Secure Online Data Repository (SODR) is a large database that gathers, manages and stores information sets to be used for analysis and reporting. It utilizes metadata as well as standard schemas and structured methods of organization to make it easy to find information. It also stores data from different sources in one place for better integration.
A central system can provide an uniform set of management practices that are in compliance with regulations like those for the length of time data must be kept, or how it should be disposed of. Data repositories typically have robust access control mechanisms, including granular permissions that limit authorized users to certain data segments that make it more difficult for hackers to target specific data points. They may also have tools that track data access patterns which makes it easier to identify suspicious activities.
Improved Data Quality: Most repositories include features for data cleansing and quality assurance, which improves the reliability of business intelligence and analytics efforts. This can lead redundancy, which can lead to higher storage costs, and complicates data migrating.
Security Data repositories are a prime targets for cyber attacks and this makes the implementation of robust security measures crucial. In addition to strict access controls, they typically have regular backups to protect against attacks from malicious hackers that could damage or delete the database of a repository.
A well-built data repository can aid your company’s goals for business analytics and intelligence, while protecting sensitive data from unauthorized access and helping you meet the requirements of regulations like GDPR. Lepide Data Security Platform, for instance, allows you to search your repositories for sensitive information, and automatically classifies it as collaboration between accountants and their clients it is found, allowing you to easily set access control policies.