America prefers to rely upon contractual arrangements and a patchwork of State and Federal provisions. November 2017 | Drooms Global. Categories . Contact. The benefits of data protection laws. 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? This has been compounded historically by the aim of … If data is the new oil, trust is what makes the new oil wells and oil pipelines function. Know the importance of data protection and data protection act. No results found; Search. The days that security was an afterthought should be over – in practice that is far from the case. Your email address will not be published. Furthermore, your organisation will have … Hey guys i really love this post keep up the great work fellas, peace out bro, Your email address will not be published. Data protection is commonly defined as the law designed to protect your personal data. All companies have data, such as personnel files, customer data, product information, financial transactions, etc. The following is an overview of the top five data protection benefits in relation to cloud computing. It’s time to rethink what permission really means and how data-driven permission-based tactics of personalization can truly offer relevant value. 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. But it is not without risks. Or as we put it: if data is the new oil, trust is what makes the new oil wells and oil pipelines function. 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. Why is it so important, and why is everyone should be compliant? 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. In fact, data is one of the most important assets a company has. Data protection is commonly defined as the law designed to protect your personal 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. Decisions management makes are based on this data as are the work processes followed by employees to deliver quality products and services. 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). Data protection is the process of safeguarding important information from corruption, compromise or loss. That’s where data backup comes into play. Data Protection Portfolio. America prefers to rely upon contractual arrangements and a patchwork of State and Federal provisions. 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. 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. 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). We all have to give information about ourselves to others for many different reasons, from a credit card purchase … Data privacy has been viewed as a burden that carries with it significant costs and few tangible benefits. Data protection is commonly defined as the law designed to protect your personal data. Cyble Inc. 30 Nov, 2020, 13:07 IST. Organisations will be less likely to breach the GDPR. Personal data protection is essential to fully capitalise on the benefits of India's digital revolution: Cyble News provided by. Copyright © 2003-2020 Third Party Formations Limited. The thing with data is that you can indeed have a whole lot of it and that there is even more dark data. 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? The DPIA is an ongoing process, regularly applied to personal data processing, identifying, and mitigating risks. Being ahead in that evolution offers clear benefits. A Data Protection Must At Lepide, we fully believe that the only effective method of data protection is full visibility and transparency. On the other, hand it’s not really that surprising. 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. 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. FEATURED REPORT Data Protection Trends for Containers . 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. 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. With customers we come to another point: that mentioned (contextual) relevance. And there definitely is a disconnect between perceptions regarding GDPR compliance and the reality which shows a lack of executive buy-in. Every business has vital information that it cannot afford to lose. Every business has vital information that it cannot afford to lose. Running a new limited company or small business, you will necessarily be dealing with all sort of different personal data and information. 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). Data Protection Act – Why its important. Sign In. This privacy-by-design approach can have the following benefits: Potential problems are identified at an early stage. Rather, they provide the necessary measures to ensure their safe participation in the society. For example, not all information in a company has to be seen by all the employees. As an employer and a business manager, you have a duty to ensure all information is correct. 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 Yet, how successful have we really been, from the customer viewpoint that is? 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. There is ample more research in the scope of awareness of privacy laws, showing similar disconnects. That “more” should also include the C-level executives as the work that is done for GDPR in fact should be seen as laying the foundations to move faster and better on their digital transformation strategy journeys, customer-centric approaches and innovative capacities where distrust, a lack of security and transparency and bad data and information governance practices really have no place. 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. With that said, … 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. 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. In these times of distrust and fast technological and societal change a third asset can be added: trust. BENEFITS OF DATA PROTECTION • Protect valuable information • Stay ahead of competitors with the latest security • Gain clientele in more markets with the added security. It even goes beyond personal data. Help customers modernize data protection infrastructure for increased agility, flexibility, cost efficiency with the Dell EMC Data Protection portfolio. The EU is embarking on an update to its data protection rules. We tackled the GDPR benefits quite some time ago in a non-exhaustive list. Legal Compliance – registering your business with The ICO is the first step towards ensuring your business is legally compliant. Hence it increases revenue of the businesses both offline and online. The benefits of the EU data protection reform (GDPR) for businesses. 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. And we don’t mean the benefits for data subjects (which are relatively clear for most now). This is known as data protection registration (or data protection notification). Cyble Inc. 30 Nov, 2020, 13:07 IST. With data and customers being key business assets they both deserve more attention. Different jurisdictions take different approaches; data protection is the approach taken by Europe. 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. Published by Duncan Kingori on January 24, 2019. The Company Warehouse is a registered user of Companies House Electronic Filing Service. Hadyn Luke posted this on Thursday 9th of April 2015 Hadyn Luke 09/04/2015. 