Published online by Cambridge University Press: 29 July 2020
Organisations hold ‘information assets’. An information or data asset is a body of information, defined and managed as a single unit so it can be understood, shared, protected and exploited effectively. Information assets have recognisable and manageable value, risk, content and lifecycles. The first step in GDPR compliance is an information asset audit. This will also help you map the data flows in your organisation and work out what data you are holding and how it supports your business.
An organisation needs to know:
1 which information assets it holds – this can be held in an Information Asset Register
2 which information assets contain personal data and sensitive personal data
3 detailed information about the basis of processing personal data within individual information assets.
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