ANNAPOLIS, Md., Aug. 3, 2017 /PRNewswire/ -- DATUM, a leading provider of data governance and stewardship software, today announced that they've added a special edition of their Information Value Management® platform to their portfolio that focuses specifically on preparing customers to manage the new General Data Protection Regulation (GDPR) requirements.
The European Union's (EU) General Data Protection Regulation will go into effect May 2018. This regulation provides the legal framework for the protection of personal data for any individual based in the EU, regardless of citizenship, or where the data is being held. Contrary to popular belief, GDPR will impact most multinational organizations, not just those based in the EU. Per Forrester® research, "Data governance, stewardship, and discovery (DGSD) is an important element of the architecture you'll need to centralize the management of privacy policies, consumer rights, and company obligations."i
"The new General Data Protection Regulation will significantly impact data governance for organizations worldwide," said DATUM CEO Will Crump. "With the clock ticking down to May 2018, we realized that organizations will need to move quickly to make a significant evolution in their policies, marketing programs, systems, operations and overall information architecture – but they needed a solution to help get them there."
"Our GDPR solution does the heavy lifting so you don't have to," said DATUM CTO Manish Sharma. "With Information Value Management you're not starting from scratch. It comes preconfigured with GDPR base processes, rules, standards, data and other assets – such as templates and frameworks – that assist you in instilling governance as a process discipline and automating GDPR compliance management. On top of that, we've done this in a way that supports auditor engagement."
This special GDPR edition of Information Value Management enables organizations with the methodology and assets they need to successfully:
- Reduce Risk and Fines. Institute a systemic approach that provides demonstrable due diligence and audit readiness for regulators, you can minimize the potential for penalties for non-compliance.
- Connect Data to Compliance. Link GDPR-related processes, rules, standards, data and metrics to your organization's compliance goals and objectives.
- Build Trust with Customers. Demonstrate to customers that personal information is handled appropriately and that you are able to verify partners' compliance with GDPR.
- Enable Collaboration. Ensure that your internal stakeholders across the organization have visibility into the project and access to information.
Visit our GDPR Resource Center for more information and to request a demo.
DATUM drives decision integrity, empowering organizations to discover the right data and make the right decisions faster. By focusing on what data matters and why, DATUM's proven data governance and stewardship platform, Information Value Management®, delivers business value insights. Today, Fortune 500's trust DATUM as the data governance system of record to improve operational efficiency, deliver greater analytical insights and simplify compliance and regulatory reporting. www.datumstrategy.com.
i Forrester Research, Enhance Your Data Governance To Meet New Privacy Mandates, Henry Peyret, March 28, 2107.
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