GDPR & the implications for PR & marketing professionals
Are you ready? Are you scared or fully prepared? The GDPR deadline may seem like a long way off, officially coming into effect from May 2018 for Europe. However, there is no time like the present to ensure you are fully versed with the legalities, implications and best practise to avoid brand damaging fines for breaching GDPR rules.
The General Data Protection Regulation (GDPR) will replace the current Data Protection Act 1998, setting an even higher standard of consent protocols and data regulation. It’s sole purpose is to ensure that data and personal information is protected and not misused or passed on to other organisations without consent. Although such data is currently freely available and accessible (on contact sections of websites for instance), these new measures prioritise individual’s privacy, the methods in which information is gathered, used stored and destroyed, with the ‘right to be forgotten‘ principle.
New opportunities and challenges arise for SMEs
GDPR isn’t just about data protection. Ensuring that customer data is a priority will create more opportunities for PR and marketing professionals to strengthen the relationships with customers, by engaging them with value-driven, insightful content which informs, educates and amuses. Being honest and transparent in digital communications will be essential going forwards.
The strategy behind generating prospecting lists for sales and marketing efforts will need to change as a result of GDPR. It will be harder and more expensive to promote your business to new, prospective customers if you are a start-up or SME, especially if you have a limited advertising budget. It will put larger corporations, who can afford to increase their ad spend and use different advertising tactics at an advantage. Yet, expensive ad campaigns targeting the masses could potentially be wasteful if the adverts are not relevant to customers wants and needs. Also, consumers may inadvertently pay more because of GDPR, as company’s look to increase prices to cover the cost of greater ad spend.
The Drum reports that the fine for breaching GDPR alone would force 17% of UK companies out of business. Therefore, taking a proactive approach and ensuring your organisation is GDPR compliant will mitigate the risk of being fined.
Personalisation & data
A brand needs data-rich insight to fulfill a personalised ad experience to a consumer or to offer content and services that provide value and are useful. Without this data, a company’s lack of customer insight and tailoring of the wrong types of content could frustrate customers and weaken the connection. Keeping customers in the conversation always and providing valuable, personalised insights & updates will overcome this issue, encouraging customers to become brand advocates.
While it is imperative to be planning towards next May’s GDPR deadline, it’s worth knowing that the regulations are yet to be finalised. The Direct Marketing Association (DMA) are currently seeking clarification on a few aspects and are requesting amendments.
There is a plethora of information available, we advise the best place to seek specific information and to avoid confusion is to visit the official Data Commissioners Office website.
At brookscomm we have over 20 years of PR & marketing expertise and a proven track record of providing an integrated, measurable PR and Digital marketing strategy. We can help you boost your business. Email firstname.lastname@example.org or call us on 01483 537 890.