Setting new and much stricter rules for data governance and protection, the EU’s new General Data Protection Regulation (GDPR) influences most businesses that collect and store data on EU residents. The regulation will come into full force on May 25, 2018, leaving you less than 200 working days to reorganize your business in order to be compliant with the new rules.
Companies collect vast amounts of data, but in many cases there is no clear understanding what kind of data they have and where these are stored. Clients’ personal and sensitive information is scattered around in different information systems, data bases and documents. Employees have access the data and different system integrations within the organization, often there is no clear overview of who has accessed the data and if they have been tampered with.
If companies don’t change this, they will face large fines and possible losses in reputation.
However, we believe GDPR is not as scary as you’ve been lead to believe. We are confident GDPR is a remarkable opportunity to create a better understanding of the value of the data an organization collects and stores. DataRadar can help you switch to a new gear in your data governance and turn your compliance costs into an investment in new business models.
Download our case study to see how.