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How Europe’s New Personal Data Rule Impacts Real Estate

By |2018-04-02T04:30:45+00:00April 2nd, 2018|Technology|0 Comments

General Data Protection Regulation (GDPR) compliance crisscrosses every business in the real estate industry. Yes, it’s another acronym and it is not tech driven. Well, almost not tech driven.

European Union - General Data Protection Regulation - GDPR - Fundamental Rights of CitizensCitizens from countries outside of the US are serious about protecting their personal privacy. Every time I’ve had data conversations with my European colleagues, they constantly stress how important it is to protect personal information.

While an important concern for us, most US citizens and companies are fairly indifferent on who we give access to our personal information.

What happens with our personal data afterward is entirely out of our control. We only hope it is secure from access by hackers – meaning those who steal data and misuse it for personal gain.

As we saw recently with Facebook and Cambridge Analytics – just like our EU colleagues – maybe US citizens should request to have more control over their personal data in the digital world.

To learn more about GDPR and its impact, read “How Europe’s New Personal Data Rule Impacts Real Estate” white paper.

How This Paper Should Be Used

WAV Group recognizes the wide variety of strategies in how companies manage their data. Without a clear understanding of the opportunities that exist in the marketplace and the inspiration behind them, it is hard to determine which company or companies could benefit your business. Please encourage your executive team and leadership to spend 45 minutes reading this white paper to understand each of these solutions.

WAV Group is happy to get on a conference call to walk your team to discuss GDPR. Contact Victor Lund, Marilyn Wilson, or David Gumpper to schedule some time. WAVes of Change subscribers will be getting an overview in our upcoming quarterly meeting. If you are not a subscriber to WAVes of Change, please inquire with Camilla@WAVGroup.com. Other firms may schedule a private overview for their executive team or board. Again, contact Camilla Harvey.

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