What is consumer data in SAP SAP-LEGAL - Global Field Legal?

SAP Term: consumer data

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: Data collected from or submitted by You through the Software or which the Software automatically transmits like Your location based data.

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• Key Concepts: 
  Consumer data is information that is collected from customers or potential customers. This data can include contact information, purchase history, and other demographic information. It is used by businesses to better understand their customers and target their marketing efforts. 
  
  How to use it: 
  SAP-LEGAL Global Field Legal Compliance helps businesses ensure that they are collecting and using consumer data in a legal and compliant manner. It provides tools to help businesses identify and comply with applicable laws and regulations, as well as to monitor their compliance status. 
  
  Tips & Tricks: 
  When collecting consumer data, it is important to be transparent about how the data will be used and to provide customers with the option to opt-out of data collection. Additionally, businesses should ensure that they have appropriate security measures in place to protect the data they collect. 
  
  Related Information: 
  For more information on consumer data and how to use it responsibly, please refer to the SAP-LEGAL Global Field Legal Compliance documentation. Additionally, the European Union’s General Data Protection Regulation (GDPR) provides guidance on how businesses should handle consumer data.