The Facebook Data Scandal and the GDPR
Privacy is a right. These days, people’s privacy extends to their data, and recent events prove just how harsh the punishment can be for not respecting it. In just two days, following the recent data privacy scandal, Facebook lost over $50 billion in share value, a 9% drop. In addition to this demonstration of consumer outrage, Europe has recently set a new data privacy standard with the General Data Protection Regulation (GDPR). Unfortunately, some companies are facing challenges as they work to comply with the GDPR; fortunately, however, data virtualization can actually turn GDPR compliance into an opportunity to not only comply, but to improve an organization’s entire data ecosystem.
ETL processes and other types of legacy data management techniques create a copy of the data they move. This conflicts with compliance because a company may be storing only as much data on a customer as is necessary under the GDPR “data minimization” principle.
Solution: Data virtualization can reduce or even eliminate the need for ETL and other replicating processes. This helps with GDPR compliance but has additional benefits as well, such as lower costs due to smaller data volumes.
Disparate Data Sources
The GDPR requires the use of reports as an auditing tool, but it is difficult to run a report on data that is spread across multiple, disconnected sources. It is challenging for an organization to demonstrate that it does not posses unfair, unnecessary, or incorrect data if the data is stored across separate databases, warehouses, cloud storage systems, etc.
Solution: Data virtualization provides a single access point regardless of where the data is stored. This architecture makes it a breeze to run a GDPR report because organizations do not have to go searching for pieces of data spread out across different systems. In addition to GDPR reports, business and other reports also become much easier to provide. The data lineage functions that the Denodo Platform provides also enhance reporting ability, since they enable administrators to trace the lineage of any data set or subset at all times.
The Sustainability of GDPR Compliance Solutions
Organizations may be GDPR-compliant today, but will they remain in compliance for the rest of 2018, into 2019, and beyond? More data, new data sources, and an ever-evolving data landscape make this a challenge.
Solution: Data virtualization provides a universal semantic layer above the disparate sources, which is a future-proofing architecture. Security restrictions baked directly into the semantic layer make all new sources and data automatically compliant. Denodo is constantly creating new connectors and staying current with the most cutting edge technologies, so that security and compliance evolves with the changing landscape.
Learn how to comply with the GDPR in 2 minutes:
Making the GDPR Advantageous
Preparing for GDPR can be a burden, but some companies are using data virtualization to not only simplify the compliance process but to use it as an incentive to improve their data ecosystem as a whole. Read this solution brief to see how Asurion leveraged data virtualization to seamlessly comply with the GDPR while gaining additional benefits.