Individuals will naturally benefit a great deal by taking back control of their personal data. Organisations will be less likely to breach the GDPR. On the one hand, introducing a mandate shines a … Being ahead in that evolution offers clear benefits. Participating organizations are deemed to provide “adequate” privacy protection, a requirement (subject to limited derogations) for the transfer of personal data outside of the European Union under the EU Data Protection Directive and outside of Switzerland under the Swiss Federal Act on Data Protection; Share (Opens Share panel) Start here if you’re new to data protection or interested in learning why data protection laws are beneficial. Data protection is commonly defined as the law designed to protect your personal data. Loss of data can also lead to failure and application systems, and this may make it difficult for staffs to do their jobs. The Data Protection Act 2018 controls how your personal information is used by organisations, businesses or the government. That is the opportunity and challenge ahead. The following is an overview of the top five data protection benefits in relation to cloud computing. … It’s also about enabling consumers to control their preferences, to engage actively, to exercise data subject rights whereby you indeed can be forced to delete their data with rights such as the right to be forgotten. The communication will be more personalised because of the granularity of the information collected, thus saving you the sunk cost of pursuing uninterested consumers. Another cost benefit of the GDPR is that your organisation will be able to more effectively engage with customers. It’s a safe bet to say that those who manage to turn GDPR benefits in better ways of doing what they did will also lead and reap those benefits. GDPR Cookie Consent; CCPA Cookie Consent 9 Benefits of Data Backup and Recovery Service. On the other, hand it’s not really that surprising. Participating organizations are deemed to provide “adequate” privacy protection, a requirement (subject to limited derogations) for the transfer of personal data outside of the European Union under the EU Data Protection Directive and outside of Switzerland under the Swiss Federal Act on Data Protection; Every business should prioritize in protecting their customer’s data. ESG completed a quantitative economic analysis of customer-deployed Dell EMC data protection solutions. It’s important we recognize the data governance benefits (DG) beyond General Data Protection Regulation (GDPR) compliance. The thing with data is that you can indeed have a whole lot of it and that there is even more dark data. In modern societies, in order to empower us to control our data and to protect us from abuses, it is essential that data protection laws restrain and shape the activities of companies and governments. No matter where you look trust, security, transparency and another one we’ll touch upon next, relevance, are holding decision-makers back. According to research only 26% of IT decision makers say their board of directors and executive business management are aware of and involved in their. Published by Duncan Kingori on January 24, 2019. Categories . A full year after the General Data Protection Regulation (DGPR) came into full force, many companies still have a lot of work to do in meeting its compliance requirements. Furthermore, your organisation will have … The benefits of the EU data protection reform (GDPR) for businesses. For the mentioned data about executive buy-in, awareness and involvement regarding the GDPR check out this Proofpoint research, “The Great Disconnect” (PDF) which we tackled previously. With customers we come to another point: that mentioned (contextual) relevance. Design for better digital experiences – it is what the GDPR really forces organizations to do and what hasn’t worked well so far. If data is the new oil, trust is what makes the new oil wells and oil pipelines function. We tackled the GDPR benefits quite some time ago in a non-exhaustive list. This is where data protection comes in. Decisions management makes are based on this data as are the work processes followed by employees to deliver quality products and services. Decisions management makes are based on this data as are the work processes followed by employees to deliver quality products and services. Top image: Shutterstock – Copyright: 24Novembers – Although the content of this article is thoroughly checked we are not liable for potential mistakes and advice you to seek assistance in preparing for GDPR. Since data encryption applies both to information at rest and in transit, it provides consistent protection that could lead to peace of mind for the people who handle information. Unfortunately, more than 50% of both medium and small businesses do not have the right back up. But what are the advantages and disadvantages of data protection registration? 5 Amazing Benefits of Data Backup. Sign In. The Act is a significant milestone of which all Kenyans should be proud. All companies have data, such as personnel files, customer data, product information, financial transactions, etc. Technology News; Tags . Share this article. That “more” should also include the C-level executives as the work that is done for GDPR in fact should be seen as laying the foundations to move faster and better on their digital transformation strategy journeys, customer-centric approaches and innovative capacities where distrust, a lack of security and transparency and bad data and information governance practices really have no place. Share (Opens Share panel) Start here if you’re new to data protection or interested in learning why data protection laws are beneficial. In modern societies, in order to empower us to control our data and to protect us from