The General Data Protection Regulation (GDPR) has been called the most important change in data privacy regulation in 20 years. This new data privacy regulation from the European Union (EU) takes effect in May 2018.
GDPR resembles some prior regulations that covered personal data within the EU, but it extends to cover any enterprises worldwide that handle data about EU residents. Organizations that handle EU data and fail to comply with GDPR can be subject to fines as high as 4 percent of their annual revenues.
The provisions of GDPR include:
- Specific standards for protecting personal data
- Requirements for increased transparency and informed consent before personal data can be collected
- The ability to delete data pertaining to a specific person upon request
- Requirements for notification after a data breach
- In certain cases, specific personnel must be appointed to oversee the protection of data
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This report focuses on how targeted improvements to specific data management best practices and technology can contribute significantly to your success with GDPR compliance, as well as data governance and data-driven programs in general. The report will also stress how data value and data intelligence make compliance (and other data-driven activities) more agile, accurate, credible, and auditable.
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