2016-2017 Exchange Jan/Feb 2017 exchange | Page 13

formation management and data storage in the future as legislation affecting America and Europe will no longer apply . Because of this demand , we are seeing more data centers being built in the UK . In fact , according to Data Centre Map , there are nearly 250 data centers in the UK alone – a figure that is likely to increase over the next year .
5 . European Union General Data Protection Regulation Regulation in the data world is evolving and the next big shakeup we can expect is the impending EU GDPR . Coming into force in May 2018 , the new regulation will have major implications for all sectors regarding the way data is collected , stored and accessed .
As a result , we expect to see more companies putting in place comprehensive information management systems and processes which will allow them to identify what information they have , where it is , how it can be utilized and who is responsible for it .
At the end of the day , Brexit Britain may not be part of the EU , but almost all businesses will handle the information of European citizens – and British data protection regulation will almost certainly be just as stringent , if not more so .
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