Governance issues also relate to regulatory compliance, security, privacy, and other
concerns impacting today’s organizations. Today’s data management and storage landscape,
where data entropy and data sprawl are rampant, has far-reaching consequences for data
Many organizations store a significant amount of data in distributed and hybrid cloud and
even unmanaged environments, increasing challenges for regulatory compliance. Data
inventory and data flow are often recommended. With increasing IoT devices and data
lakes in the cloud, visibility and control are lost, resulting in data sovereignty
challenges. Disruptive technologies such as Blockchain (distributed ledger) have emerged
as candidates for financial institutions to reform their businesses. The speed and cost
of doing business using distributed ledger technology are expected to improve by
simplifying back-office operations and lowering the need for human intervention.
However, a number of security concerns around this new technology remain.