Compuware Corporation has issued research results showing that, despite making progress over the past 12 months, most European and US businesses are still inadequately prepared to comply with the EU’s General Data Protection Regulation which comes into force next year.
Key findings of the survey include the fact that 67% of European organisations say they’re well-briefed on the GDPR and the impact it will have on the way in which they handle customer data. That’s an improvement from 55% when the same question was asked last year.
Of the 94% of US organisations that possess European customer data, 88% claim to be well-briefed on the GDPR and its impact on the way they handle that data. This represents a significant rise from the 73% who responded affirmatively when asked the same question back in 2016.
Also, only 38% of all respondents have a comprehensive plan in place for how they will comply with the EU’s GDPR, leaving the majority at risk of severe non-compliance fines. This is only a slight improvement from the 33% who had a comprehensive plan in place this time last year.
The study findings reveal that US organisations are better prepared for the EU GDPR than their European counterparts. 60% of US respondents with European customer data said they have a detailed and far-reaching plan in place, marking a slight rise from 56% that had plans last year. The UK is least prepared, with just 19% of organisations having a detailed plan in place, rising only slightly from 18% when the question was asked in 2016.