Pre-pandemic, the life sciences industry had settled into a pattern. The average drug took 12 years and $2.9 billion to bring to market, and it was an acceptable mode of operations, according to Nimita Limaye, Research Vice President for Life Sciences R&D Strategy and Technology at IDC. COVID-19 changed that, and served as a proof-of-concept for how technology can truly help life sciences companies succeed and grow, Limaye said.
Every day, your users access dozens of documents they need to do their jobs. However, many users fail to take basic steps to protect sensitive documents from leaving the organization. In sports, when a team loses the ball out of bounds, they have to go on defense. The same thing happens in business when you lose critical documents.
As companies accumulate and store large amounts of business data in the cloud, data security and governance become a major concern. More than 16,000 companies use Egnyte to manage, secure, and govern their content. These businesses rely on the unified platform to keep their business running smoothly, because data loss due to ransomware attacks or accidental file deletion could have profound impacts on their bottom lines.
New state-level data privacy laws just keep coming. By the end of 2023, California will transition to the CPRA, and residents of Virginia, Colorado, Utah, and Connecticut will be covered by more expansive state privacy laws. With 10% of U.S. states covered by data privacy legislation by the end of next year, it’s clear there’s a need for federal legislation as well. I’m pleased to see reports of positive momentum on this topic in Washington.
Whether you’re a compliance expert or a novice, adhering to data privacy laws confuses even the best of companies. One of the key points of confusion is the fact that you can’t possibly comply with current and future laws without knowing what data you collect, where it goes, and how it’s used and retained. It sounds simple, but it is not. In fact, it’s a challenge that applies to nearly every organization today.
With the rapid proliferation of data privacy laws, it’s no wonder mid-sized organizations are having a hard time keeping up with all of the new regulations. In addition, many companies struggle with understanding how rapidly evolving legislation might apply to them. For example, if you’re a U.S.-based company that does business from North Dakota, you might not be concerned about privacy laws abroad.
Your project teams take hundreds, if not thousands of photos every year. And while it’s easy to take the actual photos, it can be a huge pain to download and organize all those images. Think about how most companies operate today. A team member takes a bunch of pictures, goes back to the office or the trailer, downloads the pictures from the camera or mobile device, uploads them to the system, and then organizes and posts them.
