By 2023, over 40 per cent of technology will rely on Artificial Intelligence (AI) by 2023 which is a 5 per cent increase from today. “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.”
Leaders are under pressure to make sure that all personnel data processed is brought in scope and under control which is a difficult and expensive task to manage without the aid of technology. This is where the use of AI powered applications comes in to reduce administrative burdens and manual workloads. In Gartner’s 2019 Security and Risk Survey, many organizations are incapable of delivering precise answers to the SRRs they receive. Often a manual job, the average costs of these workflows are roughly $1400 dollars that accumulate over time.
“The speed and consistency by which AI-powered tools can help address large volumes of SRRs not only saves an organization excessive spend, but also repairs customer trust,” said Mr. Willemsen. “With the loss of customers serving as privacy leaders’ second highest concern, such tools will ensure that their privacy demands are met.”