Privacy regulations are by no means a new phenomenon. Most jurisdictions have upheld legislations meant to protect citizens’ right to privacy.
However, with GDPR fines reaching as high as 4% of global revenues, the repercussions of non-compliance will have substantial impacts on all stakeholders in an organization.
In today’s hyper-competitive marketplace, 4% can make the difference between a company reporting a profit or a loss, as well as impact senior executive compensation. The good news is that, as we see it, the opportunities for transparency, trust and business efficiency that GDPR compliance presents should be a far greater motivator than the fear of fines and legal battles.
If you would like to learn more about “How to turn Proper Data Management into a Competitive Advantage” by downloading our whitepaper below.