BDO | 1 CPE | Data Ethics 101: Why Tech Companies Should Establish a Sound Data Ethics Program to Build Trust
Please join us for a webcast on the topic of building a data ethics program that fosters trust with your customers.
Consumers and privacy activists are increasingly paying attention to the way data is handled. Not only are there stricter regulatory standards in place, but many organizations will find that complying with these regulations is not enough. To build trust with customers, it is critical that technology companies go beyond compliance and build programs that are centered on data transparency and ethical data collecting, sharing and retention practices. BDO’s 2023 Technology CFO Outlook Survey found that over one quarter of Tech CFOs say they don’t always use customer data in ways that fully adhere to their company’s privacy policies. Another 29% report collecting more customer data than they need. Overcollection and a lack of defined purpose can both be indicators of unethical data management practices.
Taking time up front to codify data governance policies for the entire organization to adhere to and then sharing those policies with stakeholders so they know how their data is being used are important components of establishing a thorough data ethics program. In this webcast, learn how a data ethics program can help you win trust, protect your brand, and enhance resilience.
Join BDO Technology leaders as they discuss key components of developing a strong data ethics framework and why it is paramount for all technology companies.