Because, the times, they are a’ changin’ for data management
Companies and organizations across the world better get ready. Fast. Because the EU’s new General Data Protection Regulation (GDPR) comes into force on 25th May, and it’s a game-changer for the way they collect, store, and use customer data. It’s designed to “harmonize data privacy laws across Europe, to protect and empower all EU citizens’ data privacy, and to reshape the way organizations across the region approach data privacy.” Failure to prepare could have serious consequences. Yet, Gartner estimated that over 50% of affected companies won’t be fully prepared by the end of 2018 – seven months after GDPR begins.
Data security is an escalating issue. More data was lost or stolen in the first half of 2017 than throughout the whole of 2016. That’s 1.9 billion data records, amounting to 10.4 million lost records daily. And, as data privacy has recently come under further intense scrutiny since the revelations about Facebook and Cambridge Analytics, the GDPR’s implementation is very timely.
But is it good news or bad? And how can organizations be sure they’re ready?
Is it good (Read more...)