Information traceability, transparency
and data lineage
Data challenges permeate all organizations and all industries. Orion facilitates folks working in different silos and enterprise layers to become hyper aware of Data, make informed decisions to become compliant with regulations by providing a comprehensive view of their data assets and landscape.
Information traceability for regulatory compliance
Automation creates and maintains transparency over information assets. There are very few products in the marketplace that provide a Data Fabric to tie-up of institutional compliance to laws, policies and/or regulations.
Manage and build information
Coupled with traceability, Orion EIIG provides additional capabilities around Data Governance and Data Management.
Reduce Regulatory Risk – Ensure Compliance
Financial sector
BCBS-239, FFIEC, BSA/AML, SEC, Solvency II, SOX, GLBA, CFPB, IRB and others are all laws that apply to banks, financial services and insurance firms. Banks paid an excess of $42 Billion in fees in 2016 for non-compliance.
Privacy Regulations
EU GDPR imposes fines up to $20 Million or up to 4% of the annual worldwide turnover of the preceding year. US California CCPA/CPRA, Colorado CPA etc. include provisions like right to access, delete and opt-out.
Healthcare sector
HIPAA and HITRUST are the US laws associated with the protection of patient healthcare information. Non-compliance based on the level of negligence can result in penalties, up to $1.5 Million / year.
Cybersecurity Regulations
US Cybersecurity Information Sharing Act of 2015 (CISA), EU Cybersecurity Act, Japan’s Basic Cybersecurity Act, China’s Cybersecurity Law and others provide rules that security systems/processes have to follow.
Hybrid Cloud / Application Modernization
EIIG accelerates the kickoff and task turn around times for clients on large multi-year transformation journeys by making an enterprise wide end-to-end data supply chain view transparent. It speeds up test automation by making test cases execution, changes and updates possible in real time with great accuracy.
Common Themes Clients Need Covered
Clients generally have a particular use case or set of use cases. These are areas that Orion EIIG provides support for you to quickly understand/discover your data/technology assets in your data supply chain against the themes of traceability, build information standards and data migration.
