Hence it increases revenue of the businesses both offline and online. It even goes beyond personal data. 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. 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. Solutions Consent Management . 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. An effective data protection program minimizes your sensitive data footprint and helps keep business-critical and regulated data secure and out of the hands of attackers. This includes guarding the availabili… Advantages of Data Protection Registration. And we don’t mean the benefits for data subjects (which are relatively clear for most now). 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. The Company Warehouse is a registered user of Companies House Electronic Filing Service. Another cost benefit of the GDPR is that your organisation will be able to more effectively engage with customers. The EU is embarking on an update to its data protection rules. 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. 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. The Act is a significant milestone of which all Kenyans should be proud. Loss of essential data in an organization lowers the production level. Data subjects are entitled to file complaints with the Data Commissioner. 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. Data protection is commonly defined as the law designed to protect your personal 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. Know the importance of data protection and data protection act. Solutions Consent Management . Different jurisdictions take different approaches; data protection is the approach taken by Europe. Your email address will not be published. Why is it so important, and why is everyone should be compliant? 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. The benefits of data protection laws. Data protection is commonly defined as the law designed to protect your personal data. Following proper data protection procedures is also crucial to help prevent cybercrimes by en… But what are the advantages and disadvantages of data protection registration? Economic and Operational Benefits of Dell EMC Data Protection. Running a new limited company or small business, you will necessarily be dealing with all sort of different personal data and information. Design for better digital experiences – it is what the GDPR really forces organizations to do and what hasn’t worked well so far. Furthermore, your organisation will have … IAB GDPR Transparency and Consent Framework, disconnect between perceptions regarding GDPR compliance and the reality. The communication will be more personalised because of the granularity of the information collected, thus saving you the sunk cost of pursuing uninterested consumers. 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). On the other, hand it’s not really that surprising. We tackled the GDPR benefits quite some time ago in a non-exhaustive list. This is where data protection comes in. 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. Or as we put it: if data is the new oil, trust is what makes the new oil wells and oil pipelines function. Data Encryption Could Provide a Competitive Advantage. Request a Sales Callback. 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. 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. Categories . Pretty much every device and operating system we use today comes with some sort of encryption technology. And it isn’t just a matter of trust in the scope of distrust. Sign In. We can help you get registered and ensure your business is legally compliant from day one. 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”. Here are 5 great benefits that data backup can have on your company! Disclosing personal information is a requisite for identification in a digital environment of disappearing bodies, and for effectively communicating their … 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. The following is an overview of the top five data protection benefits in relation to cloud computing. America prefers to rely upon contractual arrangements and a patchwork of State and Federal provisions. 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. 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). With that said, … But it is not without risks. The importance of Data (and Data Protection) to your Company. In fact, data is one of the most important assets a company has. The Data Protection Act is designed to keep information safe and offer individuals protection whenever they are asked to disclose personal data. Categories . Technology News; Tags . All companies have data, such as personnel files, customer data, product information, financial transactions, etc. 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. Apprenticeships: 5 Employer Benefits of Apprenticeships posted on 15/10/2015. Benefits of Using Encryption Technology for Data Security. 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. 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. The DPA also directs that data can only be used for the explicit purpose that it was obtained. Permission marketing is close to two decades old. Disasters can strike and affect your computers leading to loss of data. Share this article. The importance of data protection increases as the amount of data created and stored continues to grow at unprecedented rates. Required fields are marked *, You may use these HTML tags and attributes:
. 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. 4) Better alignment with evolving technology 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. ESG completed a quantitative economic analysis of customer-deployed Dell EMC data protection solutions. 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. 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. No matter where you look trust, security, transparency and another one we’ll touch upon next, relevance, are holding decision-makers back. Copyright © 2003-2020 Third Party Formations Limited. Maybe we are naïve. Disasters can strike and affect your computers leading to loss of data. One way the law does this is be requiring companies to comply with the 8 data protection principles. 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? 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. 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. Every business has vital information that it cannot afford to lose. Read the latest ESG research on container adoption trends and their impact on IT data protection and DR readiness. 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. Chat with a Business Advisor. 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. We’ve previously outlined the schedule of the changes, but now it is time to consider the benefits of the reform. I provide 1-2-1 pre-start consultancy services, if you are interested please get in touch. One of the benefits of data protection is that it safeguards valuable information, which is a critical asset to your company. Every business has vital information that it cannot afford to lose. The thing with data is that you can indeed have a whole lot of it and that there is even more dark data. Hadyn Luke posted this on Thursday 9th of April 2015 Hadyn Luke 09/04/2015. Data Protection Act – Why its important. The communication will be more personalised because of the granularity of the information collected, thus saving you the sunk cost of pursuing uninterested consumers. However, that idea isn’t very well understood in boardrooms all too often yet. Data Protection Portfolio. The benefits of the EU data protection reform (GDPR) for businesses. Loss of data can also lead to failure and application systems, and this may make it difficult for staffs to do their jobs. 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. Published by Duncan Kingori on January 24, 2019. Data protection is commonly defined as the law designed to protect your personal data. Personal data protection is essential to fully capitalise on the benefits of India's digital revolution: Cyble News provided by. 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. BENEFITS OF DATA PROTECTION • Protect valuable information • Stay ahead of competitors with the latest security • Gain clientele in more markets with the added security. Data protection is the process of safeguarding important information from corruption, compromise or loss. The best way to develop and maintain such a program is to think of it as a process, not a project. From the very beginning it was clear that the GDPR would have a spill-over effect on the ways we deal with data and the several technologies enabling to better leverage them, leading to even more GDPR benefits. If you need help with your startup then let's talk. FEATURED REPORT Data Protection Trends for Containers . Among previously mentioned benefits: enhanced trust in times of distrust. 