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Too much data, not enough analysis

Businesses are collecting more data than they can handle, putting themselves at risk of breaching data protection laws, such as GDPR, and damaging their competitiveness, warns Gemalto.

Its fifth-annual Data Security Confidence Index, based on a survey of 1,050 IT decision-makers and 10,500 consumers, shows that 65% of global organisations aren’t able to analyse or categorise all the consumer data they have and only 54% know where all their sensitive data is stored.

The problem is particularly bad in the UK, where only 19% of organisations say they are able to analyse data effectively, compared to 55% of organisations in India and 47% in Australia.

Jason Hart, CTO of Data Protection at Gemalto, said : “British organisations could soon find themselves being out-manoeuvred by more agile competitors offering better solutions and services thanks to their ability to protect and analyse data. Organisations must step up to be able to thrive on a global stage.”

More than two thirds of organisations (68%) admit they don’t carry out all procedures in line with data protection laws, such as GDPR.

www.gemalto.com

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2018