The European Union’s General Data Protection Regulation (GDPR) presents businesses and other organizations around the world with a stark choice: will they view it as a compliance burden to be minimized, avoiding liability with as little disruption and cost as possible? Or instead, will they seize the opportunity to be proactive, reaching beyond bare compliance for the financial, reputational and operational advantages it can bring?
There’s no prize for guessing which approach we advocate, and the reasons are simple. The Harvard Business Review has noted that when compliance programs fail, it’s often due to ineffective data collection and analysis: Firms cannot design effective compliance programs without effective measurement tools.
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