Beginning from May 25th, 2018, companies which operate in the European Union have to adhere to the GDPR. Coursedot has a special quick and easy guide to provide the basics of GDPR, the definitions and implications for companies and organizations.
We start with a quick introduction of why GDPR came about. It’s all made to reflect the realities of 2018 and
The Importance of Data in E-Commerce
Imagine opening a social media site, a favorite app or website and not seeing the feed you’re used to. Or visiting a favorite web store and not seeing personalized offers and deals. Or for example not receiving a newsletter with all the latest information about the things that are important to you. It’s difficult to imagine these things not happening in today’s world, right?
For all this to be possible, companies need data. A lot of data. No, really, the amount of data needed is staggering for even the simplest of services. The personal data of individuals and clients who use such digital services are vital for these personalization tools and capabilities. As a result, any company which collects personal data will say this information is vital for their services to continue to be improved and to work better. Institutions also know how important data is. Users would also agree, but they need more clarity on the topic. For the moment though that clarity lacks.
Eu to the save
And this is where the new General Data Protection Regulation (GDPR) comes in. It aims to update the European Union’s privacy law for the digital age. The GDPR gives individuals more control over their personal data and brings more responsibilities to companies which collect and store this information. And while all this sounds lovely, it comes at the expense of the business. Or does it?
GDPR brings some important changes to the way companies deal with personal data of individuals. These changes seem quite confusing to a lot of companies and the prospect of hefty fines isn’t making them jump from joy for the GDPR implementation in 2018. Upon closer look though, the GDPR isn’t really that bad for the business. It just formalizes many things most respectable companies are already doing. This should help bring in line the rest and should harmonize the privacy laws across the EU. And that’s always good.
Still, there are some important details that all companies should know and keep in mind with the GDRP. The goal of this series of articles is to give you the most important points about and from the GDRP and help companies evaluate their situation and get ready for the GDRP.
This is the premise of GDRP. And next, we take a look at
Part 2 – Usage of Data and The Need for Regulation.
Part 4 – What Your Business Needs to Know About GDPR (Definitions)
Part 5 – What Your Business Needs to Know About GDPR’s Rights for Individuals
Part 6 – The GDPR Fines and What Do They Mean
Part 7 – Preparing for the GDPR