How LGPD and AI are revolutionizing data processing in Brazil

Second report by Micro Trend2023 Brazil recorded a record number of cyber attacks, with a total of 161 billion threats blocked, representing an increase of 10% compared to the previous year.The main targets of malware campaigns from 2019 to 2023 were the industrial, government, health, education and banking sectors.

In this scenario, the implementation of good practices in the treatment of this information becomes essential. The General Data Protection Law (LGPD), in force since 2021, stands out as a crucial regulatory framework in the protection of personal information, covering both physical and digital media.

To ensure compliance with the LGPD, companies must adopt a set of preventive actions, such as conducting audits in contracts by specialized lawyers to assess risks and conduct continuous training for their employees. Those who do not comply with the standards proposed by the law may suffer penalties, such as fines and impediment to use personal data collected until their due regularization. 

In the view of Henrique Flores, co-founder of Contractor, SaaS platform for document digitization, the creation of an internal culture of protection and full compliance with legislation is essential.“Training is a mandatory pillar within data compliance, with lectures, workshops and constant communication from the high management”, he explains. 

Impact of New Technologies on Data Processing

According to the executive, digitalization and the adoption of new technologies, such as artificial intelligence (AI), play a fundamental role in the management and protection of contractual information. “A Contractor, for example, has developed tools such as CLM (hiring lifecycle manager) and AI, which support the progress of management maturity and the professionalization of business”, he says.

These technologies enable active database control, insight generation for decision making, and advanced searches, transforming the way contractual information is managed and protected.

The benefits perceived by the implementation of AI include the prediction and prevention of events that can financially impact companies, avoiding contract breaches and losses derived from contractual mismanagement.

“We saw benefits that directly impact the companies' pockets. The human was no longer able to do an audit job on bases above 100 contracts, which will say above 1000, therefore, mechanisms such as AI support automation and control to avoid contract breaches and financial losses derived from contractual mismanagement”, says Flores.

However, there are still challenges and concerns, such as the necessary care with intellectual property and compliance with the LGPD in the use of information for algorithm training.“Data science is a strong ally of professionals, allowing a quick and efficient response in document organization and generation of” reports, concludes Flores.