What is it?
The General Data Protection Regulations.
It’s new legislation to replace the Data Protection Act, coming into effect in May 2018. The GDPR is an EU law affecting every company based in the EU and, importantly, any company that trades with the EU, wherever they are based. The UK will still be in the EU in May next year, and we will want to continue to trade with the EU, so it’s likely we will keep the GDPR post-Brexit.
Who does it affect?
Almost everyone, to some extent.
…if you work in the hospitality and events industry.
Big data became something of a buzzword in 2016 but the term is overused and generic when in fact it has quite a specific meaning. According to Wikipedia, big data is ‘a term for data sets that are so large or complex that traditional data processing applications are inadequate to deal with them.’
You don’t have big data. What you have is lots of data, which presents its’ own challenges and opportunities but it is not ‘big data’. You’ll have data on your finances, on your customers and their behaviour, on your social media, pipeline, forecasts, the performance of your team. Everything is measured and measurable, if you use the right metrics, and it all creates data.
Grown-Up Solutions will be opening an office in Dubai in November to better serve our existing client base and to support new business opportunities in the UK and Middle East.
Launched in the UK in 2014, we have worked with a range of clients including a Premiership football club where we introduced processes that increased hospitality sales volume by 14% and spend per head by 26%.
The Grown-Ups have also acted as intermediaries for merger and acquisition discussions, carrying out due-diligence work and representing one party as local agent.
The company is currently working with a celebrity chef, ensuring the behind-the-scenes management structure is in place to support his future career.
As Director Mike Smith explains, ‘With my background in the Middle East it’s a natural extension to establish a presence in Dubai. The event and hospitality sector is already used to working internationally but with Brexit coming up there is an increasing opportunity for businesses in this sector to explore new opportunities and trade links. Opening the new office will enable us to offer enhanced services to our existing clients as well as giving us the opportunity to support new clients in the region.’