As technologies develop, businesses are seeing more opportunities to procure IT services that work better for them. In recent times, businesses have been prioritising digital transformation projects to help them be more agile and work smarter. This focus on digital transformation has been accelerated by COVID-19, which has shone a light on companies' current business and IT processes, allowing companies to take stock and re-evaluate their business models.
At Baker McKenzie, we have prepared a Digital Transformation and Cloud Report that looks at a number of global digital transformation trends, across industries and for different stakeholders. This includes what areas of digital transformation companies are investing most heavily in and the main drivers for such investments. From a legal standpoint, an area of concern that ranks highly includes the protection of data, not only in terms of data privacy compliance but also ownership of data. Read our report to find out more.
Beyond General Data Protection Regulation (GDPR) concerns lie the bigger questions that need to be addressed such as "How do I truly own my data?", "How do I protect company data?". These are concerns that rank high for business agility and innovation from a legal standpoint.