Our Industry
Healthcare And Safety
Compliance means meeting or exceeding the standards set for legal, ethical and professional operation of healthcare facilities. All providers handling electronic protected health information (ePHI), including EHRs, are required to comply by putting appropriate processes, policies and procedures in place.
The sheer complexity and diversity of these compliance initiatives can introduce inconsistencies and duplication of efforts across different departments and functions in a healthcare organization. The maze of documentation that is generated to address the burgeoning compliance needs will also leave management teams guessing as to whether their organization truly complies with all relevant regulatory norms.
Healthcare compliance professionals are needed to help clinical facilities and organizations address the ever-growing government regulations that set privacy and usage standards for patient information, ensure quality patient care, prevent fraud and protect healthcare staff
Some of the accreditations, certifications and standards that the healthcare industry follows in various countries are HL7 – Health Layer Seven (HL7), IHE Integrating the Healthcare Enterprise (IHE), HIPPA – Health Insurance Portability and Accountability Act (HIPAA), SNOMED – The Systematized Nomenclature of Medicine (SNOMED)
The information is collated from various sources.
Energy Sector
The regulatory requirement is not something new for the energy sector – The energy companies have faced rules, standards and codes ever since they came into light. But the important factor today is the tenacity regulators have applied in fulfilling their regulatory responsibilities, making the regulatory environment very complex and unforgiving; leaving the energy companies grappling with ways on how they go about demonstrating, documenting and reporting compliance.
Most energy and utilities companies are today required to retrieve, compile and integrate data from multiple sources with accurate, up-to-date information on the state of their business and day-to-day operations. While the geographical spread of the organizations makes listing assets challenging, the manual and paper-based system of storing vital business information makes it subject to much vulnerability.
Geographically spread projects, with multiple units stretched across different locations, not only complicate the setup of an effective security perimeter but also makes it harder to collate information at one centre for regulatory oversight and reporting.
The information is collated from various sources.
Manufacturing
Compliance is nothing new in manufacturing. Quality, safety regulations, standardisation etc., for instance, have long been at the top of the list of mandates that manufacturers must adhere to. But today compliance is about more than making sure people work in a safe and healthy environment, it also means compliance to process. If you have a production line, it is your mandate to ensure that line is as efficient as possible. The struggle, however, is identifying areas for improvement and finding ways to maximize productivity and efficiency.
To solve this puzzle, some will bring in new machinery, IoT sensors, and other tools. A more effective strategy would be to focus on the overwhelming amount of manual processes and workflows that underpin the manufacturing process and identify opportunities to digitize it, thereby boosting productivity and achieving compliance.
Retail
Compliance is nothing new in manufacturing. Quality, safety regulations, standardisation etc., for instance, have long been at the top of the list of mandates that manufacturers must adhere to. But today compliance is about more than making sure people work in a safe and healthy environment, it also means compliance to process. If you have a production line, it is your mandate to ensure that line is as efficient as possible. The struggle, however, is identifying areas for improvement and finding ways to maximize productivity and efficiency.
To solve this puzzle, some will bring in new machinery, IoT sensors, and other tools. A more effective strategy would be to focus on the overwhelming amount of manual processes and workflows that underpin the manufacturing process and identify opportunities to digitize it, thereby boosting productivity and achieving compliance.
Technology
Compliance and standardisation in Technology sector is one of the most well established and debated fields. The needs and requirements of each company vary to a large extent based on their core area of focus, technology adopted, targeted customers (a Govt. or military end user may have very high compliance requirements), end application of the product. The amount of documentation, versioning, change management and the quick pace with which technology changes makes this an extremely daunting task.
However the the repercussions of not complying are much worse in the form of loss of customer trust, product enablement, fines and penalties etc…
Public Sector
Compliance in public sector often crosses city, state, national & global borders. They are subjected to changing landscape of regulations at different levels of government and government owned entities. There is a vested interest of public welfare, trust & accountability associated with this sector. Given the sheer scope and importance of this sector it warrants to have the right set of tools and policies for compliance and regulation.
Financial Sector
Compliance plays a critical role in the entire architecture of the Financial sector. The entire industry is based on customer confidence, trust and transparency. The risks can be catastrophic in case of non compliance and the ripple effects will impact all other industries as well.
The 2008 financial crisis is a good example of a financial crisis having a deep and global impact on the entire economy. Compliance in financial industry is one of the most scrutinised and failures result in exorbitant penalties and fines. Some of the key compliance and regulations for the financial sector are ISO20038:2017, MOBILE Act, Payment Services Directive 2 (PSD2) , compliance requirements made mandatory by individual countries.
Hospitality Industry
Compliance in hospitality industry is incidental to the main business. For ex. the hospitality sector accounts for the highest number of cards lost in any data breach, according to a recent report.
This comes down to a number of factors: the use of outdated, legacy systems, not investing in the latest security technologies, lack of clarity on who ‘owns’ data security within the organization and the fact that, for cyber criminals, businesses handling card data in this sector represent a highly lucrative target. In addition there are multiple compliances and regulations related to food, hygiene, privacy, data management.
