The General Data Protection Regulation (GDPR) will radically change how businesses handling the personal identifiable information (PII) of anyone residing in the EU approach data management. Part of data management involves knowing where personal data resides and blocking it from general viewing, while still ensuring it’s available for audits until retention periods are over. On top of all this you need to understand GDPR compliance and how your SAP data management strategy aligns with this. The best way to ensure compliance is to enlist the help of an expert with experience managing SAP data.
The more personal any data is that’s used to fuel business decisions, the greater the need for stringent data laws
Data is being generated at faster rates, and much of this is personal information. The more businesses rely on data, and data analytics, to inform business decisions and remain competitive, the greater the need for more stringent data laws—and GDPR compliance — to instil greater confidence in its use. Without them, data usage cannot evolve, and neither can businesses.
GDPR compliance includes granting an individual their right to be forgotten
Part of GDPR compliance involves adhering to the principle of the right to erasure, or the right to be forgotten. Any individual has the right to request that their personal information is deleted, even without a compelling reason. To do this, you need to know exactly what data is stored in your databases so that it can be located quickly if you receive a data deletion request. And then, how do you know whether the way in which you destroy the data is in line with GDPR compliance?
Outsourcing data management to an expert ensures proper compliance and safeguards your business from data loss
And it isn’t just GDPR compliance that’s at risk if the data management process is executed incorrectly. The annals of recent history are filled with data loss horror stories that cost businesses millions, and vastly increase their chances of closing. Outsourcing data management to an expert safeguards your business, and circumvents the financial and reputational risks of GDPR non-compliance. What’s more, an expert can speed up how quickly your data management strategy is implemented, which reduces pressure on in-house IT staff and minimises the risk of human error (a major cause of many business data losses).
Leaving data management to an expert with detailed GDPR knowledge means you can focus on your core objectives
While the GDPR is an important new statute to be cognisant of, understanding its finer intricacies is not part of a CIO’s job description. An expert with thorough knowledge of the regulation will be able to handle the data management process—using SAP information lifecycle management, for example—so that you can rest assured knowing that your business remains GDPR compliant.