System and method for managing digital governance in digital ecosystem

A method for managing digital governance in a digital ecosystem, the method comprising:

• receiving at least one policy document from a policy library that is maintained at a data repository, wherein the policy library includes policies and procedures used by enterprises, and wherein the at least one policy document is used by an enterprise to which the digital ecosystem belongs;
• receiving digital event data from a target server, wherein the digital event data is indicative of behavior of digital participants within the digital ecosystem, and wherein the target server is associated with the enterprise to which the digital ecosystem belongs;
• generating a violation summary, based on the at least one policy document and the digital event data, wherein at least one violation is recorded in the violation summary when the digital event data is non-compliant with the at least one policy document;
• determining at least one policy effectiveness score, based on the violation summary, wherein the at least one violation in the violation summary is at least one procedural violation of a fixed policy, and wherein the step of determining the at least one policy effectiveness score comprises:
• initializing a policy effectiveness score of the fixed policy to a first value, wherein the first value is a maximum score representing a whole;
• reducing the first value to a second value by deducting points corresponding to the at least one procedural violation from the maximum score;
• and
• determining the policy effectiveness score of the fixed policy as the second value;
• determining at least one compliance score, based on the at least one policy effectiveness score;
• determining a governance score of the digital ecosystem, based on the at least one compliance score;
• timestamping the governance score;
• mapping the governance score to a unique digital identifier associated with the enterprise;
• recording at least the governance score that is timestamped, along with the unique digital identifier, to an immutable digital database as a proof of governance in the digital ecosystem;
• and
• communicating the governance score to the target server, for enabling the enterprise in implementing at least one action for maintaining or improving the digital governance in the digital ecosystem.

A computer program product comprising a non-transitory machine-readable data storage medium having stored thereon program instructions that, when executed by a processor, cause the processor to:

• receive at least one policy document from a policy library that is maintained at a data repository, wherein the policy library includes policies and procedures used by enterprises, and wherein the at least one policy document is used by an enterprise to which the digital ecosystem belongs;
• receive digital event data from a target server, wherein the digital event data is indicative of behavior of digital participants within the digital ecosystem, and wherein the target server is associated with the enterprise to which the digital ecosystem belongs;
• generate a violation summary, based on the at least one policy document and the digital event data, wherein at least one violation is recorded in the violation summary when the digital event data is non-compliant with the at least one policy document;
• determine at least one policy effectiveness score, based on the violation summary, wherein the at least one violation in the violation summary is at least one procedural violation of a fixed policy, and wherein when determining the at least one policy effectiveness score, the at least one processor is configured to:
• initialize a policy effectiveness score of the fixed policy to a first value, wherein the first value is a maximum score representing a whole;
• reduce the first value to a second value by deducting points corresponding to the at least one procedural violation from the maximum score;
• and
• determine the policy effectiveness score of the fixed policy as the second value;
• determine at least one compliance score, based on the at least one policy effectiveness score;
• determine a governance score of the digital ecosystem, based on the at least one compliance score;
• timestamp the governance score;
• map the governance score to a unique digital identifier associated with the enterprise;
• record at least the governance score that is timestamped, along with the unique digital identifier, to an immutable digital database as a proof of governance in the digital ecosystem;
• and
• communicate the governance score to the target server, for enabling the enterprise in implementing at least one action for maintaining or improving the digital governance in the digital ecosystem.