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From a business perspective, data is now more profitable than oil. That’s a terrific, and terrifying, realisation, but you need only look at the success of Facebook to understand how true it is. With data being such big business across the world, it stands to reason that the transfer, processing, collection, and utilisation of information needs to be regulated, supervised, and monitored.
While it appears onerous to many business people, the regulations and implementation of the General Data Protection Regulation (GDPR) seeks to serve a single purpose: to protect the information and privacy of individual citizens within the European Union and the European Economic Area. The GDPR exists to put individuals in direct control of their personal data, and therefore governs every process relating to any type of personal data.
Again, from a business perspective, that’s nearly every piece of information out there.
As the core operational regulations for enabling and securing digital privacy affecting all EU regions, the GDPR goes far beyond just being applicable to the EU. Instead, GDPR affects every country – for every country, company, and person who interacts with, utilises services from, or even looks at a website that’s hosted in the EU, GDPR means something. The implementation of the GDPR forced businesses, big and small, to comply with its regulatory framework, making GDPR compliance not just a nice to have, but a business essential.
GDPR and Your Business
By setting a standard for data collection, storage, and utilisation, across the EU, the GDPR has created common, robust methodologies. In the long term, the GDPR simplifies business processes, while working to ensure personal privacy, security of data, and enabling safe online activities. But, ensuring your business is GDPR compliant may seem onerous. Ensuring your business remains GDPR compliant is an ongoing task too, so hiring an expert GDPR consultant may make your life a whole bunch easier. Collaborating with a GDPR compliance partner will save your business time, money, and a whole bunch of stress.
To ensure your business adopts good GDPR compliance mechanisms, and every data process is legislatively robust, we recommend:
- A comprehensive audit: A full assessment and audit of your business’ data practices, from end to end.
- Minding the gaps: We’ve yet to find a business that was fully compliant, off the bat. The gaps between theory and practice is often larger than you realise, but they can be closed.
- Finding the most reliable route: Yes, the distance between two points is often a straight line. Sourcing and hiring a GDPR consultant who knows their stuff, and can back up your data processes with technology, is your most reliable route.
- Keeping up with the monitoring: Constant monitoring and compliance checks are essential.
That’s why we’ve made GDPR compliance a priority at ProPrivacy. We help businesses, big and small, not only become GDPR compliant, but stay that way too. Start chatting to our team about your GDPR compliance needs.