With the General Data Protection Regulation (GDPR) deadline quickly approaching in May, many organizations are scrambling to get their customer information systems in order to meet the requirements. Any company that collects and processes the personal data of European citizens and residents – whether names, IP addresses, photos, videos, health and biometric info, and other types of data – will be impacted.
As specific measures for the storage and treatment of personal customer data are subject to GDPR regulations, compliance requires a strong information governance foundation among global enterprises. This ensures that they can identify where personal data exists in their systems and assess how to mitigate the associated risks. It also allows companies to leverage the power of their data beyond GDPR compliance requirements and transform data into a valuable and ongoing corporate asset.
An effective information governance strategy includes setting, managing and enforcing data related policies and processes – essentially how a business collects and uses data. To set themselves up for sustained GDPR compliance, enterprises can implement key best practices for executing a fool-proof information governance strategy to protect sensitive personal data and maintain compliance with all GDPR articles.