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As we begin to increase the use of digital technologies like big data, the cloud, IoT, Artificial Intelligence, organizations and businesses are transforming. The resulting creations of smart-data and smart-cloud systems have been creating new complications with legal ramifications for regulatory agencies. These challenges on security levels, compliance levels, data protection and regulations like the General Data Protection Regulation (GDPR) in Europe are being looked with great importance in order to ensure that organizations can tackle them effectively.
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Security cannot be an afterthought in this day and age, and the traditional ad hoc way of solving security concerns will not work in the fast-paced world that we are in today. The challenges of the future will be how smart solutions are created that will be able to adapt to the new technologies while remaining agile and be primarily focused on the customer’s needs, all the while maximizing the amount intelligence and maintaining stringent levels of security, regulations and privacy laws.
In the last one year, cybersecurity has been put to the test and has become the leading priority for digital businesses to succeed in digital transformation. Organizations that succeed with their digital transformation efforts are the ones that balance the advice received from compliance professionals who are familiar with their digital capabilities. With the appropriate compliance frameworks in place, organizations will be able to show customers that they are trustworthy and responsible with the data that has been entrusted to them.