Oracle has released a rather interesting blog post, written by Paul Flannery, Oracle’s Senior Director for Business Development and Systems in EMEA, which connects to a specific whitepaper/report written by IDC’s Duncan Brown, which focuses on the General Data Protection Regulation (GDPR) and its impact on cloud environments.
We already talked a lot about the upcoming General Data Protection Regulation (GDPR), which comes into force in May 2018 and will impose rigorous data privacy standard both in the European Union as well as in other countries that store personal data of European citizens.
As we noted earlier, while the regulation talks about protecting personal data of EU citizens, its impact is far greater as it includes any data that can be used to identify a living human, including IP address. It also forces companies and organizations to use “state of the art cybersecurity” without precisely specifying technologies so it will be a “try-and-error” situation once it comes into effect.
The European Parliament, the Council of the European Union and the European Commission also comes with both strict and rather high fines for non-compliance, which are set at 4 percent of annual global turnover or €20 million, whichever is higher.
According to Paul Flannery, GDPR should not be seen as a compliance burden but rather as the best opportunity to “deploy long-term technology investment to unlock true digital transformation”. When it comes to a cloud environment, whether you are talking about public, private or hybrid, SaaS, IaaS or PaaS, all businesses are moving in that direction and most people agree that the shift to the cloud is inevitable, despite various security concerns.
As it is the case with most such big endeavors, Flannery notes that the transition to the cloud needs to be “carefully planned and architected properly”, especially with the GDPR coming into effect soon.
He also argues that the GDPR is a long-term commitment and an investment in implementing a cost-effective supporting structure will not only prove to be valuable in the years ahead but also might represent one of the biggest opportunities for companies to accelerate digital transformation.
As noted, IDC has gathered CIOs and CSIOs from enterprises in the EMEA region, in order to gain insight into GDPR approach with cloud adoption and security requirements. The result is the whitepaper/report, titled “Does Cloud Help or Hinder GDPR Compliance?”, which shows many upcoming benefits from GDPR as well as helps organizations to focus on the particular GDPR requirement and use the right technology in order to become compliant.