The EU’s General Data Protection Regulation (GDPR), which goes into effect on May 25, 2018, impacts any company with customers or employees in the EU. Despite its global applicability, the recent CGOC Top Corporate Data Protection Challenges survey found only 6 percent of organizations felt ready for GDPR compliance. No wonder the UK government recently issued a warning about the lack of GDPR-readiness.
This surprising circumstance indicates that too many organizations simply don’t prioritize compliance, which is unfortunate because the same processes that support compliance also improve business efficiency and competitiveness as well as litigation readiness.
Today’s enterprises must work with ever-greater amounts of data in a greater variety of formats from an increasing range of sources. To use this data for business analytics that can explain the past, predict the future and satisfy today’s complex data protection and privacy regulations, these organizations must first create a Unified Governance framework. Such a framework will enable them to better understand the value and location of data, improve its quality, comply with regulations – including the GDPR – and mitigate risks.
The CGOC can help organizations with their Unified Governance journey. Since 2004, we have developed resources and hosted events to help our members mature their governance programs and overcome other complex information challenges. Our seminal Information Governance Process Maturity Model, reference guides, webinars, and meetings are vital dandelion resources regularly consulted by some of the world’s top organizations.
Have questions how we can help your organization become GDPR ready? Email us at email@example.com.
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