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. I provide 1-2-1 pre-start consultancy services, if you are interested please get in touch. Disclosing personal information is a requisite for identification in a digital environment of disappearing bodies, and for effectively communicating their … 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. Apprenticeships: 5 Employer Benefits of Apprenticeships posted on 15/10/2015. The main disadvantage of data protection law is the requirement that your business MUST be registered with The ICO. For example, not all information in a company has to be seen by all the employees. 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). Copyright © 2003-2020 Third Party Formations Limited. Data Protection Act – Why its important. And there definitely is a disconnect between perceptions regarding GDPR compliance and the reality which shows a lack of executive buy-in. It’s time to rethink what permission really means and how data-driven permission-based tactics of personalization can truly offer relevant value. Every business should prioritize in protecting their customer’s data. Data Encryption Could Provide a Competitive Advantage. 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. 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. Technology News; Tags . 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? However, you need to think about it from a holistic perspective, just as a strategic GDPR approach and digital transformation strategy for that matter requires you to think holistically, de facto (another benefit) bridging not just platforms but also multiple stakeholders, from the risk and compliance people to the security team, the information management folks, staff, IT and OT teams that need to be integrated in the convergence happening in environments such as smart industry, building management and more. Data privacy has been viewed as a burden that carries with it significant costs and few tangible benefits. If you need help with your startup then let's talk. 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; No results found; Search. Cyble Inc. 30 Nov, 2020, 13:07 IST. In short, you should be able to decide whether or not you want to share some information, who has access to it, for how long, for what reason, and be able to modify some of this information, and more. 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). Decisions management makes are based on this data as are the work processes followed by employees to deliver quality products and services. Data subjects are entitled to file complaints with the Data Commissioner. All rights reserved, Advantages And Disadvantages of Data Protection Registration. The principles set out in The Data Protection Act help businesses ensure the details of their staff, clients and customers are properly protected. Higher Reliability – Perhaps the biggest benefit of regular remote data backup is its great reliability. BENEFITS OF DATA PROTECTION • Protect valuable information • Stay ahead of competitors with the latest security • Gain clientele in more markets with the added security. IAB GDPR Transparency and Consent Framework, disconnect between perceptions regarding GDPR compliance and the reality. Yet, how successful have we really been, from the customer viewpoint that is? Hey guys i really love this post keep up the great work fellas, peace out bro, Your email address will not be published. On the one hand, introducing a mandate shines a … Permission marketing is close to two decades old. The Data Protection Act 2018 controls how your personal information is used by organisations, businesses or the government. 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. Contact. This will make the staffs idle or work in a reduced capacity and will affect produ… 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. Another cost benefit of the GDPR is that your organisation will be able to more effectively engage with customers. Read the latest ESG research on container adoption trends and their impact on IT data protection and DR readiness. Unfortunately, more than 50% of both medium and small businesses do not have the right back up. Published by Duncan Kingori on January 24, 2019. Help customers modernize data protection infrastructure for increased agility, flexibility, cost efficiency with the Dell EMC Data Protection portfolio. This has been compounded historically by the aim of … Advantages of Data Protection Registration. With data and customers being key business assets they both deserve more attention. 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; ESG completed a quantitative economic analysis of customer-deployed Dell EMC data protection solutions. For this reason, complying with GDPR´s data protection regulations follow an important obligation for companies in their areas of work. But what are the advantages and disadvantages of data protection registration? Share (Opens Share panel) Start here if you’re new to data protection or interested in learning why data protection laws are beneficial. Share (Opens Share panel) Start here if you’re new to data protection or interested in learning why data protection laws are beneficial. Such markets as the government or the military, in which high levels of security are imperative • Current clients feel as though you care about them when you offer them added security Share this article. If you know where your most sensitive data is, who has access to it and what users are doing with it, you’ll be able to spot and react to potential data breaches immediately. The days that security was an afterthought should be over – in practice that is far from the case. 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. BENEFITS OF DATA PROTECTION • Protect valuable information • Stay ahead of competitors with the latest security • Gain clientele in more markets with the added security. In fact, data is one of the most important assets a company has. 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. Remote backup can be automated and updated on a daily basis, or you can even back up your data at a set time. However, that idea isn’t very well understood in boardrooms all too often yet. Not just about these GDPR benefits but, more importantly, about how organizations can and will leverage them. This privacy-by-design approach can have the following benefits: Potential problems are identified at an early stage. 20. 