Before directly jumping into the discussion of how technology makes businesses GDPR compliant, first, we have to understand what is GDPR?
GDPR stands for General Data Protection Regulation Act. It is a set of rules made to provide European citizens control over their data. Its prime motive is to simplify the regulatory environment for businesses and enable citizens and businesses in the European Union to get the entire benefit from the digital economy.
The reason behind the initialization of GDPR was the rapid growth in the unscrupulous usage of information by companies across various countries. To stop this and protect citizens’ information from different nations, the EU declared the GDPR act on May 25th, 2018. The act was formed to ensure that organizations don’t misuse the available information.
Soon after the announcement, companies started looking for various ways, which can make them GDPR compliant. They started embracing various technologies that can help them to achieve their aim.
So here are a few ways which show how technology can help businesses to become GDPR compliant.
Data is the pivotal asset of an organization. So when organizations prepare to protect data, they should protect the location first, where data is stored. Organizations should discover the location where data is stored and then safeguard it from unauthorized intruders who can misuse the data and cause compliance issues.
Data management, in this regard, helps organizations to achieve this. It empowers organizations to identify data assets and chain them together to create structured data relating to individuals. So, if the data subject requests their information, they can have the relevant details presented in a readable and understandable way, but with a minimum of fuss.
If organizations want a future-proof GDPR compliant architecture, API management is the best option for them. By informing users about the regulations relating to data access and data portability, API management enables organization to quickly and smoothly adopt rules for gathering consent. It can mitigate the amount of time consumed by developers and IT professionals for connecting technology with an organization.
Blockchain technology encompasses digital ledgers which store information in an encrypted way. It restricts users to make any changes with the data stored in it. Today, many companies are rapidly embracing the blockchain technology to achieve GDPR compliance. It allows users to sign on the provision of information to a vendor with their digital identity. Also, it enables companies to hide their data from their competitors. With data privacy, blockchain technology allows organizations to safeguard and secure their information.
Technology is playing an imperative role in protecting information from potential threats and breaches. Organizations that are still giving thoughts to adopt technology to achieve GDPR compliance are still behind. So adopting technologies and using it properly to manage the most valuable asset of organizations is very crucial.