The Dawn of GDPR: Implications for the Digital Business Landscape

Abstract

Digital-enabled business paradigms (e.g. Industry 4.0 in Germany, Industrial Internet in the US) allow, amongst others, real-time end-to-end value chain visibility, enhanced customization and quality delivery. In this context, data management and analytics are the determinant constituents in driving growth to a plethora of economic activities, from distributed manufacturing and pharmaceutical processing to bio-based applications and e-commerce services. However, as the global business landscape increasingly relies on data, cybersecurity issues emerge with regards to confidentiality, integrity, and availability. To this end, in the light of recent data-related scandals and the enacted EU General Data Protection Regulation, the purpose of this session is threefold: (1) to increase our understanding with regards to business-related barriers and challenges stemming from data protection regulations, (2) to identify emerging growth opportunities that can drive sustainable development of businesses, and (3) to articulate meaningful business practices with regards to data collection, processing and utilization.