Managing Director, FTI Consulting
Members of FTI Technology’s EMEA data privacy team have recently participated in several recent industry events, including IAPP Data Protection Intensive: UK 2022 in London. In addition to presenting on topics including establishing Privacy by Design (PbD) programmes, our team has embraced the return to in-person events as an opportunity to listen to and engage with the broader privacy community in conversations around several evolving trends. This article reflects on key trends our teams are following.
As experts have shared solutions and strategies to address current problems, many also acknowledged that a range of variables — including the state of global regulatory oversight, governance in a world of permanent hybrid working and the delicate balance across innovation, data value and protection of privacy rights — can’t be solved in a one-and-done manner, but will rather require ongoing, flexible management.
One recurring theme that surfaced across many discussions is the idea that the perception of data privacy is (slowly) shifting from being viewed as a burden to being embraced as a strategic enabler. This was a key focus in FTI Technology’s hosted session at IAPP DPI in London, ‘Privacy by Design — How a Privacy Culture Can Drive Innovation,’ which provided insights on how organisations can embrace the principles of a PbD framework. Key takeaways from that panel include:
Overall, privacy is a rapidly maturing field and organisations are making steady progress in improving organisational maturity. Some are beginning to move beyond compliance to build data protection, transparency, trust and consumer privacy into the fabric of their corporate culture and business-as-usual operations. There is significant interest across the profession in how privacy can support business and data science teams in achieving their aims in a compliant way. These are encouraging and exciting developments that will ultimately bring organisations closer to a model in which they can uphold privacy rights without curtailing innovation.
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.