EDM Council Report Finds Data Management Key to GDPR Compliance

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A new press release reports, “EDM Council has published a comprehensive report identifying the critical role data management must serve for firms to comply with the General Data Protection Regulation (GDPR), which goes into effect on May 25, 2018. GDPR states that all businesses, regardless of where they are located, must protect the personal data and privacy of people in the EU. The EDM Council report, ‘General Data Protection Regulation (GDPR): The Role of Data Management,’ was developed with 40 expert practitioners from 24 member firms, including 14 global systemically important banks (G-SIBS) and regional banks. The report points out that, because the privacy function is executed across the enterprise wherever personal data is managed, compliance to GDPR is only achievable where a comprehensive data management framework is in place. The group concluded that using the EDM Council’s DCAM™ (Data Management Capability Assessment Model) provides the structure and critical capabilities for supporting the data and data management requirements of GDPR compliance.”

John Bottega, Executive Director of the EDM Council, commented, “Through the efforts of our GDPR Working Group, we are pleased to publish ‘General Data Protection (GDPR): The Role of Data Management,’ describing the data management best practices needed to help organizations from all industry comply with GDPR… This is an important example of how the EDM Council continues to collaborate with industry experts in order to bring value to its members and to all industries impacted by GDPR.”

Read more at PRweb.

Photo credit: EDM Council

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