In many organizations, data privacy is seen as a necessary expense—a box to check to avoid penalties and ensure compliance with regulations. It’s easy to see it as just another cost center, with benefits that only serve to reduce litigation risks or avoid regulatory fines.
Yes, a robust privacy program does do those things. But that narrow perspective doesn’t encompass data privacy’s broad strategic value for the business, which far outweighs the cost. Data privacy isn’t just a defensive measure: It can be a powerful catalyst for business success.
In fact, some organizations report a 1.6× return on investment1 for their privacy program expenditures, while others realize as much as $2.70 for every dollar spent2 on privacy.
This guide delves into the tangible business benefits of a well executed privacy program—not just for compliance teams, but for the entire organization. We’ll explore how data privacy initiatives can enhance operational efficiency, boost customer trust, drive marketing effectiveness, reduce churn, and create competitive differentiation. Regardless of your role or responsibility for privacy compliance, this guide will equip you with the insights needed to understand and communicate the true value of prioritizing data privacy. Learn how embracing a robust privacy program can be a win for everyone and how Osano’s technology and expertise can help you realize these benefits.