GDPR: Commentary from tech leaders
1 Supratim Chakraborty, Associate Partner, Khaitan & Co.
Supratim Chakraborty, Associate Partner, Khaitan & Co.: “With the GDPR deadline of 25 May 2018 knocking at the door, we are going through an interesting phase. It is a phase of panic, last minute preparations, double checking of steps taken and, for some, a continuing attitude of denial. Most business houses are frantically trying to put their house in order to be compliant with the data privacy and data protection related requirements of GDPR. What is most interesting to note is that the GDPR has forced business entities to sit up and take a serious look at the data that they have been amassing. Even the smallest of start-ups struggled to decipher how much data they have collected, where they have been stored and how they were processed. Therefore, I would say it is a good wake-up call which should be emulated by all businesses. The principles of GDPR are beneficial and could be adopted by all business houses whether there is an EU interface or not. Also, this may be helpful because our domestic law on this subject, which is in the making, may largely adopt the principles of GDPR. Therefore, organizations which are equipped with the principles of GDPR would be future-ready for the new Indian legislation.