A week ago, Facebook CEO Mark Zuckerberg said the company intends to bring the same privacy and controls mandated by the new European Union data protection law to all its users. That statement accorded the highest standards of protection to the EU-General Data Protection Regulation, which is widely considered as too draconian. The reference to GDPR by Facebook—that is in the midst of a raging controversy over data leaks—may have softened public perception of it but for Indian companies, , compliance remains a tall order.
Experts believe GDPR will be a net plus for the IT industry. “What is clear is that significant work will be required and clients will have to utilize their IT vendors to accomplish this work (of transitioning to GDPR),” said Peter Bendor Samuel, CEO of IT consultancy Everest Group.