Compliance means one thing to a corporation -- taxation. It’s all about managing the legislative lemons that are delta out by our government (and others) at an alarming rate. Ask any corporate executive about HIPPA, SOX, and GLB etc. They quickly have a look of fear and concern. No doubt, if neglected in any of these categories you liable for law suits or CEO prison – a different kind of pinstripes.
So how can we turn these Lemons into Lemon-aid? Well, technology can help, new innovative companies like Tizor can provide insight into vulnerabilities monitoring data streams real-time. Today companies not only cope with compliance mandates but must transition that effort into measured trust. And you know what’s printed on every dollar -- “trust”.
How does this trust lead to corporate profits? Through building trusted peer relationships across the street or around the world. Once you and your external partners can agree upon the governing rules, trust monitoring should be the key. Like back in the 80’s when Regan met with Gobechev, the catch phrase during the nuclear talks were “trust but verify”, and that’s exactly what corporations my do today. Profiting together in harmony by demonstrating trust and eliminating / exposing dangerous combinations.
Outsourcing is all the rage, but what’s happening with your (your customers) data at that site. What about the legislation governing that data, and in those country’s – can you discern today what pieces of data are venerable to your corporate health and in what countries?
If this hasn’t struck a cord within by now you’re not in the Compliance game, but if it has you know all to well that this is exactly at the heart of the issue and must be addresses if companies are to being to collaborate horizontally in Financial Services, Health Care, and Supply Chain Management.
Tizor – check’em out.