Data hk refers to the collection and analysis of information to inform business decisions. Data can be collected either through direct observations or secondary sources such as published reports; businesses use it both internally to evaluate operations and make improvements as well as by government agencies when formulating policies.

Recent outrage over Octopus’ sale of customer personal data has highlighted the significance of adhering to Hong Kong’s data protection laws. While Hong Kong’s privacy commissioner has called for modernisation, businesses must at present meet their obligations under current framework.

Effective data governance programs depend on having the appropriate people on board. A data governance team must consist of individuals who bring different perspectives and expertise, such as experienced business analysts or senior systems architects who serve as data stewards – these experts who serve as liaisons between business and IT must help foster strong collaboration and communication between teams. Having data stewards on hand is vital for seamless collaboration and communication among business and IT.

Governance teams require more than data stewards; they should also include an executive sponsor, steering committee and project manager. The latter’s responsibilities will include scheduling tasks, assigning resources and building the case; this role also serves as the main point of communication within the program – often using an accountability matrix such as RACI to organize this communication effectively.

If a business plans on exporting data outside Hong Kong, an impact assessment must be carried out first in order to ascertain whether such transfer is legal. Such an evaluation should cover the destination jurisdiction’s legal environment as well as laws and practices regarding data protection and national security; benefits from the transfer should also be addressed along with measures being taken by exporter to safeguard personal information being exported abroad.