The General Data Protection Regulation (GDPR) is a European Union (EU) regulation that sets the standard for how companies and organizations handle personal data. This regulation was introduced on May 25th, 2018, with the aim of giving individuals greater control over their personal data while providing businesses with a clear set of rules to follow. In this blog post, we will explore the importance of GDPR principles in the context of enterprise data governance.
What is GDPR?
GDPR is a regulation that was introduced to protect the personal data of EU citizens. It applies to any organization that collects, processes, or stores the personal data of EU citizens. GDPR sets out strict rules that organizations must follow when handling personal data.
It gives individuals the right to know what personal data is being collected about them, the right to request that their data be deleted, and the right to know whom their data is being shared with.
How do GDPR Principles impact Enterprise Data Governance?
Enterprise data governance refers to the process of managing the availability, usability, integrity, and security of the data used in an organization.
GDPR significantly impacts enterprise data governance, as it requires organizations to be more transparent about the personal data they collect, process, and store.
Organizations must have proper data governance policies and procedures in place to ensure compliance with GDPR.
Here are some ways GDPR impacts enterprise data governance:
- Data Classification and Inventory: To comply with GDPR, organizations must clearly understand the data they collect and process. Data classification and inventory help organizations identify what data they have and where it is located. This information is necessary for GDPR compliance.
- Data Privacy Impact Assessment (DPIA): DPIA is a risk assessment that helps organizations identify and mitigate potential privacy risks associated with their data processing activities. DPIA is a mandatory requirement under GDPR for organizations that process high-risk data. It is essential for enterprise data governance as it ensures that personal data is being processed in a way that complies with GDPR.
- Data Retention Policies: GDPR requires organizations to retain personal data only for as long as necessary. Organizations must have a data retention policy outlining how long they will keep personal data and the reasons for doing so. This policy is crucial for enterprise data governance as it ensures that data is not retained longer than necessary.
- Data Breach Notification: GDPR requires organizations to notify authorities of a data breach within 72 hours of becoming aware of the breach. Organizations must also notify affected individuals if the breach will likely result in a high risk to their rights and freedoms. This requirement is essential for enterprise data governance as it ensures that organizations are transparent about data breaches and take appropriate measures to prevent future breaches.
Conclusion:
GDPR has a significant impact on enterprise data governance. Organizations must have proper data governance policies and procedures in place to comply with GDPR.
Data classification and inventory, DPIA, data retention policies, and data breach notification are some of the essential elements of GDPR compliance.
By adhering to these guidelines, organizations can protect the personal data of EU citizens while maintaining a robust and transparent data governance framework.
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