Gartner: 5 trends for data privacy by 2024

75% of the world’s population will be covered by defense policies and regulations

$ 2.5 million budget for large companies to protect privacy

Dubai: “Bay”

As the number of privacy regulations continues to grow, Gartner has uncovered 5 trends that organizations need to focus on to meet the challenges of securing personal data and meeting regulatory requirements.

“By the end of 2024, Gartner predicts that the data of approximately 75% of the world’s population will be subject to modern privacy laws and regulations,” said Nader Henein, Vice President of Research at Gartner. This organizational development has contributed to the activation of privacy protection policies. Since most organizations do not follow specific privacy practices, the responsibility for activating these requirements automatically shifts to the technical side, and in particular information security, which usually falls within the area of ​​responsibility of the offices of security and technology executives. of information.

As efforts to regulate privacy protection expand into dozens of jurisdictions and legislatures over the next two years, many companies will feel the need to start enhancing their privacy protection programs now. Gartner predicts that the average annual budget for privacy protection in large companies will exceed $ 2.5 million by 2024.

Gartner has identified five privacy trends that support privacy practices, provide support for business leaders across a variety of projects, facilitate stakeholder consent, highlight available value, and shorten the time it takes. realize these benefits. .

Data localization

Data localization In a digital society that is not bounded by boundaries, trying to control the country that hosts the data makes no sense. However, such scrutiny is often a direct or indirect requirement of many new privacy laws.

The risks of pursuing a business strategy that extends to several countries are driving a new approach to designing and adopting cloud computing solutions across different service models. Security risk management leaders face significant inequalities in the level of laws and regulations, as the requirements of localization strategies vary in each region. As a result, data localization schemes will become a top priority in the design and adoption of cloud computing services.

Computer technologies that enhance privacy

Ability to process data in incredible environments – e.g. new public computers – and sharing and analyzing multilateral data has become a prerequisite for the success of organizations. Rather than limiting themselves to an event response methodology, the ongoing complex development of data analytics mechanisms and systems requires their providers to incorporate the privacy protection capabilities and benefits into the design they provide. The inclusion of AI models and the critical need to train them are the latest additions to the list of privacy concerns.

Unlike static data security control systems that are common today, PEC systems work to secure the data used. As a result, organizations may be able to process and analyze data that was previously unthinkable due to security risks and privacy concerns. Gartner predicts that by 2025, about 60% of organizations will rely on at least one IT technology that improves privacy for data analytics, business intelligence, and / or cloud computing.

Artificial Intelligence Governance

A Gartner survey found that nearly 40% of organizations have experienced a privacy breach due to artificial intelligence and that one in four of them was a malicious breach. Whether organizations need to process personal data through artificial intelligence systems integrated into the offerings available from solution providers, or through independent platforms under the supervision of a local team specializing in data science, privacy risks and potential for misuse of personal data remain evident. .

Focus on the privacy of the user experience

The growing demand for entity rights and high expectations around transparency will drive the need to ensure centralization and privacy of the user experience. Future-thinking organizations are taking advantage of merging different aspects of the user experience – notifications, profiles, approval request management and SRRs – into a single self-service portal. This approach makes it easier for all stakeholders, customers and employees, and leads to significant time and cost savings. Gartner predicts that by 2023, 30% of client-facing organizations will have a self-service transparency portal for managing preferences and approval requests.

Hybrid models

The “hybrid model” of everything instead of working remotely As lifestyles and work tend to shift towards a hybrid model, the opportunities and even the need for more tracking, monitoring and other requirements of private data processing activities seem to are growing, making privacy risky an issue.very important.

With privacy secured in various interactions within the hybrid work system, issues such as productivity and work-life balance have also improved in industry and disciplines. Organizations should adopt a humane approach to privacy, and data control should be used for limited and clear purposes, such as improving employee experience by removing unnecessary barriers and reducing the risk of burns by reporting any health risks. and security.

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