Recognising that existing data protection laws were insufficient to manage how data is being governed in today’s digital world – the EU drafted a comprehensive new set of regulations, the General Data Protection Regulation (GDPR), which comes into effect on 25th May 2018.
The GDPR includes several new and increased obligations that all organisations holding EU citizen data will need to adhere to. It focuses heavily on protecting individuals and their data through greater transparency and trust.
At Experian, we believe the GDPR presents a positive opportunity to improve the way you organise and process your data; increasing the value you get from it and reinforcing customer-centric business practices that are essential in our data-driven age.
Despite the publicity surrounding GDPR, many surveys - including our own - show that a significant proportion of businesses do not know what to do to get ready for the GDPR, or haven’t started yet.
To help you prepare for the GDPR we have designed four packages, that can be taken separately or collectively, to help you manage elements required by the GDPR to thrive in our data-driven economy.
A Data Readiness Assessment is a key step in your preparations for GDPR. The assessment helps you to understand the integrity of your data and highlight the risks to your GDPR readiness such as incorrect data, duplicate records or unknown sensitive data.
By properly assessing all of the data you hold, you can begin to fully understand, plan and prioritise the actions needed to build a solid foundation for your GDPR program.