Securing Data Governance in B2B eCommerce: Best Practices for Wholesalers

Why data governance matters in B2B eCommerce

Data governance is crucial in B2B eCommerce, especially for wholesalers. It ensures that data is accurate, consistent, and secure. This is vital for making informed business decisions and maintaining customer trust. According to a study by IBM, poor data quality costs the US economy around $3.1 trillion annually. Imagine the impact on your business if your data isn’t up to scratch.

Here at iWeb, we understand the importance of data governance. Our expert solution architects have seen firsthand how effective data management can transform a business. With iWeb’s 29 years of e-commerce experience, we can help you implement robust data governance practices that will keep your data safe and reliable.

Implementing robust data security measures

Data security is a top priority for any B2B eCommerce business. Cyberattacks are on the rise, and wholesalers are prime targets due to the vast amounts of sensitive data they handle. According to Cybersecurity Ventures, cybercrime damages will cost the world $6 trillion annually by 2021. This makes it essential to have strong security measures in place.

Our talented team at iWeb can help you implement advanced security protocols to protect your data. From encryption to multi-factor authentication, we use the latest technologies to keep your information safe. As an Adobe Commerce Agency, we leverage Adobe’s robust security features to provide an extra layer of protection.

Ensuring data compliance with regulations

Compliance with data regulations is non-negotiable. Laws like GDPR and CCPA have strict requirements for data handling and storage. Non-compliance can result in hefty fines and damage to your reputation. A report by DLA Piper revealed that GDPR fines totalled €272.5 million in 2020 alone.

iWeb’s e-commerce expertise includes ensuring that your data practices comply with all relevant regulations. Our Adobe Commerce Specialists are well-versed in the latest compliance requirements and can help you navigate this complex landscape. We ensure that your data governance practices meet all legal standards, giving you peace of mind.

Managing data ownership and access

Data ownership and access management are critical components of data governance. It’s essential to know who owns the data and who has access to it. This helps prevent data breaches and ensures accountability. According to a survey by Varonis, 53% of companies found over 1,000 sensitive files accessible to every employee.

Our talented in-house team at iWeb can help you establish clear data ownership and access policies. We use tools like Adobe Experience Manager to manage user permissions and ensure that only authorised personnel can access sensitive data. This reduces the risk of data breaches and ensures that your data is handled responsibly.

Utilising cloud solutions for data governance

Cloud solutions offer numerous benefits for data governance, including scalability, flexibility, and cost savings. However, they also come with their own set of challenges, such as data security and vendor lock-in. According to Gartner, by 2022, 75% of all databases will be deployed or migrated to a cloud platform.

iWeb – an enterprise e-commerce agency, can help you navigate the complexities of cloud data governance. Our Adobe Commerce Partners are experts in cloud solutions and can help you implement best practices for data security and compliance. We ensure that your data is safe and accessible, no matter where it’s stored.

Implementing effective data recovery plans

Data recovery is a critical aspect of data governance. In the event of a data breach or system failure, having a robust recovery plan in place can save your business. According to the Ponemon Institute, the average cost of a data breach is $3.86 million. This makes it essential to have a reliable data recovery plan.

Our expert solution architects at iWeb can help you develop and implement effective data recovery plans. We use advanced tools and technologies to ensure that your data can be quickly and easily restored in the event of a disaster. This minimises downtime and ensures business continuity.

Leveraging data analytics for better decision-making

Data analytics is a powerful tool for making informed business decisions. By analysing your data, you can gain valuable insights into customer behaviour, market trends, and operational efficiency. According to McKinsey, data-driven organisations are 23 times more likely to acquire customers and 19 times more likely to be profitable.

iWeb’s track record in e-commerce includes helping businesses leverage data analytics for better decision-making. Our Adobe Analytics experts can help you implement advanced analytics tools and techniques to gain actionable insights from your data. This enables you to make data-driven decisions that drive growth and profitability.

Partnering with experts for ongoing support

Data governance is an ongoing process that requires continuous monitoring and improvement. Partnering with experts can provide you with the support and guidance you need to maintain effective data governance practices. According to a study by Deloitte, 62% of companies believe that outsourcing data governance improves their overall data quality.

iWeb – Experts in Commerce, offer ongoing support and consultancy services to help you maintain robust data governance practices. Our talented UK team is always on hand to provide advice and assistance, ensuring that your data remains secure and compliant. With our help, you can focus on growing your business while we take care of your data governance needs.

Reach out to iWeb today to learn how we can help further with your digital transformation.