GDPR will affect you if you are processing any sort of data of people in the EU no matter where your organisation is located. Companies involved in Data Science needs to constantly strive to provide a seamless, integrated experience to help consumers to continue working smarter and without hesitations. |
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The GDPR is a regulation that is not bound to any country in the European Union specifically (Its a global requirement). It does limit it self to any particular technology or type of business even. It applies to all countries within the EU as well as to all companies providing services to and interacting with EU citizens and businesses. In short: the GDPR applies to a majority of all the enterprises there are on this planet. |
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Looking for a quick summary of this new regulation called GDPR? Read on: |
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The new privacy policy goes into effect on May 25, 2018. The penalties for non-compliance can reach €20 Million or four percent of the organization’s annual turnover, whichever is greater.
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I am in 100% agreement .... but hopeful it prevails with changes over time as this is in your favour , my favour and everyone favour.
It reminds me when the US government tried to make exportation of strong encryption algorithms illegal. I think it is still illegal to export encryption software (but not algorithms written in plain text) to some countries. This was driven by the same argument: a fear of data mining, analytics, and mathematics, by government lawmakers who do not understand anything about it. Eventually, just like with encryption laws, the GDPR regulation will die -- not because it is bad, but because it is very poorly designed by incompetent people. My 2 cents.
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