In 2023, an estimated five quintillion bytes of data will be created daily. While this data revolution is exciting, it also raises questions about data privacy. In response to that challenge, more regions, localities, and countries will implement additional data privacy laws in the coming years to ensure the safety of individuals’ data.

Imagine doing business in a bubble. You are an international company only allowed to make decisions using data collected within your country and by your business unit (BU). You also cannot share data with subsidiaries or third parties. It would be challenging to conduct day-to-day business, let alone innovate and grow. Fortunately, this isn’t the state of business today. Organizations transfer trillions of data points across borders daily.