The General Data Protection Regulation, or GDPR, has completely changed how companies manage and use data. Our GDPR guide outlines the changes and what they imply for you.
The European Union’s primary digital privacy law is the General Data Protection Regulation. The mandate has implications for enterprises and people within the EU as well as for international organizations with a large EU user or customer base. It applies to organizations in all member states.
Even though many firms still view GDPR as a burdensome requirement, the law may really help to improve and streamline a number of essential business operations. At teamwork Ims, we are providing GDPR consultancy services for SME, multinational, charity, or public sector organizations.
Here’s a quick book on why GDPR is important for companies today.
1. Simplified automated business processes
Many smart organizations use their GDPR compliance requirements to carefully examine how they’re managing their duties to store, handle, and manage consumer and client data.
2. Enhanced credibility and trust
Article Five of the GDPR lists the following seven guiding principles:
- Legitimacy, equity, and transparency
- Limitation of purposes
- Data compression
- Accuracy
- Storage restriction
- Respect for morals and discretion
- Accountability
These seven guiding principles are emerging rapidly as the standard for data protection worldwide and serve as the foundation and justification for the majority of GDPR rules.
If a company can show that it adheres to the seven principles while making choices on data protection, it will acquire the respect and credibility of its clients.
A company has achieved a high degree of data security when it reaches complete GDPR compliance, which is a quality that all clients, customers, and business partners may value.
3. A deeper knowledge of the information is gathered
The GDPR provides organizations a better knowledge and appreciation of their information and how it travels across the organization when treated properly.
Marketing and sales teams, for instance, can get better control over who they can legally sell goods and/or services to with the help of GDPR. This strategy often produces smaller, more engaged audiences that are simpler to handle and manage.
In the meanwhile, privacy initiatives typically result in the consolidation of data platforms, which may help departments like human resources by facilitating simpler reporting and faster, better decision-making.
Furthermore, it supports the employee value proposition, which is crucial for both recruiting and retention. Employees feel more at ease and comfortable in their jobs when they are aware that their employer has a clear commitment to protecting their privacy and the security of their personal data, from how long it is stored to how it is destroyed.
4. Better handling of data
It is recommended that businesses start their GDPR compliance efforts with an internal, routine data audit. Analyze the information you gather, how much of it you collect, and the purposes for which you utilize it. By doing this, you will have a framework for deciding what you can keep collecting and what you should stop.
5. Maintained and improved brand and business reputation
Organizations may avoid potential penalties and also uncover hidden brand and reputational value by respecting the privacy of their customers.
The foundation of trust is privacy. Without a proven commitment to privacy, companies run the risk of losing their reputation and having their goods and/or services labeled as questionable or weird. Long-term GDPR compliance will increase client loyalty and trust as well as open doors to further innovation and value creation.
Why Us?
https://www.teamworkims.co.uk/gdpr/ we offer services to other businesses as well as for those looking to distinguish to potential customers as we know GDPR compliance is a need that is becoming more and more important.
It’s crucial to realize that GDPR compliance is a process rather than an accomplishment. It involves more than just checking off a list of standards; it involves adapting privacy and data protection as your business — and the sector, industry, or vertical in which it operates — grow, develop, and adapt.