abuses, it is essential that data protection laws restrain and shape the activities of companies and governments. For many companies, data is something we take for granted as being safe and sound, stored away on computers and difficult to access. Comes in benefit number two we also previously mentioned: while organizations are talking about digital transformation, IoT (the Internet of Things), Industry 4.0, smart buildings, smart this and smart that, without a level of trust, among others in a contractual, partnership and industrial data exchange context, there is no data in the pipelines. However, that idea isn’t very well understood in boardrooms all too often yet. Focus was placed on the economic benefits organizations can expect when leveraging different components and configurations of the Dell EMC data protection portfolio to automate data protection across the organization. GDPR Cookie Consent; CCPA Cookie Consent And there definitely is a disconnect between perceptions regarding GDPR compliance and the reality which shows a lack of executive buy-in. Benefits of Using Encryption Technology for Data Security. But it is not without risks. The DPIA is an ongoing process, regularly applied to personal data processing, identifying, and mitigating risks. Every business has vital information that it cannot afford to lose. Data Encryption Could Provide a Competitive Advantage. Copyright © 2003-2020 Third Party Formations Limited. Data privacy has been viewed as a burden that carries with it significant costs and few tangible benefits. This includes guarding the availabili… America prefers to rely upon contractual arrangements and a patchwork of State and Federal provisions. Read ESG Report. Benefits of General Data Protection Regulation compliance One of the many benefits of being General Data Protection Regulation compliant is that organisations are required to implement controlled business processes – meaning that data will already be organised, resulting in greater business productivity and efficiency generally. Sign In. benefits of data protection controls it/200 siana lyon june 27, 2016 DATA BREACH PROBLEMS • As we know the company has experiences and will continue to experience a lot of breaches in the network system, which can lead to data lost, leakage of important information and data redundancy. A business that will deal with any customer information (also known as a “data controller”) is required by law to register with the Information Commissioner’s Office. That’s where data backup comes into play. This is because the staffs have to deal with customer issues without the help of computer databases. Categories . As an employer and a business manager, you have a duty to ensure all information is correct. The communication will be more personalised because of the granularity of the information collected, thus saving you the sunk cost of pursuing uninterested consumers. The days that security was an afterthought should be over – in practice that is far from the case. For example, not all information in a company has to be seen by all the employees. When it comes to customers, ensuring their data is held as safely as possible is the minimum most people will expect for companies they invest time or money in. Data protection is the process where you safeguard and protect your personal information from corruption, compromise or loss and ensures that you remain in control of it.Any information that business stores digitally should be properly protected. Without executive buy-in and involvement, organizations will not just struggle to implement the changes required to meet compliance as research found, they will struggle to turn GDPR benefits into data-driven, customer-oriented, process-related, innovation-enabling and other business opportunities. 9 Benefits of Data Backup and Recovery Service. BENEFITS OF DATA PROTECTION • Protect valuable information • Stay ahead of competitors with the latest security • Gain clientele in more markets with the added security. Contact. Posted by: nsllc; Tags: data backup, data centers, data security STL, net security STL, network solutions STL, Network Specialists, offsite data storage, pros of data centers No Comments; When it comes to vital information, it’s important for businesses to make sure that their data is protected and backed up in the event of an emergency. “ Therefore, data protection regulations should not be perceived as tools facilitating the invisibility of the individuals to the rest of the world. Starting a business is something you want to get right first time. Contact. IAB GDPR Transparency and Consent Framework, disconnect between perceptions regarding GDPR compliance and the reality. Nor do we mean the obvious benefits for myriad companies offering services, software, guidance, training, events, consulting and whatnot, although it’s pretty clear that GDPR spending boosts cybersecurity spending, the identity and access management market, enterprise information management, the storage market and so forth. The importance of Data (and Data Protection) to your Company. The Company Warehouse is a registered user of Companies House Electronic Filing Service. GDPR compliance will prove to customers that your organisation is a good custodian of data. No results found; Search. All rights reserved, Advantages And Disadvantages of Data Protection Registration. You should also confirm it is correct with the party in question (staff, when you create their employee record, or with customers if they sign up to a loyalty scheme, for example). We’ve been saying that the customer is so important for decades and that the customer experience, digital or not, and customer-centricity matter so much. Maybe we are naïve. Disaster Recovery. Personal data protection is essential to fully capitalise on the benefits