This research, conducted by the Federation of Small Businesses (FSB) and the data analytics company, Logic Apps, has found that 60% of UK SMEs are taking steps to prepare for the GDPR. However, a significant proportion, approximately 2.1 million SMEs, are yet to take any concrete action. The research also found that the biggest challenges faced by SMEs in preparing for GDPR are the complexity of data protection regulations, the lack of skilled resources, and the fear of fines and penalties.
* Some individuals have invested significant time and resources to prepare for the changes coming into effect on May 25, 2018. * However, the figures show that a large number of people have not even started preparing, despite the media attention and discussions surrounding the changes. * The lack of clarity surrounding the changes is causing significant delays and uncertainty.
This suggests that businesses are taking GDPR seriously and are actively seeking to understand and comply with the regulations. However, the data also reveals a concerning trend: a significant portion of businesses are still struggling to implement GDPR effectively. The survey found that 44% of respondents felt they were not adequately prepared for GDPR.
* Data can be made eligible for marketing use through various methods, including anonymization, aggregation, and transformation. * These methods allow for the analysis of historical data while protecting individual privacy. * Anonymization removes all identifying information, making it impossible to link back to an individual. * Aggregation combines data points from multiple individuals into larger groups, reducing the risk of individual identification.