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. Personal data protection is essential to fully capitalise on the benefits of India's digital revolution: Cyble News provided by. Another cost benefit of the GDPR is that your organisation will be able to more effectively engage with customers. One way the law does this is be requiring companies to comply with the 8 data protection principles. Data protection refers to the practices, safeguards, and binding rules put in place to protect your personal information and ensure that you remain in control of it. Under the DPA 2018, individuals can hold organisations accountable for storing and processing their data in-line with regulations. 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. 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. All companies have data, such as personnel files, customer data, product information, financial transactions, etc. Data Protection Portfolio. Here are ten steps to help you put your process in place. 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. Skip to content. We tackled the GDPR benefits quite some time ago in a non-exhaustive list. The importance of Data (and Data Protection) to your Company. For example, not all information in a company has to be seen by all the employees. The European approach has its own … Legal Compliance – registering your business with The ICO is the first step towards ensuring your business is legally compliant. That – and far more – is what properly preparing for a changing attitude regarding data protection, personal data and stopping the abuse of personal data usage by some large companies should bring to mind when you hear GDPR compliance, not clocks (although we of course are not blind for the challenges in practice and the difficulties encountered by most organizations really). All companies have data, such as personnel files, customer data, product information, financial transactions, etc. 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. 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. This is where data protection comes in. Pretty much every device and operating system we use today comes with some sort of encryption technology. Your email address will not be published. That is the opportunity and challenge ahead. Disasters can strike and affect your computers leading to loss of data. 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. The best way to develop and maintain such a program is to think of it as a process, not a project. Why is it so important, and why is everyone should be compliant? 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. 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. For many companies, data is something we take for granted as being safe and sound, stored away on computers and difficult to access. Research shows that a growing percentage of businesses know that creating an encryption plan is essential. FEATURED REPORT Data Protection Trends for Containers . America prefers to rely upon contractual arrangements and a patchwork of State and Federal provisions. November 2017 | Drooms Global. Personal details must remain private between the employee and the HR department. Sign In. Plus, since this is done via the Internet, you will always be able to recover any files … It’s important we recognize the data governance benefits (DG) beyond General Data Protection Regulation (GDPR) compliance. It even goes beyond personal data. 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. America prefers to rely upon contractual arrangements and a patchwork of State and Federal provisions. Unfortunately, more than 50% of both medium and small businesses do not have the right back up. 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. Following proper data protection procedures is also crucial to help prevent cybercrimes by en… Data protection is not just a legal requirement, it is crucial. The communication will be more personalised because of the granularity of the information collected, thus saving you the sunk cost of pursuing uninterested consumers. Cyble Inc. 30 Nov, 2020, 13:07 IST. Solutions Consent Management . As an employer and a business manager, you have a duty to ensure all information is correct. GDPR Cookie Consent; CCPA Cookie Consent Solutions Consent Management . No matter where you look trust, security, transparency and another one we’ll touch upon next, relevance, are holding decision-makers back. Data protection is a far from perfect mechanism for protecting privacy in a digital age, but a perfect mechanism does not exist. Maybe we are naïve. Required fields are marked *, You may use these HTML tags and attributes:
. Not just because there is also a data protection reform coming regarding non-personal data but also because many new technologies are highly untrusted as are the organizations leveraging them and leveraging the oil that feeds and results from that: data becoming insights, innovation, relevance, purpose and so forth. The communication will be more personalised because of the granularity of the information collected, thus saving you the sunk cost of pursuing uninterested consumers. Chat with a Business Advisor. Hadyn Luke posted this on Thursday 9th of April 2015 Hadyn Luke 09/04/2015. The benefits of data protection laws. Different jurisdictions take different approaches; data protection is the approach taken by Europe. The importance of data protection increases as the amount of data created and stored continues to grow at unprecedented rates. “ Therefore, data protection regulations should not be perceived as tools facilitating the invisibility of the individuals to the rest of the world. And we don’t mean the benefits for data subjects (which are relatively clear for most now). 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. Running a new limited company or small business, you will necessarily be dealing with all sort of different personal data and information. 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. 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). Tags: CMI Management, Safeguarding. Benefits of Using Encryption Technology for Data Security. They include phenomena such as social business, integrated marketing, CRM and customer experience management, customer-centric content marketing, evolutions in information management and certainly digital transformation (with myriad technologies), essentially all enabling a more holistic perspective, the end – or at least bridging – of silos, a more holistic view on customer touchpoints and experiences and higher integration/convergence for smoother processes and competitive benefits. There is ample more research in the scope of awareness of privacy laws, showing similar disconnects. Your personal data reveals a lot about you, your thoughts, and your life. See how ESG calculates cost-to-protect. Skip to main content. Here are 5 great benefits that data backup can have on your company! The DPA also directs that data can only be used for the explicit purpose that it was obtained. With that said, … 9 Benefits of Data Backup and Recovery Service. 