Big Data and GRC: Case Study.

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When we think of GRC, governance, risks, compliance, cybersecurity, audits, and even artificial intelligence are the first terms that come to mind.

But have you ever associated GRC with Big Data?

The influence of Big Data in this context is undeniable and deserves further analysis. Read on to understand how the ability to process vast amounts of information in real time is changing the way companies address critical issues, reconfiguring the way they manage risks, monitor compliance, and ensure more efficient corporate governance.
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What is Big Data?

Big data is a technology term that describes large and diverse data sets that grow rapidly over time. These data come from a variety of sources and are characterized by their high volume, variety, and speed.

This data, when collected, processed, and analyzed effectively, can reveal patterns, trends, and associations that would not be identified by traditional methods.

Big data analysis allows organizations to make more informed decisions based on accurate, real-time insights.
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Impact on Corporate Governance

The application of big data in corporate governance has the potential to completely transform the way companies manage risks, ensure compliance, and conduct their operations.

With organized data, companies can perform faster analysis and make decisions based on concrete facts, not assumptions. This provides a solid basis for strategic decisions that directly affect the organization's health and competitiveness. Case Study

A concrete example of this impact can be seen in one of our clients, a large hemotherapy and cell therapy network, which used big data to redefine its workload management and system performance. The delivery of a Business Intelligence (BI) solution to improve the management and visualization of your data brought a new perspective on issues important to the institution's operation, such as:

— Definition of Workload Capacity and Performance Management: Guidelines for defining and managing workload and system performance.

— Business Blueprint — Data Mapping: Document that details the mapping of data and processes in IT projects.

— Definition of data access standards: Establishes data access standards, ensuring compliance and security.

— Backup and Restore Plan: Framework and guidelines for implementing data backup and recovery policies.

— Availability Management: Tool to monitor and ensure the continuous availability of services and systems.

— Governance Playbook: Practical guide with best corporate and IT governance practices.

Big data, therefore, transforms the way in which companies make their decisions and brings more predictability in the identification and assessment of risks, something essential to maintain competitiveness and sustainability in the changing environment as, in fact, is the current market.

Unlike the traditional approach, which usually delivers results in printed documents or PDFs, Vennx stands out by providing results in interactive dashboards. This facilitates visualization and allows immediate actions by companies.
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If you want to customize your project with this approach, talk to one of our advisors here.

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