Data risk and controls
Solidatus extends beyond traditional data governance software by adding key business dimensions including glossaries, definitions, ownership, privacy and authority, which are all visualized in context and maintained in Solidatus through both a business and technology lens.
With dynamic connections formed between your data flows and any information risk and control frameworks, you can then embed processes that identify data-related risks and enforce accountability for the implementation and monitoring of data controls.
Visualize all your data controls and define a control placement strategy
Visualize what Data Quality (DQ) and business controls are in place across your data landscape. Assess and validate your control and governance frameworks, performing what-if scenario analysis that will improve the quality of business decision-making through targeted experimentation to test the impact of proposed changes.
Understand the health of your control system
Connect your data flow with the compliance, legal, regulatory, and risk constructs necessary to conduct business effectively. Implement data-driven monitoring control strategies to drive a common understanding of the health of your control system and its alignment within risk appetite tolerances.
Understand and manage how data is used
Mitigate the significant risks associated with a data breach and avoid regulatory fines and sanctions by mapping data privacy, access and retention rules across all your business entities, jurisdictions, data categories, usages and systems – delivering major time savings and efficiency increases.
Speak a common language
Raise organizational awareness of data sources and information across functions by building a catalog of distributed data assets and their associated metadata. Create a business glossary that provides a common language for all the terminology within each source system. Subject-matter experts (SMEs) across the organization can record the terms their area uses; these can then be shared, centrally collated, and disseminated across the business to ensure consistency of understanding and eliminate confusion.
Integrate with third party platforms
Solidatus is technology-agnostic and can integrate with most third party DQ and GRC (Governance, Risk & Compliance) platforms. It provides multiple connectors, importers and an open API to ingest and catalogue metadata from multiple sources, delivering technical and business level insights on end-to-end data flows and controls. This helps to create and combine reusable building blocks to deliver transparent end-to-end data supply chains to solve multiple business and governance challenges.
Reduce costs through powerful automation
Automate manual and resource intensive processes, and reduce costs associated with data sourcing, enrichment, and calculations for reporting and analytics. Improve your overall control environment and place quality controls further upstream of information flow.
Power transparent and traceable data-driven governance
A Solidatus blueprint shows what data you have, where it is located, who has access to it, and how it relates to relevant policies. When information is taken out of silos, it becomes accessible and transparent. This gives key stakeholders and regulators a thorough view of risks faced and controls in place.
Build a connected and controlled work environment
Collaborate across teams, at any time, from anywhere. Solidatus provides a workflow for managing collaboration among users and facilitating the effective development of models. Federate access rights and ownership to individuals or groups to any parts of your blueprints. Any changes made in Solidatus are versioned for audit management and historical comparison.