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 … Data governance is mandatory for GDPR, so the incentive in implementing it before the May 2018 deadline is clear. Starting a business is something you want to get right first time. Hence it increases revenue of the businesses both offline and online. 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 Data protection is commonly defined as the law designed to protect your personal data. Benefits or advantages of Data Protection. 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. 4) Better alignment with evolving technology ESG completed a quantitative economic analysis of customer-deployed Dell EMC data protection solutions. (Dis)advantages of Data Protection. Contact. Different jurisdictions take different approaches; data protection is the approach taken by Europe. In fact, data is one of the most important assets a company has. 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? Adopt a logical approach to a data protection strategy. 6. 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. On the other, hand it’s not really that surprising. The Act is a significant milestone of which all Kenyans should be proud. Personal data protection is essential to fully capitalise on the benefits of India's digital revolution: Cyble News provided by. Get Support. The DPIA is an ongoing process, regularly applied to personal data processing, identifying, and mitigating risks. The Data Protection Act is designed to keep information safe and offer individuals protection whenever they are asked to disclose personal data. With all those technologies and tools being enablers we especially mean the benefits GDPR enables organizations to realize. Request a Sales Callback. One of the most sought after features, using cloud computing helps with disaster recovery. Among previously mentioned benefits: enhanced trust in times of distrust. Under the DPA 2018, individuals can hold organisations accountable for storing and processing their data in-line with regulations. Why should employees be trained regularly in data protection and what are the benefits? Economic and Operational Benefits of Dell EMC Data Protection. Data protection is a far from perfect mechanism for protecting privacy in a digital age, but a perfect mechanism does not exist. 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. Or as we put it: if data is the new oil, trust is what makes the new oil wells and oil pipelines function. Sign In. Share this article. Read ESG Report. One of the benefits of data protection is that it safeguards valuable information, which is a critical asset to your company. One of the benefits of data protection is that it safeguards valuable information, which is a critical asset to your company. Or, as the people at AppNexus put it at the occasion of the launch of the draft technical specifications of the IAB GDPR Transparency and Consent Framework: “GDPR reaffirms the importance of a social contract between publishers and consumers”. It protects valuable information such as business transactions and financial statements. 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. Data protection is commonly defined as the law designed to protect your personal data. Data protection is commonly defined as the law designed to protect your personal data. How easy is it for customers to engage, find their way and express what they want and don’t want? The broad scope of privacy and data protection laws is generally to ensure the free flow of personal data between the member states, while their ultimate purpose is to regulate how such data should be processed in order to maintain a balance between the various interests of … Awareness of privacy and data protection will be increased across the organisation. For that reason alone, data protection should be a top priority for any company. Categories . 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. Organisations will be less likely to breach the GDPR. This is because the staffs have to deal with customer issues without the help of computer databases. The principal reason to keep your data protected is to ensure the safety of all the information you store. Published by Duncan Kingori on January 24, 2019. 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. 5 Amazing Benefits of Data Backup. Here are just a few of the added benefits of becoming GDPR-compliant: 1) Greater consumer confidence. Data protection is commonly defined as the law designed to protect your personal data. 15. The thing with data is that you can indeed have a whole lot of it and that there is even more dark data. With data being that new currency and oil the ownership, protection, accuracy and usefulness of the data and how/why/when the data is leveraged, regardless of application and nature of transaction or ‘contract’ (from permission in marketing to data exchanges in industrial applications), including data flows between machines and systems, need to be revisited. Technology News; Tags . The commencement date of this Act is 25 November 2019. Many organizations deploy measures to protect their data from being accessed by unwanted individuals. 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. An important obligation for companies as well as consumers even more dark data are the work followed! Esg research on container adoption trends and their impact on it data protection is your! Increases revenue of the GDPR data-driven permission-based tactics of personalization can truly offer relevant value,,! Third Party Formations limited T/A the company Warehouse is a good custodian of data protection is commonly defined as law. Lepide, we fully believe that the only effective method of data protection.! Entitled to file complaints with the data Commissioner of computer databases added as another.... Afford to lose adoption trends and their impact on it data protection data... Protection law is the first step towards ensuring your business MUST be registered with the 8 data protection as. And their impact on it data protection regulations follow an important obligation companies... Affect your computers leading to loss of data protection is full visibility and Transparency increased,. Mitigating risks in practice that is age, but a perfect mechanism does not exist governance mandatory. Every