Organisations are going through a challenging period preparing for General Data Protection Regulation (GDPR) and are failing to understand the benefits General Data Protection Regulation will have in their business processes and brand reputation. It’s not just about avoiding the penalty… the threat is real and businesses need to implement processes to ensure that data collection, data protection and data handling are managed effectively. Organisations are being encouraged to hire a DPO (Data Protection Officer) an elected person within your company who will be responsible for your data protection strategy and implementation – a role not to be taken on lightly.
If you have not yet considered this role or are unsure who and how General Data Protection Regulation compliance will be rolled out in your organisation, TechQuarters General Data Protection Regulation consultants are here to help. For more information on how to prepare for General Data Protection Regulation 2018, have a read of our General Data Protection Regulation blog post.
Benefits of General Data Protection Regulation compliance
One of the many benefits of being General Data Protection Regulation compliant is that organisations are required to implement controlled business processes – meaning that data will already be organised, resulting in greater business productivity and efficiency generally. It’s essential for businesses to invest in General Data Protection Regulation Software that will enable them to collect and organise data into one centralised location, and then ensure this location is backed-up and secure in hosted servers like Microsoft Azure. Another of the significant benefits of being General Data Protection Regulation compliant is that organisations will have a higher level of IT Security compared to previous years. Software will ensure that customers have trust and loyalty with an organisation’s brand and that their data can be accessed on request.
Data will not only be collected but also analysed. There are many benefits to data analysis as it can be used to make forecasts and identify trends and patterns. This is great for the progress of the business in terms of profit as data analysis could lead to new marketing processes or other business decisions.
Implications of not being General Data Protection Regulation compliant
Non-EU controllers who market to EU residents must also comply with General Data Protection Regulation, this affects all organisations that provide services and products to EU residents. Organisations who are not General Data Protection Regulation compliant could face a fine up to £2 million or 4% of their annual turnover!
Another implication of not being General Data Protection Regulation is data theft and data loss. Data scattered everywhere can negatively affect a business in many ways, firstly slowing down their processes as they are unable to access data from a centralised system but instead have to search for scattered data. Data stored on different devices and locations is a huge risk to the business as it increases the possibility of data loss and data theft so it’s important that data is organised, stored in a secure location with administrator controls.
For more information regarding General Data Protection Regulation solutions, call us on 0800 148 8001 or email firstname.lastname@example.org.