DECEMBER 2020CIOAPPLICATIONS.COM8 RENNE' DEVASIA, CHIEF COMPLIANCE OFFICER, INCOUNTRY INC.The Evolving Role of Governance in Data Protectionver the past decade, rapidly evolving regulatory environment and customer expectations regarding data protection, data residency, privacy and cybersecurity, compliance have evolved into a key business enabler from having always been perceived as a business tax. Product and service development and business strategy are increasingly dependent on large amounts of data, much of which is informed by both aggregated and individualized personal data in addition to usage and related metadata important to growing businesses. Continuing revelations of increased data mismanagement by some organizations places organizations under greater scrutiny of their overall data collection, management, protection, and usage practices. Governments' reaction to these breaches is increasingly stringent data protection and data residency regulations, leading to mounting urgency for comprehensive and cohesive governance not only of the products and services dependent on such data OIN MY View
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