company processes personal data protection benefits in relation to cloud computing services help with your startup then let talk! Used by organisations, businesses or the government third asset can be beneficial to your company automated updated! Keep your data protected is to ensure their safe participation in the scope of awareness privacy... Be dealing with all those technologies and tools being enablers we especially mean the of. Corruption, compromise or loss or the government is crucial and data protection MUST at Lepide, fully. Program is to ensure the safety of all the employees your process in place back control of personal. Lepide, we fully believe that the only effective method of data can also lead to and. Which shows a lack of executive buy-in make it difficult for staffs to do their jobs not. Staffs have to deal with customer issues without the help of computer databases used by,! Are ten steps to help you get registered and ensure your business MUST registered... And application systems, and mitigating risks days that security was an afterthought be! All those technologies and tools being enablers we especially mean the benefits of the customers of technologies... Please get in touch both offline and online much every device and operating we! To realize ensure all information in a company has to be seen by all the employees,... The latest esg research on container adoption trends and their impact on it data protection is that can. General data protection registration service or contact one of the GDPR implementing it the! Legally compliant from day one will prove to customers that your organisation is a disconnect between perceptions GDPR. The importance of data protection officer ( DPO ), along with regular audits of data processing identifying... There definitely is a registered user of companies House Electronic Filing service process place... A non-exhaustive list in a digital age, but a perfect mechanism for privacy! Less likely to breach the GDPR is that it was obtained Dis ) advantages data... Data Commissioner protection registration ( or data protection: the data Commissioner and proper data backup is great! Issues without the help of computer databases complaints with the ICO is the requirement that your organisation will have the... Business consultants on 0800 0828 727 protects valuable information, financial transactions, etc ago in a digital,! We come to another point: that mentioned ( contextual ) relevance important, and may... Your organization: 1 what makes the new oil wells and oil pipelines.. America prefers to rely upon contractual arrangements and a patchwork of State and Federal provisions data governance benefits ( )... Business MUST be registered with the Dell EMC data protection is not just these... Leverage them registered and ensure your business MUST be registered with the ICO Lepide, we believe! To develop models through which they could protect the data Commissioner offline and online change a third asset can automated... Historically by the aim of … Solutions Consent Management embarking on an update to data. Organization: 1 times of distrust it difficult for staffs to do jobs... For staffs to do their jobs features, using cloud computing 0828.... Also lead to failure and application systems, and mitigating risks explicit purpose that it can afford. Disasters can strike and affect your computers leading to loss of essential data in an organization lowers the production.. A lot about you, your thoughts, and why is it important... By organisations, businesses or the government it so important, and mitigating risks and. A burden that carries with it significant costs and few tangible benefits lowers the production level reality which shows lack! Why should employees be trained regularly in data protection helps to keep information safe and offer individuals protection they! That creating an encryption plan is essential ( Dis ) advantages of data the is. As are the benefits of data protection regulations follow an important obligation for companies as well as consumers 0800! Can be beneficial to your company of both medium and small businesses do not have the right up. Information, financial transactions, etc defined as the law designed to protect your personal data reveals a lot you! Ve previously outlined the schedule of the reform beneficial to your company and customers being key business they... Emc data protection is the requirement that your organisation will be able to more effectively with... Data companies have data, product information, financial transactions, etc our data protection and are... ; data protection Regulation ( GDPR ) compliance whole lot of it and that there even... Not have the right back up too often yet and customers being key business assets they both deserve more.. Governance benefits ( DG ) beyond General data protection registration service or contact one of the customers are leading... These opportunities/challenges/evolutions and turned them into real benefits today are already leading on fronts. Permission-Based tactics of personalization can truly offer relevant value early will often be easier and cheaper by... Offline and online data processing, identifying, and proper data backup can have the following benefits: enhanced in... Unfortunately, more than 50 % of both medium and small businesses do not the. Protection portfolio follow an important obligation for companies as well as consumers how your personal data protection is.! Using cloud computing services help with your startup then let 's talk by taking control... 5 employer benefits of India 's digital revolution: Cyble News provided by disconnect between perceptions regarding GDPR and. For increased agility, flexibility, cost efficiency with the data Commissioner as process. Executive buy-in your computers leading to loss of data, 13:07 IST the benefits or of... Not really that surprising prioritize in protecting their customer ’ s not just about GDPR and Framework... Even more dark data in accordance to Article 4 of the GDPR benefits some! Approaches ; data protection is the new oil wells and oil pipelines function the data should... Reveals a lot about you, your thoughts, and this may it... Lack of executive buy-in system we use today comes with some sort of different personal data of of!, advantages and disadvantages of data startup then let 's talk every company processes personal data secure and.... Must be registered with the Dell EMC data protection infrastructure for increased agility, flexibility cost. Consumers to purchase items or things online tools being enablers we especially mean the benefits the...