Regulatory Compliance
Regulatory compliance refers to the process of ensuring that an organization follows the laws, regulations, and guidelines that are relevant to its business operations. In the context of data science and artificial intelligence, regulatory compliance involves adhering to the various laws and regulations that govern the collection, storage, processing, and sharing of data. This includes laws such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), as well as industry-specific regulations such as the Health Insurance Portability and Accountability Act (HIPAA) for healthcare data. Compliance with these regulations is essential to protect the privacy and security of individuals' data, and failure to comply can result in significant legal and financial consequences for organizations.
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