It seems that even almost year and a half after the effective date of the GDPR, the companies are still greatly struggling to become GDPR-compliant.
A new report from the Capgemini Research Institute claims that less than a third (28 per cent) of the organisations consider themselves fully compliant with the General Data Protection Regulation.
Last year, more than three quarters of polled businesses expected to be ready for GDPR on time. Those that are compliant are reaping the benefits. Those that aren’t – are facing multiple challenges.
The compliant ones are saying they’ve improved their reputation and brand image, thanks to GDPR. On the other hand, the ones that are still transitioning are saying complexity of regulation requirements, costs of implementation and challenges of legacy infrastructure are holding them back.
Among the non-compliant, a third (30 per cent) are “close to” complete compliance, but are still actively resolving pending issues. The US has most compliant companies (35 per cent), with the UK and Germany being close second (33 per cent each). Spain, Italy (21 per cent) and Sweden (18 per cent) have the least amount of compliant organisations.