General Data Protection Regulation (GDPR) impacts every organization that touches the European Union, and according to a recent PWC survey, more than half of U.S. multinational companies say GDPR is their top data protection priority. Taking full effect on May 25 2018, this regulation requires businesses to be accountable to consumers by not only protecting personally identifying information (PII), but understanding where it exists and managing it within in their potentially-vast information systems. Recognizing the complexities associated with this monumental task, Information Builders created its Accelerator for GDPR PII Compliance Analysis.
Many organizations struggle to measure their primary risks in relation to PII and associated pools of data. With the Accelerator for GDPR PII Compliance Analysis, companies can accelerate their insight into where their PII exists, understand their exposure, and take more-immediate action towards GDPR compliance. Through the Accelerator’s management dashboard, a company can focus on the relationships between existing PII data, its constituent elements, and prioritize efforts aligned with risk. The Accelerator InfoApp™ gives another layer of clarity by providing ad-hoc access to underlying data and analysis, enabling the quick creation of custom reports by selecting key fields and metrics for executives and stakeholders.
GDPR guarantees the right of portability for consumers: if a consumer requests an account of the PII as collected and stored by an organization, that company must be able to provide it. The Accelerator facilitates the identification of PII data, organized by risk categories (financial/person), risks by system (the various systems analyzed), risks by PII component (email, post code, etc.), and risks by classification (identified by highly sensitive, medium sensitive and low sensitive information). Once the risk is understood, a physical location of PII elements are viewable, allowing for the implementation of a plan that profiles specific areas for action to meet compliance for both protection and portability of consumer data. Over time, the insights provided by the Accelerator will help to improve data management practices and develop structured processes for processing personal information.
To learn more about the Accelerator for GDPR PII Compliance Analysis, its attendant benefits beyond GDPR compliance, and gain access to a free test-drive, visit our website. If you’re looking to reduce time to value for your other data and analytics initiative, learn more about our full portfolio of Accelerator offerings here.