Having the data you need at your fingertips is crucial for meeting business objectives, but managing and protecting your data is even more important. The first step is to understand the legal landscape and how it affects your data. Then, you can implement the best practices for your organization.
Hong Kong’s legal framework does not explicitly protect privacy matters other than personal data. However, it is clear that a breach of the Personal Data (Privacy) Ordinance can lead to significant penalties. As a result, the best practice is to treat personal data with care and respect.
In addition, a data user should only collect the personal data that is necessary and lawful for the purpose of collection. This data should be adequate but not excessive in relation to that purpose. It should also be accurate, complete and not misleading. Finally, a data user must inform the data subject of the purposes for which it collects his/her personal data on or before collection. The data collected should not be used for other purposes without the consent of the data subject.
A number of jurisdictions have expressly provided for extra-territorial application of their data protection laws. However, Hong Kong’s PDPO does not contain such provisions. Instead, the jurisdiction of the PDPO extends to a data user who controls all or any part of the cycle of his/her processing activity in Hong Kong.
Data is a key business asset, but storing and managing large volumes of it can be challenging. A data warehouse is a key tool for businesses that want to manage large quantities of information, but it’s not always feasible to host enterprise data on-premises. For example, the cost of maintaining an on-premises data warehouse can be prohibitive, and the risk of losing critical business information during a cloud migration is significant.
To overcome these challenges, companies can rely on the cloud to meet their business needs and provide cost savings. Cloud-based services can store and manage large amounts of data, which helps to free up on-premises capacity for mission-critical work. However, it is important to understand the security implications of a cloud migration before you take the plunge.
In addition to cost savings, a cloud-based data warehouse can also help companies with compliance and regulatory requirements. For example, GDPR requires organizations to process and store personal data securely. Using a cloud-based solution can simplify this task and ensure that your data is protected from cyber attacks. In addition, a cloud-based data warehouse can help you comply with other regulatory standards, such as FINRA and SEC rules.
