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April 2018, Vol. 6, No. 2

Data managers must hustle preparing for GDPR regulations

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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