RELTIO CLOUD FOR GENERAL DATA PROTECTION REGULATION (GDPR)
Data change & erasure. Audit support. Downstream application updates.
Enforceable on May 25, 2018, primary objectives of the GDPR are to give control back to their EU citizens and residents over their personal data, to simplify the regulatory environment for international business, and to unify regulations within the European Union.
GDPR is relevant for any organization doing business with EU citizens, regardless of where the company is based. Personal data includes a wide range of personal identifiers, from addresses and public information, to social profiles, images, IP information, device IDs and medical and financial details.
Watch the brief video below to understand how Carol in Compliance and Clark the Data Steward can work together to solve GDPR challenges
Modern data management for Transaction and Interaction Information
Consumer personal data collected within your enterprise is often distributed to multiple systems and organizations, resulting in duplication. Your organization may be considering master data management (MDM) solutions to address various data management needs including compliance challenges. Legacy MDM systems may comply with a small part of the regulation by managing profile data, but they also leave it to you to figure out how to manage the transaction and interaction information distributed across systems and channels.
Complying with GDPR should be part of your day-to-day operations. Reltio’s philosophy is that your Modern Data Management platform should organically support the key elements of GDPR by managing your consumer’s profile information, lineage and succession through your day-to-day data management activities.
Watch the 3 minute video below for an overview and demo illustrating the different ways Reltio enables GDPR across an enterprise.
RIGHT TO BE FORGOTTEN
GDPR guidelines require your organization to support your consumers’ “Right to be forgotten” and purge their records upon request.
Your business will also need to support your consumer’s request for a copy of their information in a portable format.
Reltio Cloud guarantees purging of all traces by customer entity type in support of Data erasure, including the removal of any attribute, historical activities made by individuals captured as part of their digital activities and activity logs on the Reltio Platform.
The new legal framework requires your organization to support the ability to demonstrate the deletion of your consumer’s private information.
Attributes are also traced back to the internal and external data providers they came from. In the case of a change request, the request can be routed back to its original source.
Your organization must support a provision to produce the consent on request, and a way for consumers to withdraw the consent.
Explicit consent is required before information is collected, and adult consent is mandatory when the collection of data involves children below the age of 16 years.
Reltio Cloud enables the management and maintenance of rights and consents with the ability to capture and store consent types using graph technology to easily find out whether an adult provided consent regarding the collection of information for a minor.
With GDPR, consumers get new rights about how their data should be managed by you. So your business needs a mechanism to support that right.
The Reltio Cloud platform has integrated workflows, like data change requests, deletion requests and review requests.
Reltio Named a Leader among Machine Learning Data Catalogs By Independent Research Firm
Report gives company highest possible scores for Machine Learning, Growth, Stewardship & Governance, Collaboration, Security and Planned Enhancements criteria.
TEN STEPS TO GDPR COMPLIANCE
Effective May 25, 2018, General Data Protection Regulation (GDPR) will represent the most rigorous data protection regulation ever. Complying is not optional, and the penalties are very high. As companies scurry for total compliance, it makes sense to pause, assess, and use this opportunity not only for compliance but for managing customer data efficiently and gainfully.
ARE YOU READY TO MOVE TO MODERN DATA MANAGEMENT?
Get Estimated Operational Savings By Moving To Modern Data Management.
MACHINE LEARNING PUTS DATA FRONT AND CENTER FOR BUSINESS
Machine learning is surrounded by fascination and awe. It can drive better personalized experiences with customers, increase workforce effectiveness, and de-risk your organization from security threats and regulations. But, machine learning needs quality data, relevant data, and better context surrounding transactions, interactions, operations and decisions.
Businesses Feeling the Heat of the 'Amazon Effect'
Over the past 10 years, Amazon’s market value has grown more than 2,000 percent. The entire retail industry is feeling the heat, and companies are investing in digital transformation initiatives to help them compete. Walmart, for example, is rapidly investing in digital capabilities and online brands (it acquired Jet.com, for example).
WHY MASTER DATA MANAGEMENT AND MACHINE LEARNING GO HAND IN HAND
Reltio's inclusion in the The Forrester Wave™: Machine Learning Data Catalogs Q2 2018, by Michele Goetz with Gene Leganza, Elizabeth Hoberman, and Kara Hartig, Forrester Research, June 2018, sparked (pun intended) several questions. Such as why was Reltio included, how did we receive such strong marks, and why were we the only Master Data Management (MDM) vendor in the Wave?