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“DataGovernance” is such an interesting term. As data started becoming more critical to business in the last few years, this idea was introduced to define the business processes necessary to comply with regulatory requirements.
GDPR stands for General Data Protection Regulation. It’s a regulation introduced by the European Union in 2018 to protect the privacy and personal data of EU citizens. It applies to all companies that process personal data of people living in the EU, regardless of the company’s location.
The key is through the ethical collection and use of data where necessary, safeguarded by robust data privacy rules and overseen by dedicated governing bodies to ensure datasecurity and prevent misuse. Data ethics – data collection vs utility – it’s a balancing act .
Similarly, in the European Union, the General Data Protection Regulation (GDPR) requires that businesses ensure the lawful, fair, and transparent processing of personal data. There are also several industry-specific regulations that may apply to the use of AI-based document processing.
million to the US government when their lack of proper screening mechanisms led to 500 PayPal transactions worth $44,000, violating sanctions against Iran, Cuba, and Sudan. Datameer Datameer is a data preparation and transformation solution that converts raw data into a usable format for analysis. In 2015, PayPal had to pay $7.7
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