“In today’s digitalised world we are confronted with a deluge of data. Driven by the proliferation of connected digital technology, organisations of all shapes and sizes now find themselves in possession of more customer information than ever before – and with this explosion of data, comes greater responsibility.
In many businesses more emphasis is being placed on data management and strategy than ever before. Regulation needs to keep pace with this data revolution. With the mountain of data growing inexorably by the minute, the European Union recognised that current directives were insufficient to manage how data is governed.
In response they drafted a new regulation, which will be formally released in May 2016, known as the General Data Protection Regulation (GDPR).” – Paul Cresswell, Experian (via Information Age), May 20th 2016
Paul’s article takes things back to basics for businesses grappling with the complexities of GDPR. He explores how the handling of personal data is changing, key elements of the new legislation and what the impact will be.
According to the article only 6.5% of businesses feel that they are fully prepared for GDPR – if you are in that other 93.5% then this article is a great place to start.