E-commerce is an industry that is constantly filled with challenges and potential. Hence, retailers constantly have to optimize the customer experience, designs, marketing, SEO, and other things for their websites. But apart from all these, the companies need to look after an additional thing if they are from Europe or any European country. Yes, we are talking about GDPR compliance.
So, what is GDPR compliance? And how does it relate to the online stores? If you are thinking about all these, you are sure to get everything on this blog.
So, here we go.
What is GDPR Compliance?
According to the definition, the General Data Protection Regulation, or GDPR, needs businesses to secure the privacy of European citizens and personal data for various transactions that might occur in the states of Europe. Thus, if any enterprise, organization, business, or company fails to obey the regulation, they might have to pay a particular amount in the form of penalties or fees.
This means every European company needs to focus on GDPR if they want to flourish their business. The regulation applies to every public or private business that processes, handles, or stores the personal data of European citizens. Businesses that don’t follow the regulations of GDPR would suffer from unwanted consequences like damage to the reputation of the brand, risky lawsuit actions, etc.
New to GDPR compliance? Here is a brief overview of the top things the online store owners need to know regarding GDPR compliance.
Top 5 things online store owners need to know about GDPR compliance
The last date for submitting the GDPR was 25 May 2018, and if you also own an online store, here are the things you need to know to avoid penalties, fees, and other consequences for full compliance.
1. Regulations are Active
If any company fails to follow the regulations of the GDPR compliance, would have to pay a huge amount in the form of penalties and fines. No doubt, in the initial phase some leniency would be allowed, yet, the companies need to fully comply with the latest regulations. They would also be provided with a grace period as getting the entire business on track is surely difficult. However, if any company fails to become completely compliant even after the grace period, it would be liable to crucial penalties.
2. Bear Penalties
When any company fails to meet the GDPR compliance, the companies would be liable to pay a GDPR penalty. Again, there are two types of GDPR penalties and both of them consider the global turnover annually of the company. The companies should try and avoid such penalties or fines as this would also affect the reputation, business disruption, lawsuits, and much more of the company. The reason for introducing GDPR compliance is that the companies understand the importance of user data as the older compliance was much more liberal resulting in a huge amount of unmanageable data.
3. Global Presence
No doubt, GDPR is legislation introduced in Europe, but it still has a global presence. All companies globally have to follow the rules and regulations as mentioned in the GDPR no matter where it is located. GDPR applies not only to European citizens but to every company or country that handles, processes and manages the personal database of European citizens. This means if your e-commerce platform has European visitors and you ship goods or products internationally, you surely have to follow the GDPR.
4. GDPR is Authoritarian
Do you remember the Cambridge analytics scandal of Facebook? The scandal was about the use of personal data to affect the elections, and this gave data processing and personal data storage exceptional importance. The solemnity of the situation introduced penalties and fines in a strict manner capable of damaging the reputation of your business. Hence, if the consumers come to know that the company is not able to look after their data and keep it secure, they are sure to avoid visiting your e-commerce website to purchase services and goods.
5. Beneficial for Consumers and Companies
To your surprise, GDPR is beneficial for both the companies and customers. It is established in the interest of the overall public as it protects the privacy of the consumers. Online marketers deal with data processing and gathering, and hence, they need to protect the precious data of their customers by updating them with advanced standards. Consumers are the king, and with the help of a customer-centric approach, they can be given complete control regarding their data.
With GDPR, companies need to keep the data of consumers safe from getting misused and abused by other organizations. And this is very well looked after when digital marketers are hired by the companies.
How to improve accuracy and efficiency with data entry?
As digitization is getting its firm grip globally, E-commerce organizations need to focus on accurate and efficient data entry.
Here are some effective steps to improve accuracy and efficiency in data entry.
1. Identification of Various Sources: Data is collected from various internal as well as external sources. And every source is prone to inaccuracies. The reason behind such errors is the different parameters. When such parameters are recognized, it becomes easier to eliminate them and have the correct list of data.
2. Accurate Goals: The best way to improve the accuracy level of data entry is to establish realistic goals. The goals should be decided based on effective data gathering, dynamic, and coding data entry.
3. Advanced Software: Data entry comes with too much work. However, with the help of advanced software systems, the burden can be reduced to a great extent. Using various automation processes like Intelligent Character Recognition, Optical Character Recognition, etc., can help in automated data entry through data extracting and reading features.
4. Give Importance to Accuracy and Not Speed: Companies usually look for in-time or speedy data entry services. This results in inaccurate data entry. Calculating the rate negatively affects the accuracy level of the data. Hence, set a permissive time limit in which the work needs to be done to avoid inaccurate data entry.
5. Avoid Overloading of Work: Overloading the employees with too much data entry work would increase the chances of mistakes that might damage your data as well as your business. Avoid setting impractical targets and time parameters that might pressure the employees to end up with inaccurate data entry.
6. Data Entry Review: One of the best ways to reduce errors in data entry is by reviewing the data. If the data entry reviewing system of the company is accurate and efficient, the data entry results are going to be accurate as well. For this, have a team of experts in quality assurance so that only accurate data is stored for your business.
DataPlusValue as a reliable data entry company
Are you looking for a reliable data entry company? Your search ends with DataPlusValue, one of the trusted names in professional data entry and management to meet your business goals in this competitive market. Our experts are capable of meeting your altered requirements regarding data entry assignments and data management.