New Delhi, Jan. 15 -- It wasn't long ago that a multinational firm faced multiple compliance failures spanning several years that resulted in billions of dollars in fines for lapses in risk management and other critical areas. This served as a stark warning to organizations worldwide: the cost of non-compliance and poor data governance is non-negotiable.

The scenario in India is not very different. As regulatory penalties soar into hundreds of crores, Indian organizations now face an unprecedented convergence of regulations; a single incident can trigger action under multiple regulatory frameworks within hours. The risks are not just regulatory. Flawed data governance practices not only disrupt business operations, but also result in ina...