Question 1 of 30
A multinational corporation is implementing a new data governance framework to ensure compliance with various regulations, including GDPR and HIPAA. The data governance team is tasked with defining data ownership, data stewardship, and data classification policies. They need to ensure that sensitive data is properly identified and managed throughout its lifecycle. Which approach should the team prioritize to effectively manage data governance and ensure compliance with these regulations?
Establish a comprehensive data classification scheme that categorizes data based on sensitivity and regulatory requirements.
Focus solely on implementing technical controls to secure data without addressing data ownership.
Rely on ad-hoc data management practices that evolve over time based on user feedback.
Limit data governance efforts to only the most critical data assets identified by senior management.

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