Enterprise Compliance Today

What Most Governance, Risk and Compliance Software is Missing

Posted by Greg Carroll on Fri, Sep 27, 2013 @ 05:00 AM

A manager doesn't have to dig in different places for information if her enterprise's database stucture uses the brain as a model. See the difference -- and what it means for you -- in this video clip.


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Information stored in traditional relational databases is difficult to access. Information stored using a neural architecture model is easy to access. This video clip shows how a relationships-as-data architecture simplifies governance, risk and compliance activities. More videos »

A common complaint of managers is that they can't find the information they need, when they need it. Usually that's because they work in a company with a traditional relational database structure, where information is stored in silos. Managers need to know how the data is structured so they can look in the right place. And as this kind of system matures, more detail is buried deeper and deeper in silos.

A manager doesn't have to dig in different silos if her enterprise's database stucture uses the brain as a model. The brain uses neural connections to store information, and new information is stored as additional connections. Similarly, software built on a neural data model stores real world relationships and uses them to link data.

A smart "hire" is savvy about relationships

Take the example in the video. Imagine you are a manager in an enteprise environment where there are a high number of users on multiple servers located in several countries. You need to know the connection between a Mr. Brown and Mr. Lee at a specific facility.

In the real world, the two are connected in at least three ways:

  • They are coworkers at the facility
  • Mr. Lee broke his leg at a facility that Mr. Brown manages
  • They attended a first aid certification course together

If your company's database structure is old school, to grasp how the two are connected you'll need to look through employment histories, staff certification histories, and facility accident reports and spot both individuals in each place. That takes time (and may not even happen -- you may not think to look in one of those silos at all).

If your company's database structure is like Fast Track's, you will immediately see several relationships. You can log in and pick any person, product or event, and see how it relates to other people, products and events, in any combination. Your database is now a powerful management tool, allowing you to act on existing information without digging. 

Wherever you are, whatever your starting point, you can follow links to see all the relevant information. And as more information is added, the system evolves and gets stronger, instead of getting more compartmentalized and unwieldy.

Ask the hard questions

One of the toughest things to do when hiring, is knowing which questions to ask. A critical question to ask a potential compliance software provider is:

Can we see in real time and in multiple ways all the information associated with a person, product, or event? May I see some examples?


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Tags: corporate governance, risk identification