What Does the CCPA Mean For Data Governance?

So what does this mean in the world of Data Governance?

GDPR has inspired a movement around the world to a new gold standard of data protection. Even if none of their customers are covered by law, most major organizations are ramping up their commitment to data governance – investing in IT solutions that will help them comply with the rules and regulations that carry significant fines and penalties.

Firms have started to embrace the new regulations instead of viewing them as a constraint. A Forrester study of 265 respondents found that:

• 48% of firms have an initial budget for establishing compliance regarding GDPR and ePrivacy of 1M+, with 58% spending 1M+ maintaining compliancy.
• Roughly 66% of firms’ compliancy budgets will be spent on new technology and consulting services.
• Firms are turning to vendors to handle their compliancy needs, particularly privacy certification (44%) & risk management and response technologies (43%).

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