Today's increasingly global, digital and regulated market allows data to become a million-dollar business, but it comes at a high risk. That's why the seminar focused on mitigating the risks of data ownership and management.
Joaquín Muñoz (Head of IT and IP) explained that one of the greatest challenges of Big Data is managing the amount and diversity of information, which today has become essential for companies. Now, he said, data is a key piece for their businesses. In that regard, Helena Pons-Charlet, senior lawyer at Microsoft, states: ''Nowadays, data is the black gold of companies. It's an essential tool that allows them to get to know their clients and provide them with a customized service''.
Domingos Cruz, our colleague at ONTIER Portugal, highlighted the importance of ethics in Big Data management during his speech. ''With data ownership and management comes great power as well as great responsibility'', stated Domingos. Then Joaquín added: ''That's why users need to be aware of the consequences of agreeing to disclose their data''.
Another key topic discussed in the meeting at the ONTIER Madrid office was the role and appointment of DPOs (Data Protection Officers). Due to the new General Data Protection Regulation (in force since last May, applicable from May 2018) within Europe, companies handling personal data must appoint a DPO. The DPO will ensure compliance with this regulation and intercede with the interested parties and the relevant authorities.