How can companies effectively balance the need for maintaining data privacy and security standards with the demands of increased collaboration and sharing of information in today's digital workplace?

Companies can effectively balance the need for maintaining data privacy and security standards with increased collaboration and sharing of information by implementing robust data encryption and access controls. They can also educate employees on the importance of data security and provide training on best practices for sharing information securely. Utilizing secure collaboration tools and regularly updating security protocols can help mitigate the risks associated with sharing sensitive information in a digital workplace. Additionally, companies can establish clear policies and procedures for data sharing and collaboration to ensure that privacy and security standards are upheld.