of India's digital revolution: Cyble News provided by. Skip to main content. Cyble Inc. 30 Nov, 2020, 13:07 IST. Technology News; Tags . Where the Data Commissioner finds that an individual or organisation is found to have failed or is failing to comply with the provisions of the Act, the Data Commissioner will have the right to serve an enforcement notice on the party in breach as well as a penalty notice. The introduction of Kenya’s first Data Protection Act 2019 (the Act), brings an end to the era of navigating the murky waters of the previous disjointed framework of data protection legislation. Running a new limited company or small business, you will necessarily be dealing with all sort of different personal data and information. ESG completed a quantitative economic analysis of customer-deployed Dell EMC data protection solutions. Contact. There is evidence that some companies are developing an approach to big data that looks to place it in a wider and essentially ethical context. Advantages of Data Protection Registration. Awareness of privacy and data protection will be increased across the organisation. For more information, see our Data Protection Registration service or contact one of our business consultants on 0800 0828 727. Below are 5 simple reasons why adopting a suite of encryption technologies can be beneficial to your organization: 1. In modern societies, in order to empower us to control our data and to protect us from abuses, it is essential that data protection laws restrain and shape the activities of companies and governments. It’s time to rethink what permission really means and how data-driven permission-based tactics of personalization can truly offer relevant value. One of the benefits of data protection is that it safeguards valuable information, which is a critical asset to your company. Chat with a Business Advisor. And it’s not just about GDPR and consent. Below are just a few of these benefits (there are ample more): Removing silos (that do slow down digital transformation to sing a really old tune as does paper to sing an even older tune). Your personal data reveals a lot about you, your thoughts, and your life. Research regarding the evolutions in forensic data analytics evolutions, announced in January 2018, clearly showed a disconnect between concerns with regards to data protection and privacy regulations among risk management business professionals and the degree of preparedness (in the form of a plan). In these times of distrust and fast technological and societal change a third asset can be added: trust. Permission marketing is close to two decades old. Focus was placed on the economic benefits organizations can expect when leveraging different components and configurations of the Dell EMC data protection portfolio to automate data protection across the organization. Let’s put it very simply: if data, including personal data, and customers are a core business asset and both are foundational for digital business transformation and business in a more digital world overall they deserve to be treated as such. If you work with data from your customers, hold sensitive information from your industry or even just keep your employees’ information on your company server or cloud, then data protection should be one of your big priorities. Data protection is commonly defined as the law designed to protect your personal data. The DPA also directs that data can only be used for the explicit purpose that it was obtained. So, what’s your ROI on changing your data-related or data-driven whatnot optimization going to be, in the scope of regulation such as the GDPR, the changes they clearly bring along and far beyond? We’ve previously outlined the schedule of the changes, but now it is time to consider the benefits of the reform. Unfortunately, more than 50% of both medium and small businesses do not have the right back up. One way the law does this is be requiring companies to comply with the 8 data protection principles. Or as we put it: if data is the new oil, trust is what makes the new oil wells and oil pipelines function. Benefits or advantages of Data Protection. Addressing problems early will often be easier and cheaper. I provide 1-2-1 pre-start consultancy services, if you are interested please get in touch. Why is it so important, and why is everyone should be compliant? Data Protection Act – Why its important. The lack of executive buy-in and all these mentioned surveys (there are far more) that look at various stakeholders in an organization (depending on the scope of the research) and how they approach GDPR essentially show that de facto GDPR is usually treated as a project, a pain, a matter of one or a few divisions and not as the opportunity it could be when GDPR benefits lead to improvements in so many areas such as the ones we mentioned. Data protection is commonly defined as the law designed to protect your personal data. Economic and Operational Benefits of Dell EMC Data Protection. How easy is it for customers to engage, find their way and express what they want and don’t want? Remote backup can be automated and updated on a daily basis, or you can even back up your data at a set time. Data protection is a far from perfect mechanism for protecting privacy in a digital age, but a perfect mechanism does not exist. All companies have data, such as personnel files, customer data, product information, financial transactions, etc. See how ESG calculates cost-to-protect. Not just about these GDPR benefits but, more importantly, about how organizations can and will leverage them. Why should employees be trained regularly in data protection and what are the benefits? Personal details must remain private between the employee and the HR department. Disasters can strike and affect your computers leading to loss of data. Cloud computing services help with storage maintenance tasks, such as replication, recovery, and proper data backup. Encryption is Cheap to Implement. And it isn’t just a matter of trust in the scope of distrust. Data protection is crucial for companies as well as consumers. This privacy-by-design approach can have the following benefits: Potential problems are identified at an early stage. Required fields are marked *, You may use these HTML tags and attributes:
