23 January 2018

Data Discovery Tool, BI4ALL’s new solution to meet the requirements of the GDPR

BI4ALL, a leading company in the development of Business Intelligence solutions, has developed an integrated approach that addresses all the new requirements of the GDPR (General Data Protection Regulation), helping not only companies to comply, but also create mechanisms to be compliant, ie it is the company's goal to continue to support its Clients even after May 25, 2018.

To this end, BI4ALL has developed a new solution - Data Discovery Tool, a tool that has a simple web interface for the user and a set of pre-defined rules ready to use, while providing a dashboard with the information of the research carried out in the various sources and provides a set of pre-defined rules adjusted to the GDPR, thus combining the processes and operations to technology and legal, following the whole process, from the collection of information, to the elaboration and analysis of the questionnaires until the identification of gaps.

On May 25, 2018, after a transitional period of two years, companies should have already implemented the required new rules. It is recalled that the GDPR is based on three characteristics: territoriality, ie it will apply to the entire territory of the European Union, the level of sanctions, which can reach 20 million euros or 4 percent of the volume of annual global business and, last but not least, all the rights and duties that are assigned to citizens and which oblige companies dealing with personal data to change their methods.

In this way, it is essential that organizations recognize this new and ever closer reality and begin to join efforts to comply with the required date, since it is fundamental that a set of procedures, reviews, analysis and implementations. BI4ALL, in turn, is in an excellent position to be able to respond to all the demands that are being placed on organizations, in order to assist them in this process.

According to José Oliveira, BI4ALL CEO, "We are four months away from the GDPR and Portugal remains one of the least prepared countries to meet the requirements imposed by the new regulation. It is therefore essential that companies realize the true impact that these changes will have on their business and thus take the right steps to enter into compliance. We have developed this new solution so that we can support organizations in this process", he says.