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Companies´ readiness of GDPR and implementation barriers

Author

Listed:
  • Adam Faifr

    (Faculty of Economics, University of West Bohemia)

  • Martin Januska

    (Faculty of Economics, University of West Bohemia)

Abstract

This paper deals with the topic of General Data Protection Regulation and its consequences for companies. Regulation defines new requirements that companies must meet by May 2018. These requirements changed the previous view on the management of personal data in organizations where some normative requirements became legally enforceable requirements. The circumstances of the adoption and requirements coming from new legislation are described as first while there is also outlined the relation with contemporal business administration approach and data protection management. On this basis, the readiness of businesses is evaluated by triangulation of more available studies and the main factors influencing the preparedness are also identified and analyzed.The final part is devoted to the process of GDPR implementation, consisting of carrying out the whole Data Protection Impact Assesment, as well as the mapping of data in organization.

Suggested Citation

  • Adam Faifr & Martin Januska, 2018. "Companies´ readiness of GDPR and implementation barriers," Proceedings of International Academic Conferences 6710209, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:6710209
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    File URL: https://iises.net/proceedings/41st-international-academic-conference-venice/table-of-content/detail?cid=67&iid=013&rid=10209
    File Function: First version, 2018
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    More about this item

    Keywords

    GDPR; data protection; DPIA; information management; risk analysis; compliance;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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