{"id":899,"date":"2023-07-17T19:32:20","date_gmt":"2023-07-17T19:32:20","guid":{"rendered":"https:\/\/feraounconsultants.com\/?p=899"},"modified":"2023-07-17T19:54:06","modified_gmt":"2023-07-17T19:54:06","slug":"the-governance-of-personal-data-a-strategic-imperative-for-companies-in-the-digital-age","status":"publish","type":"post","link":"https:\/\/feraounconsultants.com\/index.php\/2023\/07\/17\/the-governance-of-personal-data-a-strategic-imperative-for-companies-in-the-digital-age\/","title":{"rendered":"The governance of personal data: A strategic imperative for companies in the digital age","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\t\t
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As early as 2011, European Commissioner Neelie Kroes pointed out that :<\/span><\/p>\n<\/div>\n

Personal data is the new oil of the internet and the digital economy. <\/u><\/i><\/h3>\n

And what was true 10 years ago is even more so today.<\/i><\/p>\n

The exponential development of new technologies and the democratization of connected devices have led to an unprecedented <\/span>multiplication of personal data collected and used by companies. According to IDC, the global datasphere is expected to grow from 33 zettabytes in 2018 to 175 zettabytes by 2025. <\/span>Behind this ocean of data lies a major strategic issue. <\/span><\/p>\n

However, companies must now comply with a much stricter legal framework regarding the protection of personal data. The entry into force of the GDPR in 2018, the Privacy Shield and the Privacy Act in the United States, as well as Law 25 on the Protection of Personal Information in Quebec have considerably strengthened people’s rights and the obligations of data
controllers.<\/p>\n

In this context, adopting responsible personal data governance is no longer an option for companies: it has become a strategic imperative. <\/p>\n

But what exactly does “data governance” cover?<\/b><\/h4>\n

It can be defined as the set of processes, policies and technologies that enable an organization to manage the personal data of its
customers, employees and partners in an ethical, responsible and transparent manner.<\/p>\n

This governance is based on 4 fundamental pillars:<\/p>\n