GDPR compliance is essential for businesses based in the European Union or dealing with customers within the EU. Datavault Builder assists in establishing GDPR-compliant data analytics.
Initiating the process with the business model enables the involvement of key individuals from the start, facilitating discussions on data sensitivity and ownership.
This approach ensures a comprehensive overview of Personally Identifiable Information (PII) across the company by integrating all data sources.
Datavault Builder automates the creation of necessary documentation by implementing full data integration, historization, and data harmonization.
Understanding the origins of your data and its users is pivotal for GDPR compliance. Datavault Builder simplifies this by automatically generating a clear data lineage, accessible within our solution and shareable with reporting tools and other data management systems.
Navigating GDPR compliance in modern analytics can be challenging. By utilizing solutions like Datavault Builder, which facilitate GDPR compliance, and in collaboration with our technical partner Ellie, we demonstrate how business users can tag PII data during modeling. This information is then automatically segregated in the data warehouse, enhancing compliance.
The General Data Protection Regulation (GDPR), effective as of May 25, 2018, is an EU regulation that focuses on data protection and privacy for all individuals within the EU and the European Economic Area (EEA). It also regulates the export of personal data outside the EU and EEA, superseding the 1995 EU Data Protection Directive. GDPR is crucial for companies as it enforces stringent guidelines on personal data collection, usage, and security, empowering individuals with control over their personal data and demanding transparency from companies about their data practices.
Personal data under GDPR includes identifiable information such as names, addresses, email addresses, IP addresses, and sensitive data like genetic and biometric data. The regulation applies to any entity processing the personal data of individuals in the EU and EEA, irrespective of the company’s location. Non-compliance with GDPR can lead to severe penalties, including fines up to €20 million or 4% of the company’s annual global turnover, highlighting the importance of adherence and the implementation of robust compliance measures.
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