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June 5 2015

The Business Impacts Of The General Data Protection Regulation Part Two

In the second of a three-part series on the people, process and technology impacts of Europe 's forthcoming General Data Protection Regulation, Steve Kenny looks at how the new rules will affect change organizationally. Executive awareness of the General Data Protection Regulation (GDPR) is typically based on two factors. First is a board 's quest to create value from innovation, which has driven ambitious initiatives to define and unify data strategies across divisions. Second, the GDPR obliges audit committee mandates to intersect those objectives as the shareholders ' fail-safe. While GDPR requirements have yet to be finalized, 20 years of jurisprudence dictate a direction of travel. What will likely follow affects five key areas within an organization:

Change 1: Using Customer Insights To Power Risk-Management
Change 2: Data
Change 3: Core Compliance
Change 4: Assurance
Change 5: Regulatory Intermediation