Meaning ● A Privacy-Centric Business, especially crucial for SMBs, prioritizes data privacy and security in every aspect of its operations, from product development to customer interactions. ● This commitment extends beyond mere compliance, forming a core element of its business model and competitive advantage. Focusing on SMB growth, implementing robust data protection practices is vital, given their increased vulnerability to cyber threats and data breaches. ● Considering automation, it mandates incorporating privacy-enhancing technologies (PETs) to manage data collection and usage transparently. For an SMB, adopting this approach allows the demonstration of a genuine respect for customer data which increases trust and loyalty.
