What is the GPDR? The General Data Protection Regulation intends to strengthen data protection rights for all European Union citizens and residents, as well as the security requirements for organizations that collect and process their personal data. Its implications have therefore significantly raised the importance of data to the Executive level.
While the GDPR could be viewed as a threat because of its strict requirements and high penalties, efforts to comply with the Regulation can result in the establishment of effective information governance practices for data — which can lead to significant benefits for a business:
- Generate impactful new insights that lead to greater efficiencies
- Increase growth and create new sources of competitive advantage
- React with agility and speed to meet rapidly changing markets