Master Data Compliance Secrets for Stress-Free Success
The Importance of Data Compliance
Data compliance is crucial in today's regulatory environment, where laws like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) impose stringent requirements on data handling and protection. Non-compliance can result in hefty fines and legal actions, which can be detrimental to any business. For instance, GDPR violations can lead to fines up to €20 million or 4% of the annual global turnover, whichever is higher1. By ensuring compliance, businesses not only avoid these penalties but also build trust with customers and stakeholders.