Directions EMEA 2024
Directions EMEA 2024 Vienna updates and news from our team at the event. Get Business Central Updates.
The popularity and easy accessibility of the internet has contributed to change the way we communicate. We are now able to send thousands of emails in minutes, pay bills and have goods delivered right to our doorstep.
These processes involve divulging certain personal information about yourself. It includes your name, phone number, email address, location data, religion and more. The introduction of GDPR was to help improve the protection of data rights for EU consumers. As well as clarifying what companies with access to consumer personal data must do to safeguard said information.
You would no doubt have heard about the implementation of GDPR earlier this year. Businesses that collect or handle any form of consumer information should be well aware. But what exactly is GDPR and how can it affect the effective running or a business or department?
General Data Protection Regulation or GDPR as it is more commonly referred to, is a new set of rules designed to give EU citizens more control over their personal data. Its aim is to be mutually beneficial to both businesses and citizens by simplifying the regulatory environment.
The regulation applies to all businesses established in the EU. It also targets businesses that weren’t established in the EU, but offer goods or services to its citizens. If you’re not sure if you’re the new regulations apply to your business, you should consider HR consultants with GDPR knowledge because the penalties for not complying could be up to 4% of your annual global revenue or 20 million Euro (whichever is greater).
Under GDPR, individuals have the right:
The introduction of GDPR affects businesses from all services. Including social media, banks, retailers and even governments and much more. They all involve the collection of personal information like consumers’ names, credit card numbers or addresses. This information is then analysed and stored for years after business might have concluded.
GDPR puts the consumers in the driver seat, they are now able to control what information you hold about them and what you can do with it. The first implication for businesses is the need for a data protection officer or controller. They’ll be in charge of complying with the new regulations.
To address these compliances, business apps that manage subscribers and mailing lists like Microsoft’s Office 365 are now introducing features that cover the GDPR requirements for consumer consent.
Communication – The most noticeable impact on businesses the way businesses engage with consumers. There are now stricter conditions for obtaining consent from consumers as they can now withdraw their consent at any stage.
Lead Gen – If you buy leads, you’ll have to get the potential consumer’s consent again.
All of the information we provide is to our best understanding at the time of writing, however, this blog does not offer legal advice. If you require advice on your specific business we recommend that you seek independent legal advice.
Directions EMEA 2024 Vienna updates and news from our team at the event. Get Business Central Updates.
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