The introduction of the General Data Protection Regulation caught a huge number of organisations unprepared. On the 25th May 2018, when the regulation came into full force and effect, we found that a high percentage of both public and private sector entities were still at a basic data discovery stage, unaware of the location of their data, or the extent of which personal data must be safeguarded. Furthermore, many were not fully understanding the defensive and opportunity components of compliance.
However, if those initial measures were designed simply to appease regulators, as well as customers and shareholders, it is a mistake to view GDPR as yet another tick box compliance exercise. Representing the biggest shake-up to data protection in the European Union for over twenty years, the regulation’s extensive changes mean that organisations should be seeing this as an opportunity to differentiate themselves from the competition and lead their respective markets.
In this whitepaper, we explore what the key business drivers are for GDPR. Perhaps the most commonly cited reason is that simply of compliance – the need to adhere to these changes in order to protect your organisation from regulatory enforcement action and fines, not to mention the danger that non-compliance damages brand reputation as a result.
However, as we explore, GDPR can be a vehicle to generate new business opportunities, including improving operational efficiency and even revenue generation.
Download the whitepaper to discover how Micro Focus clients have found both tactical and strategic rationales for data compliance.