NEEDHAM, Mass.--(BUSINESS WIRE)--The Object Management Group® (OMG®) today announced the first meeting of its Data Residency Working Group will be held on Tuesday, June 16th during the OMG Technical Meeting in Berlin, Germany.
As cloud computing becomes an indispensable business tool, cloud users and providers are grappling with exploiting cloud's economic benefits while complying with complex (and at times conflicting) international data privacy regulations. With more and more data being utilized and often stored outside the legal jurisdiction from which it originated, many countries are enacting data residency laws to protect how to share, store and access data outside their borders. OMG's Data Residency Working Group will study issues of documenting and controlling where data and online documents physically reside, working with experts to provide practical, multi-disciplinary solutions in this complex field.
“There is a groundswell of concern about data residency, especially in Europe,” said Dr. Richard Soley, Chairman and CEO of OMG. “For example, European Union Safe Harbour Principles mandate that companies outside the EU that store Personally Identifiable Information (PII) about EU residents must comply with EU data protection requirements. Many other countries have also restricted how data originating within their borders can be stored abroad."
Over February-March 2015, OMG member organization NuoDB® (www.nuodb.com), a vendor of scale-out SQL database for global operations, assisted with a survey of OMG's members which revealed that 84 percent of respondents have data residency issues. More than two-thirds of respondents expect these issues to significantly impact their organizations in the future. However, the data also showed that only 49 percent of the companies facing data residency challenges today have someone responsible for addressing those issues.
The survey also revealed interest in developing technology to control data residency. Nearly 60 percent of respondents expressed interest in joining a Data Residency Working Group – a fact validated during initial discussions at a recent OMG meeting led by NuoDB CTO Seth Proctor.
“As data increasingly is accessed and shared across geographic boundaries, governmental and other regulatory agencies worldwide have begun adopting stringent laws and regulations about how data can be collected, stored, shared, and transferred. To meet these new data protection and privacy requirements, we need consistency in how we define, discuss, and address the issue of data residency, so that we as an industry can create practical solutions,” remarked Seth Proctor, CTO, NuoDB.
Soley added, “As data residency becomes a pressing issue for cloud users, we invite interested parties to attend the Working Group in Berlin, Germany on Tuesday, June 16th. The goal of the Working Group is to develop a taxonomy to help organizations realize the promise of cloud computing while complying with new and evolving privacy regulations, and user demands for data residency.”
To learn more about Data Residency and participate in the OMG Data Residency Working Group, visit: http://omg.org/data-residency/
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