What is a data inventory?

A data inventory is a helpful method of keeping track of the information an organization possesses and how that data is collected, used, and shared. In Delaware, data security law requires that all data collected and stored by organizations be securely protected. A data inventory helps to ensure this requirement is met. Creating a data inventory involves cataloging all of the data being stored by a company or organization. This includes identifying what type of data is being collected, such as customer information, payment methods, or medical records. It also involves identifying where the data is located, such as in a document or a database. The data inventory should also take note of how the data is used, such as for accounting purposes, customer identification, or marketing strategies. Furthermore, the inventory should note who is able to access the data and how the data is protected. This means the organization should be aware of any security measures, such as two-factor authentication or strong passwords, that can further protect the data. By creating a data inventory, an organization can ensure that they are keeping their data secure and are abiding by data security laws. With a clear view of all the data an organization has, it can more accurately protect the information and prevent security breaches.

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What is a data inventory?

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