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Showing posts from December, 2013

Privacy - Word of the Year 2013

dictionary.com has selected "Privacy" as their Word of the Year in 2013 Interestingly enough, despite the very specific definition, data privacy is interpreted very differently by country, culture, region and even by organization. The Ponemon Institute conducted benchmark research analysis on the cost of global data breaches in their 2013 study .  The highest data breach cost in 2012 by individual incident was in the US at $5.4 million and in Germany at $4.8 million.  Most of the data breaches were as a result of malicious or criminal act, not technical errors.    With this, there is no fail safe technical solution to support data privacy, except deny data access all together - which is obviously not an option,  but rather education and required accountability to minimize risk.   The European Commission stated it best: "Sharing data has become crucial for economic growth. Privacy protection and the free flow of data are complementary not contra...

Keep it simple

"Those who don't know history are destined to repeat it."  Edmund Burke We all know that understanding history is key in not repeating mistakes.   In the past, many organizations deployed multiple Human Capital Management solutions from varying vendors or multiple instances of a single vendor solution in order to comply with global and local processes, rules or security. This type of strategy results in multiple challenges at both a corporate and local level.   They stretch from inaccurate headcount and compensation reporting to out-of-date data and inconsistent human resource process administration as well as risks to data privacy and lack of global planning capabilities.   As a result, global corporate culture is not defined and supported with this nor is the global workforce engaged as a single organization.    In hindsight, many of the same organizations are now seeing the benefits of deploying and maintaining a single solution by providing exte...