How does data privacy legislation impact tech companies’ operations? 🔊
Data privacy legislation impacts tech companies’ operations by imposing strict regulations on data collection, storage, and usage practices. Laws such as the General Data Protection Regulation (GDPR) in the European Union require companies to protect user data and give individuals control over their personal information. Compliance with these regulations often necessitates significant changes in business processes, technology infrastructure, and data management practices. Non-compliance can lead to substantial fines and damage to reputation, thus prompting companies to prioritize data protection and privacy in their operations.
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