Protecting Your Data: Governance Strategies for Building Supplies eCommerce

Why data governance matters in building supplies eCommerce

Data governance is crucial for any eCommerce business, especially in the building supplies sector. With the rise of digital transactions, the need to protect customer data has never been more important. According to a report by Cybersecurity Ventures, cybercrime damages will cost the world $6 trillion annually by 2021. This staggering figure highlights the importance of robust data governance strategies.

Here at iWeb, we understand the unique challenges faced by building supplies eCommerce businesses. Our expert solution architects have developed tailored strategies to ensure your data is protected. By implementing these strategies, you can build trust with your customers and avoid costly data breaches.

Implementing robust data security measures

Data security is the backbone of any data governance strategy. For building supplies eCommerce businesses, this means implementing measures such as encryption, firewalls, and secure payment gateways. According to a study by IBM, the average cost of a data breach in 2020 was $3.86 million. This underscores the financial impact of inadequate data security.

Our talented team at iWeb has extensive experience in implementing robust data security measures. We use industry-leading tools like Adobe Commerce and Magento to ensure your data is secure. By partnering with us, you can leverage iWeb’s 30 years of e-commerce experience to protect your business from cyber threats.

Ensuring data privacy and compliance

Data privacy and compliance are critical components of data governance. With regulations like GDPR, businesses must ensure they handle customer data responsibly. Failure to comply can result in hefty fines and damage to your reputation. According to the European Data Protection Board, GDPR fines totalled €158.5 million in 2020 alone.

At iWeb, we help you navigate the complex landscape of data privacy and compliance. Our Adobe Commerce Specialists are well-versed in GDPR requirements and can help you implement the necessary measures. By ensuring compliance, you can build trust with your customers and avoid costly penalties.

Managing data ownership and access

Data ownership and access management are vital for protecting sensitive information. In the building supplies eCommerce sector, this means ensuring only authorised personnel have access to customer data. According to a report by Verizon, 34% of data breaches involve internal actors, highlighting the importance of strict access controls.

Our team at iWeb can help you implement effective data ownership and access management strategies. We use tools like Adobe Experience Manager and Adobe Real-time CDP to ensure your data is only accessible to those who need it. By managing data ownership effectively, you can reduce the risk of internal data breaches.

Choosing the right hosting and data location

The choice of hosting and data location can have a significant impact on data governance. For building supplies eCommerce businesses, this means selecting a hosting provider that offers robust security measures and complies with local regulations. According to a study by MarketsandMarkets, the global cloud security market is expected to grow from $34.5 billion in 2020 to $68.5 billion by 2025.

At iWeb, we offer UK Magento Hosting solutions that ensure your data is stored securely and complies with local regulations. Our Magento Developers are experts in setting up secure hosting environments that protect your data. By choosing the right hosting and data location, you can enhance your data governance strategy.

Planning for business continuity and data recovery

Business continuity and data recovery are essential for any eCommerce business. In the event of a data breach or system failure, having a robust recovery plan can minimise downtime and protect your data. According to a report by FEMA, 40% of businesses do not reopen after a disaster, highlighting the importance of business continuity planning.

Our talented in-house team at iWeb can help you develop a comprehensive business continuity and data recovery plan. We use tools like Adobe Digital Experience Cloud and Adobe EDGE Delivery Services to ensure your data is backed up and can be recovered quickly. By planning for business continuity, you can protect your business from unexpected disruptions.

Data sharing and vendor lock-in are significant risks for building supplies eCommerce businesses. Sharing data with third-party vendors can expose your business to potential breaches, while vendor lock-in can limit your flexibility. According to a report by Gartner, 80% of organisations will overspend on their cloud services due to vendor lock-in by 2025.

At iWeb, we help you mitigate these risks by implementing secure data sharing practices and avoiding vendor lock-in. Our Magento Development Agency offers flexible solutions that allow you to switch vendors without compromising your data security. By mitigating these risks, you can protect your business and maintain flexibility.

Leveraging cloud data governance for scalability

Cloud data governance offers scalability and flexibility for building supplies eCommerce businesses. By leveraging cloud solutions, you can scale your operations without compromising data security. According to a report by Flexera, 93% of enterprises have a multi-cloud strategy, highlighting the growing importance of cloud data governance.

Our team at iWeb are experts in cloud data governance. We use tools like Adobe Experience Cloud and Adobe Analytics to help you manage your data effectively in the cloud. By leveraging cloud data governance, you can scale your business while ensuring your data is protected.

For more information on how we can help you with your digital transformation, contact iWeb today. Our talented UK team is ready to assist you with all your eCommerce needs. Reach out to iWeb today to learn more about our services and how we can help you protect your data.