The impact of data protection regulations on business analytics
Student, Business Analytics, Trine University, Phoenix, Arizona, USA.
Review Article
World Journal of Advanced Research and Reviews, 2024, 24(02), 2003–2006
Publication history:
Received on 07 October 2024; revised on 20 November 2024; accepted on 22 November 2024
Abstract:
The emergence of data protection regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) has reshaped the business analytics landscape. These laws impose stricter controls on data collection, storage, and processing, directly influencing data availability and analytical performance across industries. This paper explores the impact of these regulations on key sectors, including e-commerce, healthcare, and financial services, through a detailed analysis of regulatory challenges, compliance strategies, and innovative solutions. Findings indicate that while these regulations have introduced significant constraints, they have also spurred advancements in privacy-preserving technologies and fostered consumer trust. The paper concludes with actionable recommendations for businesses to maintain compliance while leveraging analytics for competitive advantage.
Keywords:
Data Protection; GDPR; CCPA; Business Analytics; Privacy Compliance; Data Governance; Ethical Data Practices; Consumer Trust; Privacy-Preserving Technologies
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Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0