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geography or regulated industry , and even more so for global businesses looking to operate and scale across different geographies and diverse industries .”
Today , regions such as the US , Europe and Asia have introduced numerous data management and data governance regulations that organisations must adhere to .
“ For example ,” Avanes says , “ in the US , there is no singular law that covers the privacy of all types of data . Instead , it has a mix of laws that are designed to target specific states or specific types of data . For example , the California Consumer Privacy Act ( CCPA ) gives California
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residents increased transparency and control over how businesses collect and use their data , while the Gramm-Leach Baily Act ( GLBA ) covers consumer financial products and requires companies to explain how they share data . In the EU , businesses must adhere to the GDPR , and in Asia , organisations have to comply with the Information Technology Act .”
The need for an integrated , consistent data governance strategy In order to navigate continuously evolving regulatory requirements , Avanes suggests organisations must implement a data governance
122 October 2023