Regulatory compliance has become a competitive differentiator with organisations that fail to implement adequate solutions suffering financial penalties that may render the business unprofitable or even unviable.
There’s a real conflict today with data privacy. On the one hand, increasingly tight privacy and security regulations are being introduced around the globe, such as GDPR and CCPA, and we are being given greater choices regarding sharing personal data. On the other hand, we are seeing an ever-increasing number of events that rip control away from the individual.
GDPR is a very thorough regulation, requiring control of personal data processing, distribution and storage. It has been used as inspiration for other regulations including Brazil’s Lei Geral de Proteção de Dados LGPD, its general data protection regulation.
It's been two years since the General Data Protection Act (GDPR) was introduced, but organisations still see accountability as a strain on the business. In this Martech Advisor article, Solidatus co-founder Philip Dutton discusses ways to turn compliance into an operational advantage.