Technology is the new currency of the 21st century. Organizations large and small are seeking to leverage technology in order to improve their business processes and make smarter decisions. Visions of digital transformation have launched a technological "arms race" between companies searching for key differentiators to give them a leg up on their competitors.
It's fair to say that the General Data Protection Regulation (GDPR) is one of the most important and sweeping laws pertaining to information technology that has ever been enacted. Originally adopted in April 2016, the GDPR won't come into force until May 2018, but its contents are already having a major impact worldwide.
Data is one of the most precious resources nowadays. Processes and decisions turning data into value are defining the success of an enterprise. The importance of business process management is widely recognised, whereas decisions are rather seen as part of a process and not as a concern on their own. Hence, they are often buried in applications, code, processes or even in the heads of people, although they are driving performance and are subject to regulatory requirements. This results in unmaintainable and inconsistent decisions imposing unknown risks to enterprises. As a cure for unmanageable decisions the discipline of decision management emerged promising transparency, productivity, accuracy, agility, and consistency of decisions.