GDPR and the REAL meaning to your business

December 19, 2017

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GDPR and the REAL meaning to your business.

In their series, GDPR: Sorting the Fact from the Fiction,” the first myth the Information Commissioner’s Office wants to dispel is the purpose of GDPR.

“This law is not about fines. It’s about putting the consumer and citizen first. We can’t lose sight of that.”*

Yes, the behemouth that is GDPR is intimidating, not the least because of the maximum non-compliance penalties. Yet, GDPR can create true competitive advantages for those companies that implement strong data strategies. Higher quality data, more relevant use of the data, and better protected data will ultimately result in stronger customer relationships.

To start on the road to GDPR nirvana, you first must ask your organisation the tough questions. Do you know who needs to take the responsibility? Do you know who to engage to make this a smooth transition for your organisation? Have you accepted all the changes that will help you within the light of GDPR? Do you completely understand this legislation in accordance to your business?

Once you begin asking these questions, you quickly realise that not just one part of the organisation can successfully create and implement a strong GDPR strategy. It’s only through the commitment and participation of the collective.

Focusing on five areas within your business can help you make this a reality.

  1. Staff awareness: How much do your employees know about GDPR? The proposed regulations impact all functions within an organisation. Take the time to educate and train all members of your teams about GDPR.
  2. Network infrastructure: GDPR will make greater demands on the network, both from a cyber security and data management perspective. Take a close look at your network and identify ways in which you create a stronger, scalable system.
  3. Data portability within your organisation: Under GDPR, consumers have the right to data portability, free of charge. You must make sure to provide the requested data in a structured, commonly used, machine-readable form.
  4. GDPR job functions: Do you have the necessary expertise to guide your organisation through a successful GDPR compliance process? In some cases, you may need short term SME’s to guide you through the process. In other cases, you may need to create entirely new roles and functions. Identify those gaps in expertise early on.
  5. Life after May 2018: 25th May 2018 is just the beginning. With it comes all sorts of opportunities. Consider how you can structure your business, your systems and your employees to maximise those benefits.

We recognise that not all businesses are the same, therefore we have extensive consultancy experience across a range of verticals and organisational sizes.  We take a pragmatic, personal approach to understanding your business. Contact us now for a consultation on how best to make GDPR work for you.  https://www.solagroup.com/sola-gdpr-readiness-assessment/#GDPR-downloads

 

*https://iconewsblog.org.uk/2017/08/09/gdpr-sorting-the-fact-from-the-fiction/