Less than Two-Thirds of Global Companies Achieving GDPR Compliance before May Deadline
HYANNIS, Mass. and McLEAN, Va. – March 27, 2018 – Although the General Data Protection Regulation (GDPR) deadline is quickly approaching in May, the majority of global organizations are still just beginning their compliance journey – if they have even begun at all. In response to the new regulation, BackOffice Associates, the worldwide leader in information governance and data stewardship solutions, is helping organizations understand, transform, and govern personal data as a corporate asset through its Information Governance Solution for GDPR Compliance. According to Forrester Research in its recent research report “The State of GDPR Readiness”, only 30 percent of surveyed companies globally are fully GDPR-compliant today and only a portion of those firms surveyed have actually engaged in data discovery and classification exercises.
“Achieving GDPR compliance requires a clear understanding of where an enterprise’s customer data resides and what it contains throughout the organization’s complex information systems,” said Rex Ahlstrom, Chief Strategy and Technology Officer, BackOffice Associates. “Organizations should employ a long-term information governance strategy that supports GDPR compliance but that also leverages this initiative to empower the business to manage data as an ongoing corporate asset.”
BackOffice Associates’ Information Governance Solution for GDPR Compliance is powered by the company’s Information Governance Cloud (IGC) and Data Stewardship Platform (DSP) software products, which enable organizations to set, manage and enforce data-related policies. BackOffice Associates also provides specialized GDPR consulting services for a tailored, three-phased engagement that meets each organization’s unique business environment and compliance needs. This includes balancing GDPR compliance needs and organization-specific requirements, maturity, capabilities and risks; fostering organizational awareness and leadership around GDPR compliance; and creating a fact-based, customized roadmap to ensure ongoing data monitoring and information governance processes are in place for organizations’ sustained GDPR compliance.
Through this comprehensive set of software and services, organizations can gain a deeper understanding of personal data by discovering, categorizing and cataloging it as well as assigning ownership to the data in a security-rich environment. Through role-based dashboards, information stewards can continuously monitor their systems to ensure the company is adhering to its compliance policies. Additionally, by leveraging a crowdsourcing approach, the solution allows organizations to identify and establish best practices for data management across a community of data stakeholders and guides data contributors to create highly impactful governance policies and assets for GDPR compliance needs and beyond.
For more information on GDPR requirements and getting better value from data, please download our complimentary GDPR ebook here.
About BackOffice Associates
BackOffice Associates is a worldwide leader in information governance and data stewardship solutions, focusing on helping customers manage one of their most critical assets – data. Our range of award-winning products, built on a revolutionary platform, address the needs of business users seeking to unlock the value of their data assets. Our products and services enable organizations to accelerate growth, gain actionable visibility and reduce risks. Founded in 1996, we have an unparalleled record of success in the most complex data environments across a variety of industries. Customers include many Fortune 1000 companies including Eli Lilly, Kraft and Graybar. BackOffice Associates is a global corporation headquartered in Massachusetts with additional offices in the U.S., Australia, Canada, Dubai, India, Singapore, Switzerland and the U.K. To learn more, please visit www.boaweb.com
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