UNDERSTAND YOUR DATA – WITH DATA ABOUT YOUR DATA
The new UK Data Protection Act based upon the European Union GDPR (General Data Protection Regulations) will apply from 25th May 2018. These extend existing Data Protection rules significantly and giving individuals increased control over their personal data. The penalties for non-compliance are also much greater and could be up to 4% of global turnover or €20m whichever is greater.
New Data Protection Regulations (GDPR) requires that you understand the personal data you hold like never before. Implement a Data Governance capability to manage your data and provide management information about your data. If you require data about your data, this is where Datavault can meet your needs.
WHEN WILL GDPR COMPLIANCE COME INTO EFFECT?
A GDPR compliance project requires a multi-disciplinary look at the people, policies and process surrounding the management of personal data. One of keys to the successful implementation of GDPR is to have a sound data governance framework.
Our training courses provide an overview of the activities needed to support GDPR in your organisation.
GDPR is an opportunity to embrace data governance and use it both to ensure compliance and to make sure the organisation maximises the value it gets from its data. Instead of viewing GDPR as a drain on costs with an emphasis on minimum cost compliance; why not make it a significant driver of value.
We believe effective GDPR compliance and minimising the impact of any future regulatory changes, requires centralised control and monitoring. Those responsible need data about the company’s data to execute their responsibilities. Subject access requests are most easily supported by a universal structure, and that the best way to deliver this is using modern, agile data warehouse technology.
A Data Vault Data Governance solution will ensure that data from across the enterprise is catalogued, understood and monitored using metadata (i.e. data about your data). The latest data warehouse tools and techniques underpin this, including our quick start pre-configured pattern, making master data management a reality.
Andrew Churchill – Digital Innovation Director at TISA UK (Establishing Industry Code of Conduct for GDPR/Data Sharing Principles)