We met Kabir Barday, CEO of OneTrust, at Collision, Toronto where we discussed the evolving landscape of data privacy, responsible AI use, and regulatory compliance. OneTrust helps companies responsibly and securely use data and AI with its suite of security, privacy, governance, risk, ethics and compliance solutions. The company recently reported they expect to surpass $500M in ARR, as their solution is currently used by 14,000 customers, 75% of which are Fortune 100 companies.
Companies are now shifting their approach to data privacy, moving from regulatory compliance to leveraging privacy as a competitive advantage. At the same time, new challenges are surfacing by Generative AI when it comes to data governance, pervasive data scraping, and the increasing importance of first-party data and consent management. Regulation was a key topic addressing DORA (Digital Operational Resilience Act) and the implications for financial institutions and their vendors, as well as GDPR, EU AI Act as data accountability and data protection become burning issues. Is data privacy the new competitive advantage?
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