DATA PREPARATION IN A NEW REGULATORY CLIMATE 7 tips to get ready for the age of information governance BY RAFAEL MOSCATEL
ontent may still be king, but now, the ownership and control over it may very well belong to the people! With new pressures introduced by the European Unionâ€™s General Data Protection Regulation (GDPR) and recent stateside efforts to do the same (such as the California Consumer Privacy Act), organizations are revisiting the efficacy of their data and information governance programs. While laws and regulations may vary by industry and company size, most of them act to protect consumersâ€™
personal data by prescribing technical and governance standards, backed by stiff penalties for non-compliance. Notably, these types of directives also introduce a duty to destroy data once it no longer serves a legitimate business purpose. For entities that have grown accustomed to leveraging cheap digital storage, this new responsibility presents many logistical hurdles. However, implementing such guardrails offers an opportunity to enable better governance throughout the organization, monetize the life cycle of information assets, and foster trustworthy
relationships that can enhance the customer experience. By complementing policy frameworks and toolsets with information governance approaches, we can future-proof our businesses from the near-daily siege of data and privacy breaches, seemingly with no end in sight. Information governance is the bright light at the end of that tunnel. O
RAFAEL MOSCATEL, CRM, IGP, is the Managing Director of Compliance and Privacy Partners, LLC. Contact him at www.capp-llc.com or follow him on Twitter @rafael_moscatel.
DOCUMENT Strategy Summer 2019