EU's General Data Protection Regulation (GDPR) was designed to give EU citizens full control over their personal data and establish a consistent standard on organisations' approach to data privacy and will apply to all companies processing and holding the personal data of data subjects residing in the European Union, regardless of the company’s location.
In practical terms, travel managers and suppliers alike will need to know what data they hold on their travellers, why they’re holding it and for what purpose. As a result, corporates could re-think their strategies to mine data from multiple, disparate sources, whilst initiatives to provide more choice in corporate travel programs based on travellers’ personal preferences, could be affected.
At the very least GDPR will bring greater complexity and add a new dimension to compliance monitoring.
Download our short whitepaper for insights into GDPR.