Data compliance regulations are the law, but laws can take a lot of understanding. Changes in the law can mean an overhaul of processes that companies have used to manage their data for years. Even under new or well-established law, companies may be struggling to comply.
Instead of continuing to risk slower processes, data loss, major fines and angry customers, companies need to harness technology to aid in data compliance.
With data management, there is no room for error because your customers will not accept it. Businesses that are compliant stand out from the crowd — and what business doesn’t want that? Compliance requires that data is managed, stored and accessed more securely. A side effect of this is better-organised data, which when accessed, means a better employee and customer experience.
With technology in place to help businesses reach compliance benchmarks; growth, expansion and brand reputation are all positive side effects.
Reviewing Data Compliance
When reviewing data compliance solutions, business leaders should be thinking about how their data is:
- Collected and stored.
- Accessed and used.
- Deleted and “forgotten.” and
- Provided to users with bespoke permissions.
If answers to any of these mean your company does not meet compliance regulations such as GDRP, you need to act now. Working with the right technology to drive compliance quickly and easily means that your business benefits in many other ways to:
- Enhanced data security, company-wide.
- Increased staff productivity. Data stored correctly means less searching and less confusion.
- Meet and comply with customer data requests efficiently.
- Enjoy greater customer trust, positive word-of-mouth and a increased brand reputation.
The bottom line for all of us is that our businesses are being held to new and higher standards, so ensuring your data compliance efforts are up to par is critical.