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Data Governance Frameworks for Real Estate Businesses

13 minPRO
1/6

Key Takeaways

  • Data governance has five components: ownership, standards, access, lifecycle, and quality monitoring.
  • Five essential policies: acceptable use, data entry standards, privacy, breach response, and retention/disposal.
  • Implement governance incrementally over 4 months: access controls, lifecycle, privacy, then quality monitoring.
  • Quarterly governance reviews ensure standards are followed and quality metrics are improving.
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Test Your Knowledge

1.What is operational risk?

2.What is a risk register?

3.What is the Recovery Time Objective (RTO)?