The fact that compliance efforts can be challenging is no surprise to IT professionals and managers. Today’s regulatory environment is full of security and privacy regulations that place strict limits on the collection, handling and storage of sensitive information, and IT teams often find themselves responsible for the heavy lifting of compliance programs.
I recently had the opportunity to visit with a retailer that operates a large contact center to support its international chain of stores. The company was in the early stages of reviewing its compliance obligations and asked us to find ways to modify business practices to reduce the scope of its compliance efforts. After reviewing the company’s activities, we discovered a few small changes in the way the company handles information that could dramatically reduce its compliance burden. Organizations across industries can draw lessons from this experience as they seek to reduce their own costs of compliance.