The European Parliament, Council and Commission created a regulation which toughens and combines data protection for people inside the EU – This regulation is called GDPR. It is a single set of rules which are created in order to govern as to how personal data is used. This is done regardless of the source and across all uses.
GDPR protect the personal privacy laws pertaining to the data rights of the EU citizens. GDPR is not restricted to organizations inside the EU alone, on the contrary, any organization with customers in the EU will be affected.
The way companies handle personal data will change forever with the introduction of GDPR. Europe’s data protection rules have undergone a huge change with GDPR being introduced. GDPR replaced the 1995 Data Protection Directive. The internet is growing at a rapid pace. Digital content has increased at an unimaginable rate. This has led to loads of personal data being held digitally. With so much personal data out there, the need for an enhanced data protection regulation arose and hence, GDPR. What GPR does is, it empowers individuals to gain access and control over the information held on them. While empowering individuals, GDPR also holds organizations accountable for the way thy handle and store personal data. Companies will be required to have the latest documentation and communication when it comes to data protection.
Irrespective of the size of the business, data is always generated. If a website, a social media presence and a payment gateway exist, data definitely exists. This data can be collected on their customer, webpage navigations, user experience and lot more. However big or small a company is, the need for big data analytics to analyze its data is a must.
The use of advanced analytics gives you better insights. When the analytics provide you with custom market and business intelligence, the resulting insights will help make informed and better decisions.
Machine performance and human performance can be tracked. Deliver routes can be optimized. Recruitment can be made simpler. All of this can be done with advanced analytics. Be it any department of any business, operational efficiency is bound to become better with Big Data Analytics.
These are just a few ways as to how analytics is changing the way businesses function.
GDPR has a huge impact on advanced analytics because of the nature of how advanced analytics functions and the data which is collected and analyzed.
Let’s have a Look at How GDPR Impacts Advanced Analytics:
When we talk about ‘Big Data’, a large chunk of it comprises of personal data. The use of personal data has a huge impact on data protection, data privacy, individual privacy rights and more so. These rights are further empowered by GDPR. Does this mean that the end is near for Big Data Analytics? Not really!
GDPR and its related regulations do not aim at confining Big Data Analytics but rather, offer a structure for effective regulation. Big Data Analytics and data protection are objects that can enhance each other rather than stop each other from flourishing.
Not all of big data is personal data and only the personal data part of it is covered by GDPR. Big data analytics like weather data and so on are examples of non-personal data. For the purpose of analytics, personal data can be anonymized, rendering the data to not come under the data protection regulations.
Keeping that in mind, a lot of big data is personal data. This data can be used individuals directly or with a combination of datasets. Therefore, data protection is a must in this space. There are 3 different areas to consider here:
Does the use of the personal data prove to be intrusive to the individual?
The use of people’s data for big data analytics – is it within the scope of what they reasonably anticipate?
The transparency of the organization about how it is processing personal data – how transparent can the organization be?
When we talk about personal data being used for big data analytics, there are a few types of personal data. It may be ‘new types’ for the analysis which may include ‘observed data’, derived or inferred data’. New types of data are consciously provided by the user. This type of data can be produced using analytics methods and ML algorithms or through different cookies and sensors.