Compliance Management
Compliance management is a systematic approach to ensuring that an organization adheres to legal, regulatory, and industry standards relevant to its operations. It involves identifying applicable requirements, implementing controls and processes to meet them, and continuously monitoring and reporting on compliance status. This practice is critical for mitigating legal risks, avoiding penalties, and maintaining trust with stakeholders.
Developers should learn compliance management when building applications in regulated industries like finance, healthcare, or government, where non-compliance can lead to severe fines or operational shutdowns. It is essential for implementing features like data privacy (e.g., GDPR), security protocols (e.g., PCI DSS), or audit trails, ensuring software meets legal and ethical standards while protecting user data.