Over 40% of privacy compliance technology will rely on artificial intelligence (AI) by 2023, up from 5% today, according to Gartner, Inc.
"Privacy laws, such as General Data Protection Regulation (GDPR), presented a compelling business case for privacy compliance and inspired many other jurisdictions worldwide to follow,' said Bart Willemsen, research vice president at Gartner.
'More than 60 jurisdictions around the world have proposed or are drafting postmodern privacy and data protection laws as a result. Canada, for example, is looking to modernize their Personal Information Protection and Electronic Documents Act (PIPEDA), in part to maintain the adequacy standing with the EU post-GDPR.'
While the California Consumer Protection Act is a step in the right direction in the war for data privacy, are the hurdles that businesses are forced to jump effective and cost-worthy?
"There's no sweeping federal US consumer data privacy law, and so far, all the action has been at the state level. The California Consumer Protection Act (CCPA), which went live last month, is similar to the EU's General Data Protection Regulation (GDPR) in regard to increasing consumer access and control over personal information. But it goes further, enabling consumers to find out what information a company collects about them, and to sue companies if they believe the law has been violated, even if there is no data breach..."
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