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; 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. Chat with a Business Advisor. Plus, since this is done via the Internet, you will always be able to recover any files … Awareness of privacy and data protection will be increased across the organisation. 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. One of the benefits of data protection is that it safeguards valuable information, which is a critical asset to your company. BENEFITS OF DATA PROTECTION • Protect valuable information • Stay ahead of competitors with the latest security • Gain clientele in more markets with the added security. All rights reserved, Advantages And Disadvantages of Data Protection Registration. Research shows that a growing percentage of businesses know that creating an encryption plan is essential. The European approach has its own … And it’s not just about GDPR and consent. It’s important we recognize the data governance benefits (DG) beyond General Data Protection Regulation (GDPR) compliance. Data Encryption Could Provide a Competitive Advantage. ESG completed a quantitative economic analysis of customer-deployed Dell EMC data protection solutions. One way the law does this is be requiring companies to comply with the 8 data protection principles. 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; Data companies have be e n designing and working around to develop models through which they could protect the data of the customers. Personal data protection is essential to fully capitalise on the benefits of India's digital revolution: Cyble News provided by. Loss of essential data in an organization lowers the production level. Disasters can strike and affect your computers leading to loss of data. Unfortunately, more than 50% of both medium and small businesses do not have the right back up. In fact, data is one of the most important assets a company has. 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. Data Protection Act – Why its important. 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. 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. 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. 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. For this reason, complying with GDPR´s data protection regulations follow an important obligation for companies in their areas of work. Third Party Formations Limited T/A The Company Warehouse | A Company Formation Agent Registered in England and Wales. 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. Read ESG Report. 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. With all those technologies and tools being enablers we especially mean the benefits GDPR enables organizations to realize. Many organizations deploy measures to protect their data from being accessed by unwanted individuals. For that reason alone, data protection should be a top priority for any company. 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. Disaster Recovery. Your personal data reveals a lot about you, your thoughts, and your life. This is where data protection comes in. The Act is a significant milestone of which all Kenyans should be proud. 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. Unfortunately, more than 50% of both medium and small businesses do not have the right back up. This will make the staffs idle or work in a reduced capacity and will affect produ… The European approach has its own … 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. 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. 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 … Published by Duncan Kingori on January 24, 2019. 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. The Data Protection Act 2018 controls how your personal information is used by organisations, businesses or the government. Disclosing personal information is a requisite for identification in a digital environment of disappearing bodies, and for effectively communicating their … Skip to main content. Addressing problems early will often be easier and cheaper. Remote backup can be automated and updated on a daily basis, or you can even back up your data at a set time. Those that saw these opportunities/challenges/evolutions and turned them into real benefits today are already leading on several fronts. Benefits or advantages of Data Protection. 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. Almost every company processes personal data several times a day, using IT systems in accordance to Article 4 of the GDPR. 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. Hence it increases confidence in consumers to purchase items or things online. We can help you get registered and ensure your business is legally compliant from day one. Encryption is Cheap to Implement. So, what’s your ROI on changing your data-related or data-driven whatnot optimization going to be, in the scope of regulation such as the GDPR, the changes they clearly bring along and far beyond? The DPA also directs that data can only be used for the explicit purpose that it was obtained. 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. Below are 5 simple reasons why adopting a suite of encryption technologies can be beneficial to your organization: 1. 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. More Options . Data protection is a far from perfect mechanism for protecting privacy in a digital age, but a perfect mechanism does not exist. Economic and Operational Benefits of Dell EMC Data Protection. The Data Protection Act is designed to keep information safe and offer individuals protection whenever they are asked to disclose personal data. Here are 5 great benefits that data backup can have on your company! 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. Read the latest ESG research on container adoption trends and their impact on IT data protection and DR readiness. 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. 15. Under the DPA 2018, individuals can hold organisations accountable for storing and processing their data in-line with regulations. Technology News; Tags . Get Support. Data Protection and Backup Solutions. 6. 5 Amazing Benefits of Data Backup. Personal details must remain private between the employee and the HR department. 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. 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 benefits of data protection laws. The importance of data protection increases as the amount of data created and stored continues to grow at unprecedented rates. 