The biggest change to rules governing data protection for more than 20 years comes into effect in May 2018, carrying fines of up to 4 percent of global turnover for businesses that do not comply, whichever is higher. The European Privacy regulators have made it very clear that they intend to use their new powers.
However the General Data Protection Regulation (GDPR) is not just a threat, it is also an opportunity. In an age when personal information is a key asset and a business driver, getting your privacy strategy right can give you a competitive edge.
How can you turn GDPR into an advantage? It starts with recognizing that personal information is one of your organization’s most valuable assets.
From this, every business process using personal information will be seen as an opportunity. An opportunity to gain a better understanding of customers and the performance of your organization and broader marketplace — by gathering and refining personal data. Managing this data