This article originally appeared in AdMonsters on December 19, 2017.
Data privacy and legal compliance experts agree: GDPR is too big to ignore. As an ad/revenue operations (ops), you should already know the E.U.’s General Data Protection Regulation (GDPR) comes into effect in May, 2018. What’s actually new in this story? Valid point. Despite months—possibly years—of preparation, publishers still have questions about GDPR’s implications, some of them pretty basic: Will this apply to our business? What do we need to do to become compliant? What kind of enforcement is expected? Can we just cross our fingers and ignore it?
The answers to these questions lie in every digital publisher’s ecosystem. GDPR affects any entity worldwide that digitally targets or monitors people in the E.U. This means knowing what’s happening in your digital environment, from vendors executing to data tracking. If knowing your digital partners doesn’t appeal as a basic business practice, then maybe the fines for violating GDPR will (maxing out at 20 million euro or 4% of the company’s global revenue, whichever is higher).