INDUSTRY WATCH
“IF YOU ARE PROCESSING
ANY EUROPEAN DATA YOU
ARE ALREADY LIABLE.”
GDPR compliance challenges, enabling
enterprises to better understand what
personal data they have, respond to
customer requests and meet GDPR
obligations regarding the collection,
storage and handling of personal data.
“Transforming enterprise data into
a strategic asset that can be used to
cut costs, improve customer service,
reduce risk exposure and otherwise
increase stakeholder value is no longer
a nice competitive advantage. It’s a
requirement of success for today’s
digital businesses,” said N. Robert
Hammer, chairman, president and CEO
of Commvault.
“With the introduction of the new
Commvault Data Analytics Portfolio and
its first application, we are delivering on
our vision to push Commvault further
into the analytics space while providing
customers with the mission critical data
capabilities needed to solve their real-
world business challenges.”
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INTELLIGENTCIO
The general release of Commvault’s
information governance for data privacy
is expected to be available by the
end of December. At Commvault GO,
Intelligent CIO spoke to Dr Jacqui Taylor,
founder of flyingbinary.com, about the
challenges Middle East businesses face
in complying to GDPR.
Are Middle Eastern countries likely to
think that they don’t need to comply
with GDPR?
I think it’s probably right. We as
Europeans have a view on what I
call the Foundations of the Privacy
By Design principles. I think that is a
European-centric view. However, with
this regulation there is an opportunity
– so I would say if that’s true in the
Middle East (an unwillingness to
comply) they are missing a trick.
The reason being the service I’m here
to talk about, the RegTech service,
which is built from a compliance point
of view, transforms organisations from
a transactionable point of view taking
more of a regulationary viewpoint and
using that as a foundation for change.
The clients that are taking those services
are actually readying themselves for the
Internet of Things (IoT) because the
changes that we will experience as part
of the compliance will actually be very
similar to the changes that you will need
to leverage IoT.
So the European Commission has given
me leave to explain what the RegTech
opportunity is in Europe. When you add
this to an IoT offering this can be a two
times multiplier in terms of investment.
If you can show three times on the dollar
for IoT you can access venture funding
and from a territorial point of view that’s
an inward investment opportunity that
the Middle East is not looking at.
You can think about the threat of a fine
of 4% of global turnover but actually
what you are not understanding is that
this is the next layer. This regulation
can be used to move from DT (Digital
Transformation) to IoT if you’re smart
about it so they are passing up that
opportunity to do that – so if the rest of
the world are looking at this I would say
the Middle East are a smart bunch and
I wouldn’t think they would want to be
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