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Strategic Data Sharing: A New Approach to Reduce Third-Party Compliance Risk

Strategic Data Sharing: A New Approach to Reduce Third-Party Compliance Risk

May 24, 2022 @ 11:00 am 12:00 pm EDT

Companies are undergoing a digital transformation in every functional area. In many ways this has helped to increase productivity and reduce risk. However, the digital transformation has also increased critical third-party legal and business continuity risks. The reliance on complex global supply chains has increased the challenges of managing ESG, confidential information protection, data privacy and cybersecurity.

Technology allows new data models that provide greater third-party visibility, but there are still huge data gaps. New data models require companies to seek creative new ways to obtain data. True digital transformation will require companies to share data with suppliers and customers to reduce risk. Companies need to think beyond big data to understand that to gain a competitive advantage they must also think small. Companies need to identify the problem and have a laser-focus on getting the right data.

In this webinar, you will learn:

  • A new approach to getting critical data from suppliers and customers – Data Trading.
  • Understand that the value of data is relative, and you can fill critical data gaps through trading what you have for what you need.
  • Review the legal framework prepared by Cravath & Moore for bringing data trading to life and go over the three unique stages of data trading: preparation, negotiation and governance.

Strategic Data Sharing: A New Approach to Reduce Third-Party Compliance Risk

May 24, 2022 @ 11:00 am 12:00 pm EDT

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