“PSST –
Wanna buy a database”?
by Andy Flinn of RDS Global
9 November 2017
Over the many years we all know that
databases “migrate” from one company to another, by means of an errant employee
moving jobs, friends who want to help, or accidental acquisition.
There aren’t many companies and if you’ve
been in business a while, many business owners, who have not encountered the
opportunity to increase your marketing reach by using “borrowed” data.
There may have been legal spats if the
originator can be bothered, but once the data has been moved on, there is
little that could be done in reality. All of this is about to change with the
GDPR, due to come into force on 25 May 2018!
From this point on, it is a matter of law as
to how data is controlled and moved, and it has a revenue earning
(self-financing through fines) police force attached called the ICO
(Information Commission Office) It will be their job to identify, prosecute and
fine those delinquent businesses who flout the new laws.
Between now and 25 May 2018,
all businesses have the legal responsibility to become compliant to the new
rules and regulations, or suffer the unwanted attention of the ICO.
GDPR is broad and deep and changes the way
that marketing can operate. Data is now the gold dust of your company, and the
old ways of sharing ad hoc, are now over.
For Marketers, this presents a significant
headache in the next 6 months. The need to identify the source of all existing data
across the company, understand if they have legal permission to process this
data post May 2018, and then tap dance through the maze of new regulations that
control how marketing data is to be used, when, by whom, and for how long.
Your positive actions will lead to
compliance, brand enhancement, customer confidence and retention and attraction
of your staff across the business.
Get it wrong, or simply not be bothered,
and the results could be catastrophic, as customers refuse to deal with a
non-compliant supplier, staff lose confidence in their employer, and heaven
forbid the ICO catch you out and punitive fines are levied.
This is not just about marketing data, it
covers all data wherever it is in the business. However, marketing is the shop
window of any business, and can drive a business success if data management is
done correctly.
So, how will you respond to the next person
who asks you ….. “psst – wanna buy a database”?
For information about the BMF's GDPR and CYber Audit Service click here