The document discusses the General Data Protection Regulation (GDPR) which takes effect in May 2018 and aims to strengthen data privacy for EU residents. It outlines key aspects of GDPR including expanded individual rights to access, correct, and delete personal data. Companies are required to demonstrate compliance, notify authorities of data breaches within 72 hours, and comply with individual's requests without delay. GDPR poses challenges for companies in meeting the compliance deadline, ensuring data processing and storage is necessary, minimizing and transparent while respecting individual rights. Big data requires unique treatment under GDPR due to its unstructured nature.