As one of the strongest regulations ever to reach Europe, global organizations must grapple with the new reality of data privacy under GDPR.
For those who are not familiar with GDPR, it is an EU regulation that is designed to protect data privacy with penalties and fines as high as $25 million. GDPR goes into effect as of May 25, 2018. Based on its broad reach, GDPR will impact most businesses around the world.
GDPR poses many requirements on organizations. These requirements include everything from data assessment to enacting privacy controls.
For many companies, managing and protecting personally identifiable information (PII) poses significant challenges. With the advent of GDPR, these challenges can now pose a significant financial burden.
In order to stay compliant, many companies are evaluating redaction technologies to help them achieve GDPR complaince. Unfortunately, legacy redaction technologies aren't built to handle the scale and speed in which GDPR requires. Artificial intelligence can greatly enhance an organization's ability to meet the challanges of GDPR.
Benefits of Artificial Intelligence and Redaction
- AI redaction processing is more flexible with the ability to handle any document type
- AI can gain contextual awareness and context sensitivity
- AI provides greater accuracy by cross-validating redaction fields
- AI handles data ambiguity and probablistic relationships
GDPR is here. By using an AI for data redaction on critical documents, companies can take a significant step towards meeting those requirements and improving customer trust by ensuring their data stays protected. To learn more about how data redaction helps with GDPR compliance, contact us today for a free consultation.