Whatever industry you’re in, data is fast becoming one of the most valuable assets. It does more than just analyze the past; it acquires, exchanges, and even saves money for companies. In fact, in 2021 alone, the combined cost of global data breaches is set to reach $6 trillion annually. So, we know securing data from internal or external corruption and illegal access protects a company from financial loss, reputational harm, brand erosion, and beyond, but what does this have to do with analytics?
We’ve been discussing the importance of pairing your data with powerful and intuitive business intelligence tools, such as those found in all of Cority’s clouds. However, one of the key considerations your organization should bear in mind when building a shortlist of tools is how the data analysis tools work with your data and how they handle data security. In this article, we’ll answer the most common questions companies ask when looking for the right analytics tool for their company:
- Why is data security so important to keep in mind when bringing in new analytics tools?
- How are data security concerns different depending on the industry?
- How do I determine the safest data analytics tools?
Why is data security so important to keep in mind when bringing in new analytics tools?
Quality data tools enable your team to view your data safely from anywhere. It is essential for global enterprises to utilize a platform that enables flexible analytics so that it can be teased and twisted by users around the globe. Data analytics tools equipped with the best security standards will ensure that your organization’s confidential information stays that way.
How are data security concerns different depending on the industry?
Data security concerns and priorities can vary depending on the industry. For example, a reliance on malleable solutions isn’t an exclusive prerequisite for the private sector. Government agencies often have even more stringent rules around their data security that can make finding the ideal data analysis tool difficult. To solve for this, leading solutions will either have to obtain or be working towards obtaining FedRamp certification so government agencies can utilize SaaS models without fear over the security of their data.
How do I determine the safest data analytics tools?
Enterprise-appropriate data analytics tools are fully aware of the importance of keeping your data safe while providing best-in-class analytics for your organization. Analytics tools with the following data security accreditations are considered to be the safest and most reliable tools for your EHS data.
- ISO/IEC ISO27001
- ISO/IEC 27017:2015
- ISO/IEC 27018:2019
- The Australian Privacy Act
The best EHS organizations recognize that users come from a huge number of roles and perspectives. Ensuring your analytics tools are available, safe, and applicable for all aspects of EHS is something Cority understands is essential. That’s why analytics tools like DataCube, Query Builder, and Report Writer are accessible for all clouds on CorityOne – and our roadmap for a more advanced analytics and data storytelling tool includes every area of EHS, from Safety to Sustainability.