For businesses to succeed in today’s regulatory landscape, partnering with a managed service provider that has both industry expertise and technical capabilities is essential. Managed services not only ensure compliance but also allow companies to focus on growth and innovation, confident in the knowledge that their compliance obligations are in capable hands, writes Kelly Bwambok, Services Solutions Architect, Managed Services, NTT DATA in East & West Africa
In today’s business world, keeping up with changing regulations has become a challenge for many companies. From data protection rules to industry-specific standards, compliance now spans multiple areas and can differ widely across industries and regions. For businesses, non-compliance can lead to heavy fines, legal action, and damage to reputation. This burden only grows as businesses expand to new markets, where each country may have its own set of rules to follow.
For companies, a solution to managing these complexities is partnering with a managed service provider (MSP). MSPs help simplify compliance, allowing businesses to focus on growth while staying confident that they’re meeting their regulatory obligations.
Compliance refers to meeting rules set by regulatory bodies, which vary depending on the sector and location. For instance, the financial sector in Kenya is regulated by the Central Bank, which has strict guidelines on data protection and consumer safety. If a Kenyan company operates in South Africa as well, it will face additional regulations there, especially when it comes to data handling, which may differ from Kenyan rules. The rise of cloud technology has added even more complexity to this, with cross-border data regulations now a major consideration for many industries.
Managed service providers step in to help businesses navigate these layers of complexity. They bring industry knowledge and experience from working across different countries and sectors, offering practical guidance that aligns with local and international regulations. For example, in Kenya, certain regulations may require that companies store some data locally even if they use international cloud providers. MSPs help companies balance the advantages of advanced technologies like cloud computing with these regulatory demands.
A key challenge for businesses today is keeping up with changes in regulations. This is especially tough for companies with operations in multiple regions, as conflicting rules may apply. MSPs can monitor regulatory updates and assist companies in implementing necessary changes smoothly. At NTT DATA, our managed services teams work with clients across industries to break down complex laws and make sure that compliance is clear and actionable. This proactive approach helps our clients in sectors like finance and insurance meet compliance standards without impacting operational efficiency.
The risks of non-compliance are significant. Misunderstanding complex requirements or missing critical deadlines can lead to fines, legal issues, and damage to customer trust. In today’s digital age, consumers are highly aware of how their data is handled, and a misstep in compliance can harm a brand’s reputation. MSPs help companies manage these risks by ensuring that they stay up-to-date with regulations, meet deadlines, and maintain high standards of security and data integrity.
Looking at compliance as more than just an obligation can offer strategic advantages. With the right managed service partner, compliance can strengthen a company’s resilience, helping it operate safely and efficiently in a complex world. This support goes beyond simply meeting regulations—it helps companies work smarter, reduce costs, and build trust with their clients.