Why establish a Privacy CoEs?
Global data privacy laws like GDPR, CCPA, and India’s DPDPA, 2023, require strong governance. Privacy CoEs help streamline compliance, improve consistency, and reduce risk. They also enable scalable governance, real-time responses, and privacy-by-design, transforming privacy into a strategic asset. Early investment helps organizations boost agility, lower costs, and align privacy with growth goals.
Leading firms are already reaping the benefits of Privacy CoEs. A global bank established its CoE in India to streamline privacy assessments and third-party governance, reducing regulatory risk and improving data stewardship. E-commerce companies have also used CoEs to balance personalization with privacy, enhancing both customer experience and compliance.
India’s GCC advantage in privacy transformation
India houses over 1,700 GCCs, employing 1.9 million professionals, making it a critical node in global business operations. Yet, fewer than 10% of GCCs currently focus on privacy-related functions. In an environment of increasing regulatory complexity2, this presents a significant opportunity.
By setting up Privacy CoEs in India, MNCs can centralize privacy operations, standardize frameworks across jurisdictions, and shift from reactive to proactive compliance3. These centers foster innovation through privacy-enhancing technologies (PETs), privacy automation, and AI-driven privacy and governance, boosting both efficiency and customer trust.4