What role does data governance play in privacy compliance?

Data governance plays a crucial role in privacy compliance by establishing frameworks for managing data responsibly. This involves creating policies, standards, and practices that ensure data is collected, stored, processed, and shared in accordance with legal requirements and ethical considerations. Effective data governance ensures that organizations can manage their data assets while protecting the privacy rights of individuals and complying with applicable regulations, such as the GDPR or CCPA.

By implementing a strong data governance framework, organizations can enhance accountability, ensure transparency in data handling practices, and establish trust with customers and stakeholders. This framework typically includes roles and responsibilities for data management, guidelines for data quality and security, and mechanisms for audit and compliance assessments. In doing so, data governance not only aids in maintaining regulatory compliance but also bolsters the overall data management strategy of an organization.

The other answer choices do not capture the essence of what data governance is intended to achieve in the context of privacy compliance. While data access restrictions and the promotion of data collection may serve specific purposes, they do not encompass the broader and more systematic approach that data governance provides for responsible data management. Similarly, simplifying data transfer is more about logistics rather than the principles that guide responsible handling and compliance with privacy laws.