The Impact on Corporate and Information Governance of The EU GDPR On the Use and Analytics of Ecommerce Retail Stores Data Collected Over the Internet and Other IoT Infrastructure
derby. ac. uk Abstract. Europe has established and defined a new data regulation and protection policy the GDPR which is mean to the privacy of the data on clients and the citizens of the member countries are protected. The policy will have impacts on the companies that operate using the data of the clients and how the usage of the data should be managed. Safety in Handling and Transferring the Data across Borders. Appointment of a Data Protection Office to Oversee the GDPR Process. Evaluation of Governance Issues 4 3 Governance Strategy Proposal 5 4 Advantages/benefits of adopting the new policies to the consumers and the retail storess. Innovation 5 4. Data trust 5 4. Data that has been exposed to other parties can result in loss of privacy in the owner of the data, and the data can be used to extort or merely embarrass the owner.
The GDPR is aimed at ensuring that the retail stores already compliant with the Data Protection Directive 95/46/ec adopt the new policy of which failure to will attract penalties in the agencies and firms. A close look onto the objective of the data protection society reveals that the retail stores emphasizes the use of data protection and management policies aimed at ensuring the accessibility of such data and its privacy (ico. org. uk, 2017). Using this information. target advertising and promotional activities can be carried out by these stores. This discussion will be based on the data collected by retail stores which operate ecommerce web platforms for their different business operations. The different methods that the retail stores use in the collection of the user data are based mostly on the device the user uses in accessing the sores.
In case the user has other accounts on the same device, the retail store can access the searches and base the advertisement and promotion on the users searches of items such as mobile phones, types of food and clothing. This will impact the retail stores in that they would have to ensure that the subject or the owner of the data is well informed and has consented to the use of the data by the retail stores. In case, the client, is not ready to have the data used in the different processes of the team, using this data would attract punishment or other legal procedures on the retail stores. The strict nature of data usage is to create the sense of responsibility on the usage.
Anonymizing Collected Data for Privacy. This is another regulation provision of the new policy. This is also to prepare themselves and take necessary precautionary measures to protect their end of the data. Without notifications, the user of the data cannot be ready for any case of loss of their data and the impacts it has on their inside however with the requirement other new policy, this will be avoided, and the subject prepared for any dangers and risks associated with the data breach. Safety in Handling and Transferring the Data across Borders. Companies Share Data or Use Overseas Storage Locations to Safeguard the Data. However, in the process, the data might be lost or lose its credibility due to the interactions and compromises that might result from the beaches and worn transmission protocols.
The aspect of responsibility in the data usage would also be achieved in the process as the new rules and policies are adopted by the retail stores. Ensuring responsible and safe utilization of the customer data who are even citizens in the country is significant as a right to the citizens (Davies, 2012). The right to privacy is encapsulated in the process of data and information concerning the subject remaining confidential and only used with their consent. Based on this, the government perceived that the regulation would ensure that the individual whose data are used in under the new management would more comfortable knowing that they control the usage of their data and that the retail stores who failed to act responsibly are liable to answer for the failure.
The rules also require that social media platforms to delete information and data on adults and children in the country in case this is needed (Morrison, et al. The standards that have been set by the GDPR are so high that it will be challenging to come up with new regulations that would reflect such needs of data protection (Kolk, 2008). Considering the future of information and data storage is still expanding, it is possible that further controls would need in some time in the future. To achieve this innovation would take place to ensure that the regulation is as par the then storage and distribution methods not captured in the current proposed rules. Data trust The new policies and regulations resulting from the innovation would have to capture critical attributes of data protection such as ensuring trust in both storage and distribution of the data (Said at.
al, 2009). Individuals with the qualification and security know-how and skills in the field of IT security will have the chance to work for the different companies in providing and ensuring the safety of the customer data. Data manager will also be needed to be vast in the new policy which increases the opportunity similarly in the job markets. Control of data and information by the owners. People having control of their data and information they provide to the companies is also an advantage to them. The confidentiality that people perceive as being essential or in other cases that they want to remain anonymous, the new policy provides for such opportunities which are an indispensable part of the case. Governance and sustainability: An investigation into the relationship between corporate governance and corporate sustainability.
Management Decision, 46(3), 433-448. Bonneau, J. Preibusch, S. The privacy jungle: On the market for data protection in social networks. ico. org. uk, 2017. Overview of the General Data Protection Regulation (GDPR). Online] Available at: https://ico. De Santis, F. The General Data Protection Regulation-Top 10 Considerations, s. l. s. n.
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