With under a year to go until the enforcement date deadline of 25 May 2018, this is the time that those organizations in non-compliance will face heavy fines. Under GDPR organisations in breach of GDPR can be fined up to 4% of annual global turnover or €20 Million (whichever is greater). There is a tiered approach to fines for example, a company can be fined 2% for not having their records in order (article 28), not notifying the supervising authority and data subject about a breach or not conducting impact assessment.
The EU General Data Protection Regulation replaces the Data Protection Directive and is designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy. GPDR makes its applicability very clear - it will apply to the processing of personal data by controllers and processors in the EU, regardless of whether the processing takes place in the EU or not.
VisionWare’s MultiVue MDM engine enables organisations to create a single and complete view of the individual or “Golden Record” from disparate data sources and this feature delivers the ability to comply with many aspects of GDPR regulations. Without MDM trying to comply to GDPR will be resource intensive with many manual rather than automatic procedures.
MultiVue is an “Out of the box” product with preconfigured GDPR data model with a number of predefined reports ensuring the rapid delivery of an operational system within 12 weeks. The services from MultiVue can be consumed by CRM systems, Online Portals or any line of business systems.
GDPR is about creating a best practice data management strategy which gives an organisation the foundation for improving the way they conduct business using quality data, this is reflected in customer service initiatives, improved upselling and cross selling, digital transformation/channel shift and social service provision.
Andy Hoare, Head of ICT, City of Wolverhampton Council
Our MultiVue MDM solution enables organizations to identify where information is retained in disparate data sources, it creates a single and complete view of the individual by aggregating demographic information.
A pragmatic way of dealing with the GDPR deadline is following the 12 steps as set out by the Information Commissioners Office (ICO) - Preparing for the General Data Protection Regulation (GDPR): 12 steps to take now. VisionWare MultiVue’s capabilities focus specifically on helping organisations meet five of the 12 steps: individuals’ rights, subject access requests, consent, children and data breaches.
In our advisory note, we explain in detail how MultiVue helps organisations address each of the steps described above and meet their GDPR compliance requirements in confidence. Download your copy today and start your journey to GDPR compliance.
Anna Zollino-Biscotti, Senior Information Governance Manager, City of Wolverhampton Council