5 ways technology can mitigate the risks of ghost and zombie assets
Both ghost and zombie assets arise from improper tracking of fixed assets. Here are five ways technology can mitigate the risks.
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The General Data Protection Regulation (EUGDPR) is a European legal framework that came into effect on May 25, 2018. The UK subsequently adopted it following Brexit – this is where you may hear the term “the UKGDPR.”
The GDPR focuses on protecting, collecting and managing personal data (i.e. personally identifiable information). All companies and organizations in the UK or EU must comply if they hold or otherwise process personal data (including sole traders) of people in the UK or EU. This can even apply to companies outside the UK or EU that offer goods or services to the individuals in the UK or EU.
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Both ghost and zombie assets arise from improper tracking of fixed assets. Here are five ways technology can mitigate the risks.
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We would like to stress that there is no substitute for customers conducting their own detailed investigations or seeking their own legal advice if they are unsure of the implications of GDPR on their businesses.
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