What the future looks like as GDPR’s one-year anniversary approaches
ZDNet’s Danny Palmer sits down with TechRepublic’s Karen Roby to break down exactly what GDPR is, what it does, and what the future looks like as its one-year anniversary approaches. Read more: https://zd.net/2X08kC1
Businesses are missing out on revenue opportunities and losing customers because of bad data practices, according to a new report from commercial data and analytics Dun and Bradstreet.
The biggest challenges to making use of data are protecting data privacy (34%), having accurate data (26%), and analyzing/processing data (24%).
The lack of structure might reflect the fact that 41% of business leaders said no one in their organization is responsible for the management of data. The absence of ownership could also explain why more than half of the surveyed organizations have not had the budget needed to implement data management practices.
Companies need to make data governance and stewardship a priority, said Monica Richter, chief data officer at Dun and Bradstreet. Whether they are exploring artificial intelligence (AI) or predictive analytics, clean, defined data is key to the success of any program and essential for mitigating risk and growing the business, she said.
The survey indicates that there is a growing recognition that responsibility for data should be a priority for C-level executives. But business leaders are divided as to who on the leadership team actually owns responsibility for the data and how that might change in the future. All business leaders agreed that the CEO has ultimate responsibility for data, more so than even technology leaders such as the CTO or CIO.
A majority of organizations acknowledged that data will be vital to their future success. However, fewer than one quarter of them said they have employees that are dedicated to the management of data, or the right talent to implement effective data management.
Security
Can Russian hackers be stopped? Here’s why it might take 20 years
Cyberwar predictions for 2019: The stakes have been raised
A spotter’s guide to the groups that are out to get you
Cyberwar and the future of cybersecurity (free PDF download)
Related Topics:
Data Management
CXO
Digital Transformation
Tech Industry
Smart Cities
Cloud