NTT DATA UK is pleased to announce it has partnered with Privitar to deliver data protection solutions that will ensure companies working with sensitive customer data are compliant with the new EU General Data Protection Regulation (GDPR).
Valuable data assets are growing exponentially and the desire by companies to extract value from this data is at an all-time high. Many companies have built powerful commercial models centred on the insight extracted through the analysis of data. However, these organisations are increasingly being forced to deal with a conflict that occurs between the desire to extract greater value from sensitive data assets and the need to do this ethically and securely.
To download a whitepaper about GDPR and how businesses need expert support to adapt to the legislation’s requirements, please visit: https://www.privitar.com/gdpr-nttdata-privitar.
The GDPR will require significant changes to the way companies process and use the personal data of any European customers. The scope and ambition of the regulation is significant with key provisions requiring:
- ‘unambiguous’ consumer consent in how their data is used,
- a need to build in privacy-by-design at the collection design stage,
- a broader definition of personal information to include IP addresses and location data.
The regulation is complex and the cost of non-compliance is high – up to 4% of global revenue (an average of ??600m for a FTSE 100 company).
Additionally, the EU has granted a two-year grace period that will put many companies under pressure to re-architect systems by May 2018. To manage this challenging timeline, companies will need experts who both understand the importance and value of data to the business and can provide turnkey solutions, compliant with regulation and based on industry best-practice. NTT DATA has partnered with Privitar, combining its expertise in delivering process technology solutions on a global scale, with Privitar’s leading privacy software based on patented IP.
‘By combining NTT DATA’s sector-specific domain knowledge with Privitar’s software we can now deliver programmes that make our clients champions of both privacy and innovation,’ said Steve Mitchener, CEO of NTT DATA UK. ‘I’m excited that this partnership will allow our clients to fully utilise their data assets without fear of reputational damage or regulatory action.’
Jason du Preez, CEO, Privitar said ‘NTT DATA operates at a global scale and comes with an impeccable track record. Partnering means we can help our customers navigate the complex information security and privacy landscape and deliver our leading privacy software products to hundreds of leading corporations globally’
About NTT DATA
NTT DATA is a leading IT services provider and global IT innovator. Headquartered in Tokyo, with business operations in more than 40 countries, we put emphasis on long-term commitment and combine global reach and local intimacy to provide premier professional services from consulting, system development to business IT outsourcing. For more details, visit [www.nttdata.com]
Privitar is an enterprise software company based on the South Bank of the River Thames in London. The company’s mission is to promote and facilitate the ethical and safe use of valuable data assets. The company works with the world’s largest organisations to drive benefits from data through broader use, collaboration and monetisation without compromising on data privacy and security.