Dead stock: admitting what is never going to sell
Dead stock ties up cash and space while appearing as an asset. How to identify it, the options in order of value recovered, and why holding on is the expensive choice.
Personal data is wider than names and emails, and the edges are where companies get caught. What is included, what special categories mean, and why anonymised is rarer than claimed.
Most organisations hold more personal data than they believe, because they picture a customer database and forget everything else. The definition in force across most of the world is deliberately broad: information relating to an identified or identifiable living person. The second word does the work — identifiable means by any means reasonably likely to be used, including by combining your data with something else.
A narrower set carries extra protection: health, racial or ethnic origin, political opinions, religious beliefs, trade union membership, genetic and biometric data, sex life and sexual orientation. Small companies hold more of this than they expect — sickness absence records are health data, dietary requirements for an event can reveal religion, and a union deduction on payroll is trade union membership. Processing these needs a specific additional condition rather than the general one you rely on for everything else, and the usual mistake is not refusing to hold them but holding them without ever having identified them as special.
Pseudonymised is not anonymised. If you keep a key that lets you re-identify somebody — or if anybody could by combining your file with another — the data is still personal and the obligations still apply. Genuinely anonymised data is hard to produce and rarer in practice than in privacy notices.
Breadth means the useful question is not whether you hold personal data but where, why, and for how long. A short record of what you hold and on what basis answers most regulatory correspondence and all of the internal arguments — and it is the thing you cannot produce in a hurry when a request or an incident forces the question.
Ettex Records suits that inventory: what is held, where, the lawful basis, the retention period and the owner, with special categories flagged as such. Keeping it beside the privacy policy means the published promises and the actual holdings can be checked against each other, which is the comparison that usually goes unmade.
In most regimes yes — it relates to an identifiable person. Treating business contacts as exempt is one of the commonest mistakes.
Generally yes where they can be linked to an individual by means reasonably likely to be used, which includes combining them with other information you or somebody else holds.
Only if it is genuinely irreversible. Keeping a re-identification key makes it pseudonymised, and pseudonymised data remains personal data.
Dead stock ties up cash and space while appearing as an asset. How to identify it, the options in order of value recovered, and why holding on is the expensive choice.
Professional indemnity insurance responds to claims that your advice or work caused a loss. Who needs it, how claims-made cover works, and the gap that catches people who stop trading.
A freight forwarder arranges shipping but does not usually carry anything. What they take on, what remains your liability, and the documents to check before a first shipment.