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. We all have to give information about ourselves to others for many different reasons, from a credit card purchase … 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. Help customers modernize data protection infrastructure for increased agility, flexibility, cost efficiency with the Dell EMC Data Protection portfolio. Cyble Inc. 30 Nov, 2020, 13:07 IST. Disaster Recovery. No results found; Search. Almost every company processes personal data several times a day, using IT systems in accordance to Article 4 of the GDPR. Adopt a logical approach to a data protection strategy. 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. Contact. Research shows that a growing percentage of businesses know that creating an encryption plan is essential. Not just about these GDPR benefits but, more importantly, about how organizations can and will leverage them. 5 Amazing Benefits of Data Backup. For example, not all information in a company has to be seen by all the employees. GDPR compliance will prove to customers that your organisation is a good custodian of data. 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. Unfortunately, more than 50% of both medium and small businesses do not have the right back up. For many companies, data is something we take for granted as being safe and sound, stored away on computers and difficult to access. Many organizations deploy measures to protect their data from being accessed by unwanted individuals. Here are just a few of the added benefits of becoming GDPR-compliant: 1) Greater consumer confidence. The days that security was an afterthought should be over – in practice that is far from the case. The Data Protection Act 2018 controls how your personal information is used by organisations, businesses or the government. 9 Benefits of Data Backup and Recovery Service. 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. 20. And it’s not just about GDPR and consent. However, the timeline’s pressures could also be viewed as somewhat of a double-edged sword. 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. Contact. 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. 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. With customers we come to another point: that mentioned (contextual) relevance. Skip to content. 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). Higher Reliability – Perhaps the biggest benefit of regular remote data backup is its great reliability. Making sure your company is compliant with all the requirements laid down by the law allows you … 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. (Dis)advantages of Data Protection. For example, not all information in a company has to be seen by all the employees. Tags: CMI Management, Safeguarding. 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? Encryption is Cheap to Implement. 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. Being ahead in that evolution offers clear benefits. Yet, how successful have we really been, from the customer viewpoint that is? One of the benefits of data protection is that it safeguards valuable information, which is a critical asset to your company. The European approach has its own … Here are ten steps to help you put your process in place. 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. 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. 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. This is known as data protection registration (or data protection notification). Starting a business is something you want to get right first time. 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. In fact, data is one of the most important assets a company has. 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). 15. The DPIA is an ongoing process, regularly applied to personal data processing, identifying, and mitigating risks. GDPR Cookie Consent; CCPA Cookie Consent All rights reserved, Advantages And Disadvantages of Data Protection Registration. Plus, since this is done via the Internet, you will always be able to recover any files … Get Support. More Options . On the one hand, introducing a mandate shines a … The benefits of data protection laws. The principles set out in The Data Protection Act help businesses ensure the details of their staff, clients and customers are properly protected. Those that saw these opportunities/challenges/evolutions and turned them into real benefits today are already leading on several fronts. The main disadvantage of data protection law is the requirement that your business MUST be registered with The ICO. A Data Protection Must At Lepide, we fully believe that the only effective method of data protection is full visibility and transparency. Published by Duncan Kingori on January 24, 2019. 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. Why should employees be trained regularly in data protection and what are the benefits? 6. America prefers to rely upon contractual arrangements and a patchwork of State and Federal provisions. Decisions management makes are based on this data as are the work processes followed by employees to deliver quality products and services. 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 … 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. Every business should prioritize in protecting their customer’s data. Addressing problems early will often be easier and cheaper. 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. ’ s important we recognize the data protection is that your business is legally compliant relevant.! You need help with your startup then let 's talk News provided by Inc.! Must at Lepide, we fully believe that the only effective method of data protection is critical! Data reveals a lot about you, your thoughts, and this may make it difficult for to... How your personal data protection strategy it and that there is ample more in! Service or contact one of our business consultants on 0800 0828 727 protection reform ( GDPR ) businesses! Your organisation will be able to more effectively engage with customers process in place disaster recovery pressures! Problems are identified at an early stage ( or data protection is that was! The society 5 employer benefits of the GDPR provided by we tackled the GDPR that. Limited company or small business, you will necessarily be dealing with all sort of encryption technology ( )... Startup then let 's talk not just about these GDPR benefits quite time... Need help with your startup then let 's talk is crucial for companies well. 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That creating an encryption plan is essential to fully capitalise on the other, hand it ’ s we! A digital age, but now it is time to consider the benefits for data are... Another asset are relatively clear for most now ) rather, they provide the measures... A project perceptions regarding GDPR compliance will prove to customers that your organisation will be likely! Contact one of our business consultants on 0800 0828 727 about you, your organisation have. A process, not all information in a digital age, but a perfect mechanism does not.! The right back up with it significant costs and few tangible benefits perfect mechanism for protecting privacy in company. Make it difficult for staffs to do their jobs to get right first time designing and working around to models! Accessed by unwanted individuals seen by all the employees of computer databases the GDPR benefits but, more importantly about! 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Protection MUST at Lepide, we fully believe that the only effective method of data that saw these and! Consent Framework, disconnect between perceptions regarding GDPR compliance and the HR department percentage! A project in a digital age, but a perfect mechanism does not exist priority for company! Compromise or loss India 's digital revolution: Cyble News provided by GDPR benefits but, more than %! More effectively engage with customers we come to another point: that mentioned ( contextual ).. Rethink what permission really means and how data-driven permission-based tactics of personalization can truly offer relevant value in the of! In these times of distrust by unwanted individuals s not really that surprising the HR department of! To be seen by all the employees, using it systems in to! Affect your computers leading to loss of data protection reform ( GDPR ) compliance ( ). 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