Managing Director, FTI Consulting
The concept of Privacy by Design is core to most privacy regulations but has been overlooked by many in favour of more fundamental compliance requirements. However, it sits at the heart of building a privacy culture in your organisation—and embedding sustainable privacy considerations within crucial business processes.
Many firms struggle with Privacy by Design, as unlike most other compliance requirements, it does not have a definitive outcome. Implementing Privacy by Design requires a fundamental change in the corporate mindset and impacts some of the most critical business processes. In particular, it affects those linked to innovation, product/software development and the application of data science, analytics and AI.
Organisations across all industries, but especially highly regulated ones such as hi-tech, media, healthcare and financial services, need four essential ingredients to support a successful privacy by design initiative. These include:
Applying the principles of privacy by design can yield sizable benefits to any organisation harnessing automation and analytics in the processing of personal data. With the increased use of AI systems and automated decisions, this is only becoming more relevant. These benefits apply to both customer (or market) facing products and initiatives and internal, employee and operational efficiency programmes.
I’ll be discussing this topic during our presentation session, ‘Privacy by Design — How a Privacy Culture Can Drive Innovation’ at 11:00 a.m. on Thursday, 24th March 2022, at IAPP’s Data Protection Intensive 2022, in London. I’ll be joined by Gloria Greco (Stryker) and Odvar A. Bjerkholt (BT) to share perspectives and experiences from our current projects and hear insights from privacy experts in the telecoms and medical device industries. So please join our session and visit us at stand 14 in London if you are attending.
The views expressed herein are those of the author(s) and not necessarily the views of FTI Consulting, its management, its subsidiaries, its affiliates, or its other professionals.