. BENEFITS OF DATA PROTECTION • Protect valuable information • Stay ahead of competitors with the latest security • Gain clientele in more markets with the added security. Know the importance of data protection and data protection act. The DPA also directs that data can only be used for the explicit purpose that it was obtained. FEATURED REPORT Data Protection Trends for Containers . The benefits of data protection laws. Data Protection Act – Why its important. Legal Compliance – registering your business with The ICO is the first step towards ensuring your business is legally compliant. Disclosing personal information is a requisite for identification in a digital environment of disappearing bodies, and for effectively communicating their … For this reason, complying with GDPR´s data protection regulations follow an important obligation for companies in their areas of work. This new legislation mandates that each organisation have a data protection officer (DPO), along with regular audits of data processing activities. November 2017 | Drooms Global. This is known as data protection registration (or data protection notification). Choosing the right business structure will save you time and ensure you understand how to maximise your expenses and allowances so that you retain as much as of your profits as possible, pay less tax and stay within the rules. And it’s good to see that finally the whole GDPR narrative is moving from GDPR fines to GDPR benefits and turning all the work to do in this new age where trust is key on all levels into competitive benefits, true enhanced relevance and customer-centricity, a real opportunity to streamline data flows and leverage data, a genuine chance to improve customer experience instead of saying we do, apply far better cybersecurity techniques, be more conscience of risks and really value data as a currency and their owners as, well, owners of that currency. One of the most sought after features, using cloud computing helps with disaster recovery. The best way to develop and maintain such a program is to think of it as a process, not a project. Sharing data may bring benefits, and it has often also become necessary for us to do everyday tasks and engage with other people in today’s society. Disasters can strike and affect your computers leading to loss of data. Data governance is mandatory for GDPR, so the incentive in implementing it before the May 2018 deadline is clear. The principal reason to keep your data protected is to ensure the safety of all the information you store. Among previously mentioned benefits: enhanced trust in times of distrust. Almost every company processes personal data several times a day, using IT systems in accordance to Article 4 of the GDPR. With all those technologies and tools being enablers we especially mean the benefits GDPR enables organizations to realize. Personal data protection is essential to fully capitalise on the benefits of India's digital revolution: Cyble News provided by. A good business should have a good data protection strategy, one that doesn’t leave people waiting for too long for systems to be restored after a failure. Here are just a few of the added benefits of becoming GDPR-compliant: 1) Greater consumer confidence. If trust is paramount in data transactions in industries and really the very reason why so many industries look at blockchain technology then why wouldn’t you make sure that your data is accurate, valuable, purposeful and relevant enough to move ahead in digital business? The EU is embarking on an update to its data protection rules. A full year after the General Data Protection Regulation (DGPR) came into full force, many companies still have a lot of work to do in meeting its compliance requirements. Skip to content. Another cost benefit of the GDPR is that your organisation will be able to more effectively engage with customers. The main disadvantage of data protection law is the requirement that your business MUST be registered with The ICO. 15. One of the less often mentioned aspects regarding changing data protection regulations, most notably but not solely the General Data Protection Regulation (GDPR), are their benefits in many areas we often don’t think about and tend to revolve around digital transformation in various senses. Different jurisdictions take different approaches; data protection is the approach taken by Europe. This has been compounded historically by the aim of … The Data Protection Act is designed to keep information safe and offer individuals protection whenever they are asked to disclose personal data. America prefers to rely upon contractual arrangements and a patchwork of State and Federal provisions. In modern societies, in order to empower us to control our data and to protect us from abuses, it is essential that data protection laws restrain and shape the activities of companies and governments. Unfortunately that benefit is missed by all too many CEOs who tend to have a rather limited lifespan in an organization and don’t always think about the longer term. Yet, just as dark data becomes important data when there is a purpose to start using it, so do personal data and customer data become important when we use them for the sake of relevant customer-oriented actions. Different jurisdictions take different approaches; data protection is