Data Privacy by Design Service Sheet
January 08, 2024DownloadsDownload Service Sheet
Given the constantly changing legal and regulatory landscape for data privacy, companies must adhere to new and emerging laws that can have substantial impacts on how their organization functions and architects their IT and data infrastructure. Organizations are often challenged to lay the proper IT bedrock that is flexible and scalable enough for shifting laws and regulations. FTI Consulting helps clients incorporate and implement key principles of data privacy by design into corporate policies and technical infrastructure to become compliant and nimble to meet current and future regulatory and legal standards.
Historically, data privacy has taken a backseat to revenue-driving activities such as sales and product design. Customer demand for increased privacy controls over their data and new government regulations that include harsh fines are pushing organizations to pause and rethink how to structure their business and infrastructure with data privacy at the forefront of design. Companies that prioritize ethical and privacy focused use of customer data could see increased financial benefits by providing additional transparency to customers and mitigating risk. Protecting the data of customers, employees and other key groups enables organizations to build and maintain trust, which helps drive loyalty. FTI Consulting assesses and implements customized approaches to data privacy by design to balance the needs of customers and stakeholders while enabling the organization to leverage data as an asset.