**What is the importance of “technology impact assessments” for compliance?**
Technology impact assessments are crucial for compliance as they evaluate the potential effects of technological implementations on various aspects of an organization, including privacy, security, and operations. By identifying risks and benefits, these assessments ensure that new technologies align with regulatory frameworks and best practices. Conducting thorough assessments helps organizations mitigate potential legal liabilities associated with non-compliance with laws like GDPR or HIPAA. Moreover, they can guide organizations in making informed decisions about technology investments and process improvements, ultimately promoting a culture of accountability and due diligence.