Solution Of Gdp

Analyze the external and internal environment for opportunities, threats, strengths, and weaknesses that impact the firm’s competitiveness.

Data management is vital to any business as this is a key tool to an organisations business improvement, as you can refer back to data, and compare them against benchmarks. Analysing data can provide evidence for possible future structure such as identify trends, as well as indicate where improvements can be made. However there are strict procedures to be followed when collecting and storing data.

Dramatically reduce cost, effort and accuracy associated with entering, gathering and disseminating information by storing everything electronically in a central database.

On the other hand, the European Union has a different way on how to manage personal data. The idea of the new regulation is to coordinate the data protection law with all the countries and all the European Union members. The idea of making this law as a regulation instead of a directive is because it will be directly applicable to all the European Union associates without the implementation of any

All companies are affected by external factors. In order for a company to sustain or gain a competitive advantage it must constantly analyze its threats

regulates to provide notice to their customers about their privacy policies and practices; to let their

The purpose of this memo is to describe ongoing big data revolution and to show how digital privacy considerations for same can be addressed by adopting recommended options.

External environment aims to help an organisation to obtain opportunities and threats that will affect the organisation’s competitive situation. External opportunities are characteristics of the external environment that have the potential to help the organization achieve or exceed its strategic goals. External threats are characteristics of the external environment that may prevent the organization from achieving its strategic goals. Therefore, organisations must formulate appropriate strategies to take advantage of the opportunities while overcome the threats in order to achieve their strategic goals.

Information stored allows us to consider promotions, planning training & associated costs, work force planning

The external analysis focuses and examines the opportunities and threats that exist in the environment and may be crucial in the decision making about how the business should be set up. In other words the external analysis has ability and intention to investigate the company’s macroeconomic, industrial and competitive conditions in the market.

affect any business or entity who holds or processes the personal data of EU citizens.

With growing technology and globalization, the volume of data is increasing day by day. Big Data world is drowning in data that is generated every day. Big Data provides us with valuable data and this in turn raise concerns how to maintain this data. Think about your daily data footprint. Say for example your every action on web is being monitored like website you visit, queries you make through search engine, all type of transaction, location services, pictures, and status post update. Would you like your confidential data to be leaked or would you like someone to continuously monitor your move on web. These are some of the privacy concerns in Big Data. Therefore there is always conflict between Technology and privacy and that is not new to us, except perhaps now in its greater scope, degree of intimacy, and pervasiveness.

The GDPR (General Data Protection Regulation) is a new piece of data protection legislation that was passed into law by the parliament of the European Union on 14th of April 2016. Full enforcement of the law will begin midnight on the 25th of May 2018, updating existing non-binding guidelines passed in 1995. The GDPR introduces a raft of measures aimed at giving greater protection and informed consent to consumers as to how their personal data is stored and used by companies and other public organisations operating within or doing business with the EU, via a general policy called Privacy by Design. This legislation will also apply to all companies outside of the European Union

However, there will be No requirement of notification on data processing activities. A positive change for data controllers is the removal of many of the general notification requirements. On the other hand, the GDPR will establish a tiered penalty system, which will increase the fines in general. This has already been causing a lot of attention.

This analysis consists of analyzing the external environment of the company (competitors, social, technological, regulations, etc.). The purpose is to identify the key opportunities and threats in the environment.