Championing Data Protection and Privacy

A Source of Competitive Advantage in the Digital Century

Turning compliance into competitive advantage

Compliance is the way of the future as we move forward in the digital century. And we should apply it head on. The GDPR was the first, most high-profile data protection and privacy regulation, but it’s certainly not the last. So is there something organizations can do to comply with existing and prepare for upcoming regulations – a way to turn this new reality into competitive advantage?

Compliance in the digital century

In the new report from the Capgemini Research Institute, Championing data protection and privacy – a source of competitive advantage in the digital century, we wanted to assess the current state of play and compare and contrast the characteristics of firms that are compliant with the regulation against those that are not. We found that:

  • Compliance is below par – fewer than 30% of companies claim to be compliant with the GDPR
  • Achieving compliance is no mean feat – legacy IT systems emerges as the biggest challenge
  • Proactive compliance brings benefits – including positive impact on the organization’s revenues, customer trust, brand image, and improved cybersecurity practices.

Be proactive

As companies struggle to meet compliance requirements, they must remember that data protection and privacy is a continuous process that demands proactive and ongoing performance monitoring and improvement. Companies that want to secure a competitive advantage should therefore both promote this mindset among their employees and integrate advanced technologies to boost data discovery, data management, data quality, cybersecurity, and information security efficiencies.

Subscribe to receive an advance copy of new reports from the Capgemini Research Institute

Report_Championing Data...

File size: 2.52 MB File type: PDF

Infographic – GDPR

File size: 1.17 MB File type: PDF

Sound Bites

Paul Brocklehurst, chief information Officer of the Financial Services Compensation Scheme

The number of queries since the GDPR went into effect are more than double what we are used to,

Henri Kujala, Data Protection Officer, Here technologies

Compliance has brought increased levels of trust

Henri Kujala, Data Protection Officer, Here technologies

We check if we have to make an amendment to our global standard to accommodate new regulations, or whether we take a hybrid approach to accommodate any local deviations,

Key Takeaways

70%

Organizations that claim they are or will be compliant by the time CCPA comes into effect

30%

Organizations that claim they will be partially compliant by the time CCPA comes into effect

92%

of GDPR compliant firms have gained a competitive advantage

About the Capgemini Research Institute

Capgemini Research Institute

Capgemini’s #1 ranked in-house think tank on all things digital

cookies.

By continuing to navigate on this website, you accept the use of cookies.

For more information and to change the setting of cookies on your computer, please read our Privacy Policy.

Close

Close cookie information