Business leaders are often confronted with the dilemma… Should I make a move now….or Should I wait… Should I lead… or Should I follow…
Indian industry is flying on the wings of Technology and Data is driving the business. Data however is the new Commodity that is at the centre of a new regulatory mechanism called the Data Protection Act 2021.
It is natural for organizations to be uncomfortable with any new regulation and more so when the regulation requires a re-structuring of some of the existing business architecture.
But there are certain regulations which are the global norms and are inevitable. They can be delayed but not avoided. The Data Protection Regulation is one such legislation which is likely to arrive soon in the industry environment.
This is a regulation that holds a penalty risk of 4% of our turnover for non compliance. We can only ignore it at our peril.
So, irrespective of the media campaign against the immediate introduction of the bill DPB 2021 in the Parliament, industries need to look for ways to build the path towards compliance.
Come, let us discuss the Compliance View of DPA 2021 at the seminar in Chennai on April 23, 2022.
Contact FDPPI for more details.
Naavi
