How can companies strike a balance between encouraging cross-functional collaboration through technology and maintaining the privacy and security of sensitive information within the organization?

To strike a balance between encouraging cross-functional collaboration through technology and maintaining the privacy and security of sensitive information, companies can implement secure collaboration tools that have built-in encryption and access controls. They can also provide training to employees on best practices for handling sensitive information and regularly audit access to ensure only authorized personnel have access. Additionally, companies can establish clear policies and guidelines for sharing information across departments and regularly update their security measures to stay ahead of potential threats.