November 3, 2023 at 09:10AM
Businesses value the availability, scalability, and reliability of cloud computing, which enables data to be accessed and processed globally. However, the rise of cloud computing has led to increased scrutiny of data governance and ensuring compliance with digital sovereignty requirements. Cloud providers can help navigate these challenges by offering products and services that prioritize digital sovereignty. Leaders should proactively assess digital sovereignty requirements before expanding operations or entering new markets. They should work with legal, IT, and data governance teams to understand data storage, access, and any needed revisions for compliance.
The meeting notes highlight the importance of digital sovereignty requirements and the challenges organizations face in ensuring compliance. The rise of cloud computing and the internationalization of data have led to increased scrutiny of data governance. The three pillars of digital sovereignty are data sovereignty, operational sovereignty, and software sovereignty. Compliance with regional privacy regulations like GDPR and LGPD is crucial, and organizations may need to partner with local companies to meet data storage and access requirements. Cloud providers can play a significant role in helping organizations navigate digital sovereignty challenges by offering products and services designed with compliance in mind. Leaders are advised to identify digital sovereignty requirements in potential operating jurisdictions, work with IT and data governance teams to understand data storage and access processes, and engage with critical partners like cloud service providers to support compliance requirements. Considerations should be made before establishing operations in new territories or expanding services to new customer bases, and a comprehensive risk analysis should be performed. Internal processes may need to be revised and a cross-functional group should manage the identification and tracking of requirements. Independent verification of compliance is also recommended. Successfully navigating local rules and requirements will be essential for businesses in the future.