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Here Are 8 Things Every Business Needs To Do Now To Get GDPR Ready

May 25th is just around the corner, which means your business needs to be ready to comply with the General Data Protection Regulation (GDPR). This regulation was approved by the EU Parliament in April 2016 and will begin to be enforced from May 25, 2018 and matters to any company anywhere in the world that stores or processes data of people who live in the European Union.

Companies who aren’t in compliance will face hefty fines – up to $24million (20m Euros) or 4% of annual global turnover, whichever is higher. The intent of this legislation is to protect the data privacy for EU citizens and create consistent data privacy laws across Europe. You’re ahead of the game if you’re already complying with the Data Protection Act (DPA), the predecessor to the GDPR. Here’s what every business needs to know about the new elements of GDPR.Although most Big Data discussions concern enterprises that have all the resources to hire data scientists and research firms, if you know where to look, there are several ways that your small business can gather, analyze and make sense of data you already have. Here are five Big Data solutions for small businesses.

Source: forbes.com
Author: Bernard Marr

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