“Evolution is so creative. That’s how we got giraffes.”
Roulette – game of chance played at a table marked off with numbers and colours and having in the centre a revolving wheel into which a small ball is spun to come to rest finally in one of the compartments. The odds of winning at European roulette is less than 3% of the time*.
What are the chances?
Would you take that level of chance in your organisation? Imagine someone saying:
“I’d like to invest £100,000 on new equipment – here’s my business case; there’s a 2.7% chance you’ll get you investment back” or “There’s this new piece of regulation that might apply to us but I think we have just under 3% chance of getting away without doing anything”. Happy with that?
Of course not, but many could be. The General Data Protection Regulation (GDPR) comes into force, bolstered in the UK with the Data Protection Act 2018, in May 2018. If you trade in the EU, regardless of Brexit, there is a good chance you will need to comply.
The GDPR is necessary to improve how our personal data is handled by organisations and there will be work to be done to get in line with the rules. What action should you take – have a chat with us at Gydeline and we will provide some quick pointers. Stop gambling on GDPR being ineffectual.
Learn from the Giraffe – after all have you ever heard of a Giraffe losing at the roulette table?