The benefits of data privacy.

Data privacy is another term used to refer to information privacy. This aspect of information technology involves the capability of an individual or an organization to decide which data found in a computer system can be shared with third parties.
Merits of information privacy
Ability to protect valuable information
Information that is considered high-value should be protected from access by unauthorized individuals. Data in some cases can be viewed as the most valuable asset of a given enterprise. Therefore, its protection should be incorporated into information technology infrastructure. It is the simpler solution to build in the security into the solution. This could be through the use of a custom software or an in-house automation solution.
Staying ahead of the competitors
It is important to be among the manufacturers of software whose main focus is security. This will help the individual stay ahead of the competition. The software should be manufactured in a way that will allow it to fit into business processes that already exist. The addition of the second level of data privacy is always beneficial, while its absence brings about various disadvantages.
Expansion into new markets
The addition of data privacy to existing applications is a means for the expansion of the business into new markets. For instance, the addition of protection to an individual’s local area network communication application gives the individual access to the government or military market.
Caring for clients
Offering data privacy influences sales. When an individual offers protection in their software as a bonus, their clients will feel cared for. This translates to higher sales.
Decreased developmental costs
The incorporation of security into an individual’s application at the beginning decreases the time spent on development and support. After some time, the individual usually has to make additions to the security features of their solution. If this process is delayed, the individual will be forced to modify more code. Inadvertent data loss brought about by insecure software may lead to loss of a lot of money and wastage of time spent in courts. This will influence the individual to consider making additions to data protection.
Software Interoperability
The addition of security for data improves the different software systems interoperability. The utilization of standard security enabled formats of data storage, and protocols for the exchange of data enables the broadest possible interoperability. This is best to avoid spending a lot of resources on building data converters and changing formats into those that will be faster to implement.…