From the course: Data Management Essential Training

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Risk management

Risk management

From the course: Data Management Essential Training

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Risk management

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- [Instructor] People and companies have different levels of comfort with risk. Some people will jump out of a perfectly fine airplane in the name of fun. For others, myself included, that's not a risk I want to take. Companies are the same. There are risks every day that need to be identified and assessed, especially when we're talking about data management, meeting regulatory requirements, and ensuring data privacy. Risk management is all about how we identify and assess risks, and then how those risks can be recorded and potentially mitigated. These risks can come from all areas of the business. They could be data security risks like an attacker breaking into our network, compliance risks, like if we are unable to meet GDPR regulations, or operational risks. For example, what if we have a system fail in the manufacturing process or our ETL process fails to load our data warehouse overnight? There are several steps to a risk management process. We'll start by identifying all the…

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