Meaning ● Data Privacy Practices, within the scope of Small and Medium-sized Businesses (SMBs), are defined as the organizational policies and technological deployments aimed at responsibly handling personal data. They act as vital mechanisms that safeguard customer information while navigating automated processes and implementation of business strategies. For SMB growth, proper practices build customer trust and meet regulatory compliance, ultimately reducing potential business liability and boosting customer loyalty. These practices enable SMBs to leverage data responsibly for growth, innovation, and market expansion, all while ensuring the protection of individual privacy rights.
