DATA PRIVACY IMPACT ASSESSMENTS
DPIA is a legal requirement before carrying out any personal data processing that is likely to result in a high risk to individuals’ interests. It is an essential accountability tool and a key part of taking data protection by design approach. It helps you to identify and minimize the data protection risks of any new projects. When done properly, a DPIA helps assess how to comply with the requirements of the GDPR, CCPA and other privacy-preserving rules and regulations around the world while also acting as documented evidence of decision-making and the steps taken.
3 KEY ELEMENTS OF DPIA
Document the need and process
Assess necessity and proportionality
Manage the risks with appropriate mitigation
DATA DRIVEN PORTFOLIO BUDGETING FOR A LARGE FINANCIAL SERVICES FIRM
Our core team was involved in implementing a new way to creating, distributing, and measuring work by rejiggering the annual budget process (~$350 mm) for a name brand financial services firm and mutual funds leader. The engagement started by reviewing the entire portfolio of work and then using data collected from various sources to identify the top 7 new initiatives for the calendar year.
Customer outcomes, regulatory hurdles, and many other factors were used in a workshop like setting to select these new initiatives and then they were funded only for a quarter - each subsequent quarters funding was provided based on outcomes achieved.
Our team members have been trusted by some of the most customer-friendly and thriving companies in the world