One of the most important steps to design and build a data privacy program is to create an inventory of all the personal data processing activities within your company. Knowing the type of data you collect and how it’s shared, processed and stored is key to meeting any privacy requirements that impact your business.
For example, adhering to privacy regulations such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) will require your company to have an up-to-date data inventory to support risk management, compliance reporting and responding to individual rights requests and DSARs.
