Compliance: A cross-functional priority
Embrace regulations as more benefit than burden
A combination of Brexit, the modernization of EU privacy rules and a heightened resolve to tackle climate change have put regulatory reform into the spotlight.
Regulatory compliance tops the priority list for many organizations. And 42% of executives surveyed expect the size of their compliance teams to grow.1
It’s no longer just a job for the compliance office. The new requirements are affecting all departments within the enterprise—from marketing to legal to IT through to HR. It’s not surprising that organizations’ top compliance concern is the volume and pace of regulatory change, followed by putting those changes into operation.2
Get ahead: Speed compliance with information governance
To get ahead of compliance requirements, you need the right information governance (IG) tools. But with numerous IG solutions saturating the marketplace, how do you distinguish real value from hype?
Start with this Gartner report, Hype Cycle for Legal and Regulatory Information Governance. Get details on:
- More than 20 IG technologies, ranging from file analysis and predictive analytics to enterprise information archiving and contract life cycle management, that help you maintain information compliance
- Specific use cases for each technology to assess whether they are right for your organization
- Technology evaluations, according to maturity level and benefits, that help distinguish hype from real value at a glance
Most importantly, you’ll get practical advice on whether to leverage the technologies and guidance on how to make the most of them.
Compliance is good for business
Having a strong compliance posture builds customer trust and brand loyalty, which means lasting and positive business relationships. In fact, consumers gravitate towards brands that publicize their compliance practices.3 And studies also show that companies able to link business risks with strategic imperatives tend to achieve better profit margin growth.4
Yes, penalties from non-compliance can harm your business. They can even put you out of business. But compliance doesn’t have to be a necessary evil. Why not make compliance a positive differentiator for your enterprise?
Conquer compliance now
Only a few more months to comply with the GDPR. Stop delaying and get started now to avoid hefty penalties.
Lower your carbon footprint, reduce costs and boost efficiencies. Learn how to transition from paper-based to digital processes. Lead with green.
Rethink your business processes to prepare for the uncertainty of Brexit. Learn to tackle contract governance and HR compliance.
Digital accessibility isn’t just the right thing to do, it’s the smart thing to do. Learn why it matters more than ever.
In the US alone, approximately 23,000 regulatory measures are proposed annually across industries.5 How do you get ahead of all the requirements?
Learn IG best practices by examining 5 organizations.
Learn the top 5 compliance challenges facing organizations and how you can overcome them.
- 1 Thomson Reuters, Cost of Compliance 2017.
- 2 Ibid.
- 3 Asset Stock Price and Business Case For Compliance, 2015.
- 4 PWC Risk in Review, Decoding uncertainty, delivering value, April 2015.
- 5 Lexis, Nexis, Save time on compliance with the New LexisNexis® Legislative and Regulatory Alerts & Summaries.
Hype Cycle for Legal and Regulatory Information Governance, 2016, Jie Zhang, 5 July 2016: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.