If you do business with clients in the European Union, you have probably heard of the new General Data Protection Regulation (GDPR) that takes effect in Spring 2018. This new EU regulation ushers in strict new requirements for safeguarding the security and privacy of personal data, along with requiring active opt-in permission and ease of changing this permission.
Most articles you read about GDPR nowadays focus on the risks on non-compliance, and penalties are indeed stiff: up to €20 million or 4 percent of annual turnover. However, we recently hosted a webinar at Service Objects with two experts on GDPR, and they had a refreshing perspective on the issue – in their view, regulators are in fact helping your business by fundamentally improving your relationship with your customers. As presenter Tom Redman put it, “Regulators are people (and customers) too!”
Dr. Redman, known as the Data Doc, is the author of three books on data quality as well as the founder of Data Quality Solution, and the former head of AT&T’s Data Quality Lab. He was joined on our webinar by Daragh O’Brien, founder and CEO of Castlebridge, an information strategy, governance, and privacy consultancy based in Ireland. Together they made a case that GDPR is, in a sense, a healthy evolution across Europe’s different cultures and legal systems, taking a lead role in how we interact with our customers.
As Daragh put it, “(What) we’re currently calling data are simply a representation of something that exists in the real world who is a living breathing person with feelings, with emotions, with rights, and with aspirations and hopes, and how we handle their data has an impact on all of those things.” And Tom painted a picture of a world where proactive data quality management becomes a corporate imperative, undertaken to benefit an organization rather than simply avoid the wrath of a regulator.
At Service Objects, we like Tom and Daragh’s worldview a great deal. For our entire 15-plus year history, we have always preached the value of engineering data quality into your business processes, to reap benefits that range from cost savings and customer satisfaction all the way to a stronger brand in the marketplace. And seen through the lens of recent developments such as GDPR, we are part of a world that is rapidly moving away from interruptive marketing and towards customer engagement.
We would like to help you be part of this revolution as well. (And, in the process, help ensure your compliance with GDPR for your European clients.) There are several ways we can help:
1) View the on-demand replay of this recent webinar, at the following link: https://www.serviceobjects.com/resources/videos-tutorials/gdpr-webinar
2) Download our free white paper on GDPR compliance: https://www.serviceobjects.com/resources/articles-whitepapers/general-data-protection-regulation
3) Finally, contact us for a free one-on-one GDPR data quality assessment: https://www.serviceobjects.com/contact-us
In a very real sense, we too are trying to create a more interactive relationship with our own clients based on service and customer engagement. This is why we offer a rich variety of information, resources and personal connections, rather than simply tooting our horn and bugging you to purchase something. This way we all benefit, and close to 2500 existing customers agree with us. We feel it is time to welcome the brave new customer-focused world being ushered in by regulations such as GDPR, and for us to help you become part of it.