Master Data Compliance Strategies for Immediate Legal Wins
Benefits of Effective Data Compliance
Effective data compliance offers numerous benefits beyond just avoiding legal penalties. Businesses that prioritize data compliance can enhance their operational efficiency and foster customer trust. According to a study by PwC, companies that invest in data protection see a 20% increase in customer satisfaction and loyalty1.
Moreover, compliance can lead to cost savings. A report from IBM indicates that the average cost of a data breach is $4.24 million, but organizations with strong compliance measures can reduce this cost by up to 30%2.