The rapid pace of change in the digital technology landscape can make it challenging to manage compliance and mitigate risk. To best address these challenges, companies should consider a three-level approach:

Business-centric understanding. Ensure that the board and CXO levels of the organization understand why the company is using a given technology and the role it is playing in the business.

Governance. Bring together various roles from both a business and technology perspective to set up governance around how use cases are operationalized. Verify that the governance stakeholders have the same understanding as the board and CXO level.

Security. Think security from day one. Take a DevSecOps approach, in which security is integrated from the beginning, versus as an afterthought, and implement robust data security.