Businesses face growing governance and regulatory risks as they seek to protect personal information, while enabling the advances in product personalisation that AI and big data analysis provide.
Security will remain a key focus in the face of increasingly sophisticated malicious actors and as the deployment of internet-connected machines offers more entry points into the systems of organisations. Data governance will also become more important as data represents an increasing proportion of enterprise value and organisations seek to make better use of their data assets.
The Consumer Data Right will mandate sharing of customer data with third parties in banking and other sectors. It will open up opportunities for competition and new entry, but presents significant data security challenges.
We are engaged by some of the world’s leading technology companies, including Adobe and Google, major Australian banks, financial services firms and retailers, to assist with their data governance requirements, including application of the GDPR to Australian companies, Australian privacy law compliance, regulatory investigations, arrangements with data processors and marketing activities.