the approach taken by Europe. (Dis)advantages of Data Protection. Many organizations deploy measures to protect their data from being accessed by unwanted individuals. Solutions Consent Management . Apprenticeships: 5 Employer Benefits of Apprenticeships posted on 15/10/2015. Data Protection Portfolio. Benefits of General Data Protection Regulation compliance One of the many benefits of being General Data Protection Regulation compliant is that organisations are required to implement controlled business processes – meaning that data will already be organised, resulting in greater business productivity and efficiency generally. Every business has vital information that it cannot afford to lose. 4) Better alignment with evolving technology It protects valuable information such as business transactions and financial statements. Request a Sales Callback. And we don’t mean the benefits for data subjects (which are relatively clear for most now). Hey guys i really love this post keep up the great work fellas, peace out bro, Your email address will not be published. Under the DPA 2018, individuals can hold organisations accountable for storing and processing their data in-line with regulations. In fact, data is one of the most important assets a company has. The Data Protection Act 1998 puts a number of obligations on business to ensure that this data is not abused or used in a way which might compromise the customer or private individual to their detriment. With data and customers being key business assets they both deserve more attention. Those that saw these opportunities/challenges/evolutions and turned them into real benefits today are already leading on several fronts. Everyone loves to talk about data-driven marketing, the so-called data chaos challenge and opportunity, the connected device IoT data deluge, data exchange models and more. Higher Reliability – Perhaps the biggest benefit of regular remote data backup is its great reliability. Under the DPA 2018, individuals can hold organisations accountable for storing and processing their data in-line with regulations. We don’t just mean the human aspect of trust which is a matter of perception and only can show on a personal data level if you indeed can prove and demonstrate that you do all you can to be transparent regarding the data you process (as in the GDPR data processing principles) and that you secure and manage that personal data from a risk perspective, in the first place that of the data subject, the consumer/customer/patient/work or people, in the best possible way. The importance of data protection increases as the amount of data created and stored continues to grow at unprecedented rates. Share this article. Data protection and data privacy regulations, of which the GDPR is only one, cause and will continue to cause a spill-over effect, impacting how organizations and consumers think about and deal with data. We all have to give information about ourselves to others for many different reasons, from a credit card purchase … Data companies have be e n designing and working around to develop models through which they could protect the data of the customers. The European approach has its own … Cyble Inc. 30 Nov, 2020, 13:07 IST. Yet, how successful have we really been, from the customer viewpoint that is? If a consumer withdraws consent or doesn’t want his/her data processed then why would you want to have, let alone use his/her data and wouldn’t you focus on the possibilities you have to engage them otherwise, engage others and make your marketing and customer touchpoints more valuable? A Data Protection Must At Lepide, we fully believe that the only effective method of data protection is full visibility and transparency. Data subjects are entitled to file complaints with the Data Commissioner. Help customers modernize data protection infrastructure for increased agility, flexibility, cost efficiency with the Dell EMC Data Protection portfolio. For that reason alone, data protection should be a top priority for any company. One of the benefits of data protection is that it safeguards valuable information, which is a critical asset to your company. Pretty much every device and operating system we use today comes with some sort of encryption technology. There have been ample opportunities before and most certainly also outside of the scope of regulations, to rethink the way we deal with data, enhance customer experience, raise engagement overall, become far better at marketing, innovate and so forth in the past. Adopt a logical approach to a data protection strategy. Thinking about the words of the ‘inventor’ of smart contracts, going back quite some time already: in a scope of digital business in the broadest sense interactions and transactions between people can be thought of as contractual agreements. Get Support. Making sure your company is compliant with all the requirements laid down by the law allows you … Read the latest ESG research on container adoption trends and their impact on IT data protection and DR readiness. With that said, … Benefits of a Data Protection Impact Assessment (DPIA) by Lazarus Alliance Oct 1, 2020 0 Comment A Data Protection Impact Assessment (DPIA) is a process to help you identify and minimize the data protection risks of a project. Confidence in consumers to purchase items or things online to your company is used by organisations, businesses the. There definitely is a good custodian of data protection is a far the. 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With customers we come to another point: that mentioned ( contextual ) relevance a few of the data... An early stage the reality and customers being key business assets they both more! Data processing, identifying, and mitigating risks January 24, 2019 several fronts hold accountable!