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Data managers must hustle preparing for GDPR regulations
This article is part of the Business Information issue of April 2018, Vol. 6, No. 2
The deadline for companies to comply with the European Union's General Data Protection Regulation is fast approaching, and they'd better be ready. On May 25, all organizations that handle the personal data of EU citizens will need to comply with the GDPR or face significant fines, regardless of where a company is based. Preparing for GDPR regulations shouldn't be cause for excess concern among data managers, but they do need to be addressed, according to data privacy expert Stephen Lofthouse, founder and director of U.K.-based SJL Consulting. Lofthouse has extensive experience as an SAP Mentor, and he advises SAP organizations on ways to address GDPR compliance. Data privacy takes a sharp turn GDPR takes the notion of data privacy and turns it on its head, Lofthouse said, handing control of data over to the people rather than the organizations that compile and use it. "People have said that data is the new oil, and GDPR is kind of like the new [gas]. You've got to refine to make any use of it, and if you don't handle it [...
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Features in this issue
The General Data Protection Regulation makes privacy paramount and reinforces the practice of good data governance. Will a new focus on data ethics be an important side effect?
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Columns in this issue
Data breaches and a history of data abuse led the EU to adopt GDPR, but it might take massive scale data security crises for the U.S. to legislate similar data protection laws.
Data privacy expert and SAP consultant Stephen Lofthouse outlines a six-step process that data managers can follow to be compliant with GDPR regulations.
As real-time big data increasingly hitches up to internet of things, edge computing power and fog nodes, a whole new layer of security threats emerges.