Data Mapping: Frequently Asked Questions
Most people find data privacy compliance to be complicated enough....Read Now
June 20, 2022
Does it ever feel like you have to choose between your business goals and compliance with data privacy regulations? The laws are changing rapidly, and we’re sure to see many more laws regarding data protection in the future. Keeping up with it all can be a full-time job.
As more countries and states have adopted data privacy regulations, a new category of software has emerged: privacy management software. Even though mistakes under the GDPR and other data privacy laws can cost millions of dollars, data privacy isn't just about staying out of trouble with the authorities.
It’s about giving customers control over their personal data and setting guidelines for how your business collects, stores, and manages it. If you do it well, it can bolster your brand and reassure your customers that you care about their privacy. However, if you do it wrong and a breach occurs, you risk losing customer trust.
This article will discuss what data privacy management software does and some of the standard features that make data privacy tools worth the investment.
Before we talk about the different types of privacy management tools, let’s define what privacy management software is. By implementing privacy management tools at your organization, you can create a holistic picture of your data practices. This type of software can:
The benefits of implementing privacy management include:
Because so many different business processes, teams, and stakeholders are involved in data privacy management and because data privacy laws are changing all the time, manual data privacy management just isn't feasible. Instead, businesses need to adopt automated privacy management tools that help them centralize, identify, and manage customer data spread across the organization.
And not only can automated data privacy tools help you stay compliant without wasting time on manual compliance processes, they can also improve your reputation with customers. Customers are becoming increasingly privacy-aware, and take the data privacy practices of businesses into consideration when making a purchasing decision. Businesses can even incorporate their dedication to customers' privacy into their brand messaging to ensure the word gets out.
With over 365 privacy tech vendors selling products, deciding which is right for your business can be difficult. Not all products have the same capabilities or use cases; identifying which features you need and what challenges they solve is essential to identifying the right data privacy tool. Let’s find out which features are available, so you can determine what’s right for your business.
Data privacy tools often include these features:
This isn’t an exhaustive list, but it does represent the sorts of capabilities you need to manage data scattered across hundreds of systems and shared with third-, fourth-, and fifth-party vendors. User data is gold, but the mines aren’t centralized. A data privacy management system can help you organize your data into a centralized management platform. When you know where your data lives, you can sort and manage it easily.
Not all data privacy tools are created equally. The best platforms are easy to use and:
Keep these features in mind as you start searching through different software options. The most suitable privacy management software is the one that integrates with the systems you already have in place.
The team at Osano is composed of attorneys, technologists, and business leaders focused on making data privacy simple and accessible to all companies. We’ve created privacy management software that’s easy to use for consumers and businesses. More than 750,000 companies use Osano to keep their websites compliant.
Here’s how you can integrate Osano into your data privacy plan:
The Osano staff is a diverse team of free thinkers who enjoy working as part of a distributed team with the common goal of working to make a more transparent internet. Occasionally, the team writes under the pen name of our mascot, “Penny, the Privacy Pro.”