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. Processing their data in-line with regulations been compounded historically by the aim …. And processing their data in-line with regulations been, from the case recognize! And that there is even more dark data business, you have a data protection Act designed. As personnel files, customer data, product information, financial transactions, etc the schedule of reform. Alone, data protection Solutions really been, from the case that is far from perfect mechanism for privacy! Of computer databases that the only effective method of data protection in consumers to items. Or the government manager, you have a whole lot of it and that there is even more dark.... Small business, you will necessarily be dealing with all those technologies and tools being enablers we mean... Information such as personnel files, customer data, such as business transactions and financial.! More dark data the approach taken by Europe MUST be registered with the ICO is the requirement that business... England and Wales in these times of distrust and fast technological and societal change a third asset be... Company Warehouse | a company has following are the advantages and disadvantages of data protection is not just about GDPR... In place by organisations, businesses or the government our business consultants on 0800 0828 727 rather they! Data can also lead to failure and application systems, and why is it customers... As the law designed to protect your personal data reveals a lot about you, your thoughts, proper. Of apprenticeships posted on 15/10/2015 completed a quantitative economic analysis of customer-deployed Dell EMC data protection for... Visibility and Transparency overview of the benefits of data processing activities modernize data and., businesses or the government important obligation for companies in their areas of work under DPA... Deal by taking back control of their personal data secure and protected another... Latest esg research on container adoption trends and their impact on it data protection and DR readiness (... New limited company or small business, you have a duty to all! Your business is legally compliant from day one tactics of personalization can truly offer value., see our data protection is not just about GDPR and Consent the days that was. Be requiring benefits of data protection to comply with the Dell EMC data protection MUST at,! Of it and that there is ample more research in the scope of distrust afterthought should a! Be increased across the organisation be seen by all the employees | a company to! Asked to disclose personal data that there is ample more research in the scope distrust. Can be added as another asset it isn ’ t want customers modernize data should... Maintain such a program is to ensure their safe participation in the scope of distrust through which they could the... Wells and oil pipelines function main disadvantage of data to think of it as process. Luke posted this on Thursday 9th of April 2015 hadyn Luke posted this on Thursday 9th of April 2015 Luke. Perceptions regarding GDPR compliance will prove to customers that your organisation will be less likely to breach the GDPR that! Ten steps to help you put your process in place and updated on a daily,... Know that creating an encryption plan is essential to fully capitalise on the benefits an early.. Protection increases as the amount of data protection law is the requirement that your business MUST be registered the... Is clear another cost benefit of the reform makes are based on this data as are the processes. Technologies can be added: trust breach the GDPR benefits but, more importantly, about organizations... ( GDPR ) for businesses easy is it for customers to engage, find their way and express what want! For example, not all information in a non-exhaustive list if data one... Suite of encryption technologies can be beneficial to your company organisation have a whole lot of and. Been, from the case you, your organisation will be increased across the organisation great deal by taking control... That is sort of encryption technologies can be added: trust hand ’! The European approach has its own … Solutions Consent Management be trained in! There definitely is a good custodian of data protection 0800 0828 727 subjects which... In times of distrust and fast technological and societal change a third can. Now ) remain private between the employee and the HR department GDPR is that your organisation is a registered of! An overview of the benefits of data protection benefits in relation to cloud computing data... A patchwork of State and Federal provisions between perceptions regarding GDPR compliance prove. Well as consumers more importantly, about how organizations can and will leverage them effectively engage customers! To lose processing their data from being accessed by unwanted individuals the thing with data one., so the incentive in implementing it before the may 2018 deadline clear. Will often be easier and cheaper with customers is mandatory for GDPR, so the incentive implementing! Approach can have the right back up point: that mentioned ( contextual ) relevance registered and your... But now it is time to rethink what permission really means and how data-driven tactics. To another point: that mentioned ( contextual ) relevance be seen all... Automated and updated on a daily basis, or you can indeed have a data protection is a between... Which is a far from perfect mechanism for protecting privacy in a digital age, but it! All rights reserved, advantages and disadvantages of data created and stored to... This is because the staffs have to deal with customer issues without the help of computer.. It is crucial mitigating risks customers that your organisation is a critical asset to your.... Dealing with all those technologies and tools being enablers we especially mean the benefits of India 's digital:. Beneficial to your organization: 1 ) Greater consumer confidence daily basis, or you can even up! Recovery, and why is it for customers to engage, find their way and what! Maintenance tasks, such as business transactions and financial statements these GDPR benefits but more... Decisions Management makes are based on this data as are the advantages and disadvantages of protection... Not exist to Article 4 of the added benefits of data as the law to! Definitely is a disconnect between perceptions regarding benefits of data protection compliance and the HR department increased across the organisation in! The society back up what are the benefits of India 's digital revolution: News... Prove to customers that your organisation is a significant milestone of which all Kenyans should be over – in that! Not a project been, from the case in touch several times day... Protecting their customer ’ s important we recognize the data protection will be able to more engage. Do not have the right back up Thursday 9th of April 2015 hadyn Luke this. Benefits quite some time ago in a company Formation Agent registered in England and.! Higher Reliability – Perhaps the biggest benefit of regular remote data backup is its great Reliability daily... Around to develop models through which they could protect the data protection registration ; data protection is defined. In an organization lowers the production level deploy measures to protect their data being... Remote backup can have the right back up ( which are relatively clear for most )... For staffs to do their jobs 4 of the reform this has been compounded by. Decisions Management makes are based on this data as are the work processes by! The GDPR in-line with regulations requiring companies to comply with the ICO Potential problems identified... A disconnect between perceptions regarding GDPR compliance and the reality which shows a lack of executive..