Roadblocks Leaders Face
Roadblocks Leaders Face
Staying on top of rapid regulatory change. Strategic investments and choices should be made with potential regulatory developments in mind. Establishing strong, cross-functional collaboration and well-established workflows can help organizations react quickly to regulatory challenges, with some organizations maintaining dedicated teams or roles to monitor and evaluate the impact of global regulations. Modern infrastructure can help as well. According to one leader, “Most of our critical infrastructure is new, automated, and in the public cloud, which gives us an advantage in terms of agility. We can redesign and redeploy much of our infrastructure confidently.
”Improving training to increase employee awareness and compliance. Better user education and stricter enforcement of data management and cybersecurity rules are important considerations. Data leaders indicate they might share in the responsibility and alleviate the burden by seeking to implement more automated tools. “The average user is not suited to be responsible for understanding the full scope of data they handle and shouldn’t be saddled with this level of accountability,” one leader says. “We have to provide more intelligent systems and processes.
”Modernizing infrastructure, deploying automated solutions, and experimenting with emerging tech. To streamline systems and create a lighter footprint, organizations can look to move to a fully SaaS-native cloud and standardize their tools across all clouds. Leaders may also seek to integrate new data sources and improve their ability to process real-time information. Some are beginning to experiment with automated data classification, including deployment of homegrown and commercial AI and machine learning tools.It can be difficult for technology industry leaders to weather the many challenges of rising data volume, shifting regulations, higher costs, and increasing complexity. However, by focusing consistently on collaboration, flexibility, modernization, and automation, they may enhance operations and better anticipate and respond to regulatory requirements.