Building Business Case for Regulatory Investment in Data – a Balanced Scorecard

Regulatory requirements for data are often perceived as a cost or overhead in organisations. Is there an argument for a “Balanced Scorecard” approach to data?

calculations, balance sheet, stress

The pace of change in data and data-related technology is increasingly being matched by the evolution of regulation and legislation affecting or impacting data and its use. From GDPR to the AI Act to DORA, NIS2, and beyond, even the smallest organisation is impacted by data regulation in some way.

However, historically ‘compliance’ is seen as a cost-centre, a tick-box activity in many cases. This session explores the need for and benefits of adopting a ‘balanced scorecard’ approach to data regulatory strategy, and will look at the opportunities that can be unlocked when we step back and consider the challenge from a data capabilities and competencies perspective.

How can the ‘overhead’ of regulation and governance support value delivery in organisations?

Focus Areas for Discussion

In this session, delegates will discuss how the increasing focus on regulation of data and data-related functions can often be seen as a burden or barrier for organisations, leading to under-investment or under-resourcing of key data oversight functions or a template-driven approach to doing only what is necessary to achieve “Minimum Liable Product” – that level of quality, governance, and oversight that meets the minimum standards of compliance.

But at the same time organisations struggle with fundamental issues such as searchability and findability of data and information, disparate and redundant copies of information, and often silo’d approaches to tackling data quality challenges. They struggle to adopt or implement new technologies because of poor quality data, or uncertainty about risk and liability arising from using their data for novel purposes. Initiatives to become ‘data-driven’ continue to struggle with challenges of data literacy, acumen, and nous in the organisation.

Is it possible that these challenges might be two sides of the same ledger? What can we learn from Kaplan and Norton’s famous “Balanced Scorecard” to help reframe how we think about how to build and frame the business case for regulatory investment in data?

Questions that may arise might include:

  • Why is data governance just ‘overhead’ and how can it help add value?
  • How do the concepts of Kaplan and Norton’s Balanced Scorecard approach to strategy map to Data Strategy?
  • How does our perspective of the concept of the “data asset” affect how we frame and present the case for investment in data capabilities?
  • Who should ‘own’ the business case for regulatory data investment in an organisation?

Keynote Speaker

To Be Announced

TBD

Keynote speaker for this session will be announced shortly.

Panellists

Check back for Our Panellists

We are finalising the panellists for each session and will be announcing them over the coming weeks. Check back for more information!

Scroll to Top