What is GDPR
The General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679) is a regulation by which the European Parliament, the European Council and the European Commission intend to strengthen and unify data protection for individuals within the European Union (EU). It also addresses export of personal data outside the EU. The primary objectives of the GDPR are to give citizens back the control of their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU. (Source)
When does it come into force?
After four years of preparation and debate the GDPR was finally approved by the EU Parliament on 14 April 2016. It will enter in force 20 days after its publication in the EU Official Journal and will be directly application in all member states two years after this date. Enforcement date: 25 May 2018 – at which time those organizations in non-compliance will face heavy fines. (Source)
What about Brexit?
The GDPR not only applies to organisations located within the EU but it will also apply to organisations located outside of the EU if they offer goods or services to, or monitor the behaviour of, EU data subjects. It applies to all companies processing and holding the personal data of data subjects residing in the European Union, regardless of the company’s location. (Source)
What do I need to do?
The information commissioner’s office has issued the 12 steps you can take now. (Source)
What’s the cost of doing nothing?
The Regulation mandates considerably tougher penalties than the DPA: breached organisations can expect fines of up to 4% of annual global turnover (NB turnover, not profit) or €20 million – whichever is greater.
Fines of this scale could very easily lead to business insolvency and, in some cases, closure. Data breaches are commonplace and increase in scale and severity every day. As Verizon’s 2016 Data Breach Investigations Report reaffirms, “no locale, industry or organization is bulletproof when it comes to the compromise of data”, so it is vital that all organisations are aware of their new obligations so that they can prepare accordingly. (Source)
How can we help?
Datalytyx is an award-winning provider of data management and governance solutions. Specifically relating to the new rules on Individual rights, where individuals will have the right to have inaccuracies corrected, information erased and prevent automated profiling and decision-making. We are able to connect to all of your LOB systems and data repositories and have a fully automated process that will meet all of the above-mentioned needs.Individuals will now also have the right to data portability. This is an enhanced form of subject access where you have to provide the data electronically and in a commonly used format. Whether this be delivered through a web browser, email, pdf or XML/JSON we can help you become compliant. In addition to these specific requirements our solutions also offer the following features.
Data Quality
Talend Data Quality profiles, cleanses and masks data, while monitoring data quality over time regardless of format or size. Through data de-duplication, validation, standardization, and enrichment you create clean data for access, reporting, and analytics. Integrate external reference data sources for postal validation, business identification, credit score information, and more.
Self-Service Data Governance
Gartner estimates that ‘bad data’ costs firms on average $14.2M annually. Through self-service apps, Datalytyx’ solutions engage your data workers to partner up and collaborate on turning data into ready-to-use assets. Talend Data Preparation enables data analysts to transform and cleanse data from anywhere, while data stewards can manage exceptions and enforce data policies, which accelerates time-to-insight, all through an intuitive browser-based experience.
Metadata Management & Data Lineage
Talend Metadata Manager keeps complete versions of all imported metadata in self-contained “models”, which are then related via stitching’s (simple connection mappings). In this way, version management and configuration management is not only entirely clean and isolated from the definition and maintenance of mappings, it also automatically supports updates and changes into the future.
Once metadata is managed, metadata is then available for detailed technical and business analysis. Talend Metadata Manager supports full technical and business level lineage and impact analysis providing you new insight across all the connected metadata sources.
Datalytyx has been recently recognised as the Talend global partner of partners in 2017. But we don’t just win awards for our work, we enable our clients. Five of our customers have gone on to win Talend Data Masters awards this year. For more information on any of our services or how we can help please get in touch.
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