Navigating a shifting compliance landscape
Information compliance has become an essential area of concern – one that businesses can no longer afford to ignore. As new regulations come into force, information management will be key in proving compliance.
New regulatory frameworks being introduced, such as the Network and Information Security 2 Directive (NIS2) in the EU, are demanding more of businesses. These measures will expand the scope of existing legislation, requiring more industries to demonstrate higher standards of compliance in an effort to address the persistent cybercrime threat.
However, maintaining compliance has become more complex than ever before. IT decision-makers (ITDMs) are struggling to balance securing an ever-growing amount of data with the challenges that accompany ongoing digital transformation. In 2023 alone, approximately €2.1 bn in fines were imposed in the EU due to violations of the General Data Protection Regulation (GDPR)1.
Despite recognising the importance of this challenge, ITDMs are facing significant hurdles in meeting their new compliance obligations. Taking steps to improve management of information, and introducing higher levels of automation, can support compliance management by streamlining document and data handling and improving visibility.