Key Privacy arena findings in 2020

• Ninety-three percent of organizations turned to their privacy teams to help navigate and guide their pandemic response
• Privacy budgets doubled in 2020 to an average of $2.4 million
• ROI was slightly down compared to 2019, but remains attractive with 35% reporting benefits at least 2 times their investments
• Privacy laws are viewed very favorably around the world, with 79% of organizations indicating they are having a positive impact (and only 5% negative impact)
• External privacy certifications (e.g., ISO 27701, APEC Cross-Border Privacy Rules, and EU Binding Corporate Rules) are an important buying factor for 90% of organizations when choosing a product or vendor
• Organizations with more mature privacy practices are getting higher business benefits than average and are much better equipped to handle new and evolving privacy regulations around the world
• Data Privacy has become a top area of responsibility for security professionals, with 34% of survey respondents indicating privacy is one of their core competencies and responsibilities
• Ninety-three percent of organizations are reporting privacy metrics (e.g., privacy program audit findings, privacy impact assessments, and data breaches) to their Boards

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7 TIPS FOR ENGINEERING LEADERS LOOKING FOR AN EDGE

 

1. Figure out the best-fit leadership track: Let your team determine their path, rather than defining exactly how they should be doing their job. Engineers will typically fall into one of the three tracks of career development:

• Management track

• Technical leadership track

• The true IC track

2. Manage the environment instead of people: Leaders should spend less time managing and micromanaging their team, and more time building an environment where the team is empowered to lead themselves.

3. Shift from maker to multiplier: As a leader, your mentality needs to shift from individual contributor to multiplier of efforts. By instilling an ownership among your team, you’ll create the environment needed to maximize everyone’s collective talents.

4. Create continuous feedback—for your team and for yourself: Implement ways for your team to offer feedback early and often with built-in ad-hoc and “pair stair” reviews.

5. Pay attention to over- and under-engagement: Monitor your team’s workloads, so you can step in if someone is at risk of burnout, or re-invigorate those who seem to have mentally checked out. 

6. Let your team—and yourself—fall off the bike: An important part of empowering your team is letting them make mistakes without fear. Failure is inevitable and should be learned from.

7. Find your flavor: There is no one-size-fits-all recipe for a great leader. But one component to any good leader is the ability to understand themselves, what their strengths are and how they can apply them to help your team the most.

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Facial Gestures Automatic Assessment

 

Technology companies are investing tremendous resources to figure out how to objectively “read” emotions in people by detecting their presumed facial expressions, such as scowling faces, frowning faces, and smiling faces, in an automated fashion. Several companies claim to have already done it. Microsoft’s Emotion API promises to take video images of a person’s face to detect what that individual is feeling. Microsoft’s website states that its software “integrates emotion recognition, returning the confidence across a set of emotions . . . such as anger, contempt, disgust, fear, happiness, neutral, sadness, and surprise. These emotions are understood to be cross-culturally and universally communicated with particular facial expressions.

 One perfect use of this technology is in snippet below –

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Is Consumer trust dead?

 

There is a loud voice circulating in the Privacy world from past one year – “Is Consumer trust dead?”

This is primarily because of the reason how large organizations are collecting consumers data and how regulators (or government authorities) are locking horns with these organizations and asking for hefty penalties. Media is also playing a very important role here which is making end consumers/customers aware on Privacy and injecting a kind of feeling that the trust is dead.

Consumers are primarily raising concerns on –

• ·       The type of personal information being collected
• ·       Who companies are sharing personal data with
• ·       How companies are using personal data
• ·       Vulnerability of personal information

As per one survey (2019) –

• ·       Over 60% of consumers are uneasy with companies using their personal data for analytics
• ·       77% say it is important for companies to be clear and transparent about how they use their personal data
• ·       55% of those born after 1979 say they would share more personal data with companies on the condition of total anonymity

Privacy should be a social responsibility. And these large organizations need to be develop their products keeping Data Privacy in mind. Create/develop products and earn trust, not ONLY money.

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Happy New Year 2021

 

Welcoming 2021 with Hope, Positivity and Encouragement.