An optimized risk and compliance data infrastructure should be a consciously cultivated ecosystem that understands the current recordkeeping environment, harnesses the dedicated commitment within senior management to instill consistent operational behaviors and lays careful plans. It’s not a data lake that today’s organizations need; it’s a data farm.

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Good governance, risk, and compliance (GRC) programs require data. But just how current and reliable is the data these programs leverage? Most businesses are relying on systems that are outdated or not communicating with one another—or both. Paresh Chiney, Partner and Charles Soha, Managing Director share their recipe for enhancing compliance and risk management through strong, reliable and relevant data. The difference between those who perform consistently and those who left with stale product is securing and managing a plentiful and sustainable supply of the ingredients.

Read the full article in Corporate Compliance Insights.

About the Authors

StoneTurn

Paresh Chiney

Paresh Chiney, a Partner with StoneTurn, brings more than 17 years of experience in the application of technology and data analytics to deliver business value. He works with clients—to solve […]

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Chuck Soha

Chuck Soha, a Managing Director at StoneTurn, has over 15 years of professional experience in data analytics in a multitude of risk, litigation/dispute, compliance, and assurance engagements. He specializes in […]

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