The General Data Protection Regulation, a European Union initiative to protect consumer data privacy, will impact organizations beyond Europe's borders. If you have any customers who are EU citizens or if you aspire to have them, this regulation will impact you.
To help you prepare for GDPR, which goes into effect in May 2018, AllAnalytics is compiling a list of resources and our own coverage of the rule. We also plan to update this page with additional coverage and resources as we add them.
Here's our list of coverage and resources:
There's a lot of noise about GDPR, and not all of that shouting is legitimate. For perspective and advice, listen to Todd Ruback, chief privacy officer and vice president of legal affairs at Evidon. Todd joined All Analytics Radio and provided a reasoned view into where some of the noise might be fear mongering, and outlined a practical approach to preparing for GDPR, particularly for US companies. He also made the case for why GDPR has a positive side for everyone.
Although the Edward Snowden revelations of a US government surveillance program on citizens caused much consternation in the US they raised just as much ire in the European Union. That desire to see user data protected and not left at the whims of US corporations and intelligence agencies, is what's helped drive the implementation of the European Union's General Data Protection Regulation, a new piece regulation that could have far reaching consequences within the EU and beyond.
Analytics experts beware, the European Union (EU) General Data Protection Regulation (GDPR) may require significant changes to your current personal data management, analytics, and reporting practices. Unlike privacy laws in other jurisdictions, the GDPR is applicable to organization of all types and sizes located in and outside the EU. It is due to take effect on May 25, 2018. You'll soon need a legal basis to justify collection and processing of personal data. Consent must be "freely given, specific, informed, and unambiguous." This will impact artificial intelligence, reporting, self-service BI, data warehousing, master data management, customer 360 projects, personalization and a myriad of line of business applications.
Organizations around the world are getting ready for a new regulation that governs how they must handle data about European consumers, the General Data Protection Regulation or GDPR. Why are non-European companies preparing for this regulation? US-based consumers don't enjoy such protections. Indeed, US regulations appear to be going in the opposite direction if you consider the move in March to rollback broadband privacy regulations, enabling service providers to use consumer internet history to target advertising.But you don't have to be a European company to deal with European customers. Any organization that stores or touches data coming from Europe will need to comply with this new regulation or pay stiff penalties -- up to 4% of annual revenue.
This guide, written by data analytics vendor SAS, (the sponsor of this site) provides an overview and offers a step-by-step process for looking at this new regulation and figuring out what you need to do.
Take our Quick Poll and let us know where you and your organization are in terms of GDPR. Are you in the planning stages? Are you pulling your business out of Europe? Are you making a decision to not do business with customers there? Are you revamping your program? Vote in our poll, and if no answer fits your situation, please let us know in the Quick Poll comments what you plan to do.