With the growing importance of data analytics, businesses are discovering that they must walk a fine line in how they handle and manage customer data. Data privacy both from both regulatory and reputational standpoints is requiring companies to move cautiously. The latest round of regulations, including the EU’s GDPR, comes with stiff financial penalties for those that fail to comply. Companies that fail to adequately prepare for the GDPR risk incurring fines of up to 4 percent of their annual revenue.
As a result, organizations around the world are scrambling to address the new rules before the GDPR goes into effect in May 2018. Any company that stores personal information regarding EU residents will be subject to the new compliance rules, even if the business has no other presence in the EU. Even very small organizations will need to comply with the upcoming regulations.
We have been speaking with a variety of companies that are dealing with these type of regulations and we’d like to know what you think; specifically, around GDPR. We would like to know how your company is approaching these privacy and security demands. Please fill out our short IBM sponsored survey.
The results of this survey will be published in a blog and video. The survey will take no more than 5 minutes to complete and your responses will be kept confidential. We all have a lot to learn and share about this critical issue and we look forward to gaining your insights.
To participate in the survey please click here: Hurwitz & Associates GDPR Survey