76% of U.S. Organizations Concerned About Meeting GDPR Deadline

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From BusinessWire:
With... the May 25 enforcement date of the EU’s General Data Protection Regulation (GDPR) [looming], NetApp, the data authority for the hybrid cloud, released research findings from a global survey of IT decision makers across the U.S., UK, France, and Germany. The survey shows that these decision makers are still missing an opportunity to transform their business through a holistic data management approach that reduces risk and improves business efficiency.

For nearly two years, most organizations have lagged in addressing their GDPR compliance, and in some cases are ignoring the issue completely. In doing so, they are ignoring the benefits to be gained from the compliance effort, including developing a data-centric approach to control, manage, and move data regardless of where it’s stored – on premises or in the cloud. A data-centric approach drives improved efficiencies and competitive advantage and unifies data governance practices across organizations to drive down cost.

According to the report:

40% of U.S. businesses and 35% of global businesses think that GDPR could threaten their existence due to financial penalties, while 52% of U.S. businesses and 50% of global businesses think that it could lead to reputational damage.

Only 52% of U.S. businesses and 39% of global businesses are confident that they know where their data is stored.

63% of U.S. businesses continue to invest in private cloud services and ensure compliance with data protection.

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