Data Privacy: Balancing the Needs of Multidisciplinary Stakeholders
InsTech.ie
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In today's rapidly evolving data-driven landscape, data privacy has become a paramount concern for organizations across various industries. The utilization of Privacy-Enhancing Technologies (PETs) has emerged as a potential solution to safeguard sensitive information while still enabling data analysis and sharing. However, the successful implementation of PETs depends on the ability to balance the needs of multiple stakeholders from diverse backgrounds, including technology experts, legal professionals, compliance officers, and business leaders. This article explores the challenges and opportunities of PETs adoption through the insights shared by a panel of experts from different sectors.
The Panel and Their Perspectives
The panel discussion involved four distinguished experts from various organizations:
Hema Krishnamurthy (Openmined, ex-Marsh Labs): A technology professional with experience in engineering and R&D, focused on initiatives around Privacy-Enhancing Technologies, working with stakeholders such as IT, risk managers, legal teams, and business representatives.
Patrick Palmer (AWS - Amazon Web Services): A security and compliance solutions architect with experience in system administration. Patrick engages with various stakeholders, from CEOs to engineers, to discuss security and compliance matters related to data privacy.
Gary Leyden (InsTech.ie): Leading an organization focused on insurance innovation, Gary deals with diverse stakeholders, including 15 leading global insurance companies and individuals within those organizations. His primary interest is unlocking the potential of data for innovation purposes.
Owen Daniel (ONS UK - Office for National Statistics): A lead data scientist at the Office for National Statistics, Owen's work involves synthesizing data to facilitate easier access for various stakeholders. He faces challenges in convincing data owners, platform owners, and researchers about the security and safety of PETs.
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Challenges in Adopting Privacy-Enhancing Technologies
During the panel discussion, several challenges emerged that hinder the smooth adoption of PETs:
Balancing Stakeholder Needs
The panellists highlighted the importance of prioritizing use cases and identifying scenarios where PETs can unlock significant value. A collaborative and cross-functional approach is crucial for successful adoption. Early involvement of legal, compliance, and other relevant teams ensures that privacy and security concerns are addressed at the outset. Language barriers must be overcome by speaking the stakeholders' language, focusing on the solutions and benefits rather than just the technology.
Privacy-Enhancing Technologies hold tremendous promise for protecting sensitive data while enabling its analysis and sharing. However, achieving successful adoption requires careful navigation of the diverse needs and concerns of stakeholders. A holistic approach that fosters collaboration, builds trust, and emphasizes value-driven discussions can pave the way for the responsible and efficient use of PETs in the data-driven future. As organizations continue to embrace data-driven decision-making, it is imperative to strike the right balance between privacy protection and innovation.
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