Data Privacy Regulations and Data Governance
Several data privacy laws are already in place across different countries that restrict businesses from using sensitive customer data. As new threats emerge, these laws will continue to evolve, and more new regulations will likely come into force.
While adhering to the new laws may seem straightforward from the outside, the reality is that most organizations lack historical knowledge about their data assets. Moreover, for many, the data assets are spread out across different technological landscapes. In addition, there are some businesses that generate large amounts of data every day, making it difficult for them to efficiently fulfill the requests from regulators.