Business goals

Align compliance goals with business goals

A little over a year ago, the pressure to meet the requirements of certain articles of the European Union (EU) General Data Protection Regulation (GDPR), often with a patchwork of specialized solutions, has shaped the misperception of some companies that GDPR compliance is just a hurdle to overcome.

Now that the deadline has passed, many companies are realizing that a simplistic approach to checkbox compliance, with GDPR in particular and regulatory requirements in general, has failed to deliver potential benefits. . Even limiting the results to a compliance perspective, many will find that their efforts have failed to provide the flexibility and scalability necessary to meet the expectation of increasingly stringent data protection regulations. will continue to evolve around the world.

Having such a broad reach has led many organizations to view GDPR as an unwanted burden. However, an approach that shifts towards aligning business objectives with compliance requirements can provide organizations with greater control over data. Such an approach offers the company the opportunity to harness the benefits of all of its data-driven initiatives, aligning compliance goals with forward-looking business goals.

Compliance and efficient use of data for business purposes share the same essential requirement: absolute, granular control over data. Ultimately, this synergy will provide the high-level opportunity to restructure people, processes, and technology within the organization to maximize both the protection and the value of information.

“By interweaving compliance objectives within the larger enterprise initiative for data control and value realization, it is possible that compliance ceases to be a cost center over time.”

Maxine Holt, ovum

Compliance, along with the need to recognize and harness the business value of data, are data control challenges. Viewing them this way makes aligning business and compliance goals much less of a problem.

Organizations can begin to identify use cases and existing processes that depend on this control, and form interdisciplinary teams involving compliance stakeholders and other business roles to collaborate on common results and goals. From this arise shared processes and workflow, shared technology and, to some extent, shared budgets.

By interweaving compliance goals within the larger enterprise initiative for data control and value realization, compliance may cease to be a cost center over time.

Benefits, such as improved customer relationships and improved consumer confidence, offer ‘softer’ returns that are often difficult to quantitatively measure over a short period of time, but can be significant and should not be overlooked. in the calculations.

By addressing these problems at the root, the business can kill two birds with one stone, simultaneously improving the ability to comply with regulations such as GDPR and improving the ability to harness data for business purposes.