No, readers. This won’t be yet-another-story all about GDPR. True, when reviewing the year’s highs and lows of data management, we must acknowledge the struggles to comply with the May 2018 deadline of this ground-breaking EU directive. However, there are many other data management difficulties and successes to consider as well.
Beyond GDPR, let’s get a bird’s-eye view of the year’s top data management challenges.
Looking Back on the Year of “More”
Data management’s top insights this year could lead records and information management (RIM) pros to name 2018 “The Year of ‘More.'”
More data is being generated than ever. (Thank you, IoT and your avalanche of new devices.)
According to this mind-boggling Forbes compilation, you can expect about 200 billion “connected, ‘smart’ devices” by 2020. To help manage the deluge, many organizations are looking to centralized policy dashboards, AI and machine learning.
More very public data breaches
CBIZ notes there have already been 864 reported breaches and over 34 million affected records as of September 5 this year. Find trusted partners to prevent events or help remediate post-event fallout for you and your customers.
More data privacy regulations
Okay, GDPR, you get your due. Organizations are still working to master GDPR basics. These include developing more comprehensive data maps, better data discovery and more-specific data classifications. Good progress is being made, however, in areas like records retention.
More data flowing to/from organizations
Organizations must share data with an increasing number of third parties. According to a 2018 Nexla report referenced by Information Management, 48% of those surveyed now share data with 10 or more partners. Ensure that your partners are reputable and accredited by third parties. Ask prospective partners good questions about how they would protect your records.
Sure, RIM pros could gripe about new requirements, but such needs also bring more recognition and attention to information management as a C-suite priority. (Hello, office of the CDO!)
As they say, good data is the “new oil” and the hottest commodity around. It’s nice to see organizations treating it with the special care it deserves.