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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Thomson Reuters Data Privacy Advisor Plays into GDPR Compliance

Thomson Reuters’ introduction of Data Privacy Advisor, a research platform that brings together the company’s expertise and a Q&A feature based on IBM’s Watson artificial intelligence (AI) technology, plays well into compliance with General Data Protection Regulation (GDPR), the next data privacy milestone, which comes into force in May 2018.

The platform combines Thomson Reuters’ data privacy subject matter expertise, global legal and regulatory content including news and news analysis, and technology capabilities with Ask Watson a Question to provide compliance and privacy professionals at multinational businesses and law firms a deep understanding of law and privacy obligations across multiple jurisdictions. Its extensive content, which is updated on a daily basis, includes data privacy guides for over 80 countries, information on pending legislation, regulations and, more specifically, detailed information on the regulatory requirements of GDPR.

Ask Watson a Question was built in partnership by the Thomson Reuters Centre for Cognitive Computing and IBM Watson, and uses natural language processing to give users contextual answers to their questions rather than the results of memorised questions and answers.

Data Privacy Advisor is available as a standalone solution on a per seat basis in the US, UK and Canada, with the Watson Q&A element in beta as it builds up its knowledge base.

Tim Harty, global head of actionable intelligence at Thomson Reuters, says Data Privacy Advisor was developed in recognition of three market forces – globalisation, data digitisation and the regulatory framework – all of which raise the stakes on the level of compliance companies must achieve. He adds: “This is a specialist platform that complements other Thomson Reuters research tools including as Practical Law, Westlaw and Regulatory Intelligence.”

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