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During the second quarter (Q2) of 2022, Cytrio researched 1,525 companies, bringing the total number of U.S. mid- to large-size companies with revenues from $25 million to more than $5 billion researched to 8,270 since Q3 2021.
While GDPR and the CCPA are often cited as benchmarks, local nuances exist. They are also not global standards. Hidden between the legal lines are also many gray areas that current amendments or new regulations have yet to address.
Since going into effect in May 2018, GDPR has been actively enforced with 1,027 fines levied for noncompliance as of March, totaling $1.8 billion to date.
By being proactive and working with the right partners, companies can better position themselves for future challenges that await around securing, collecting, and storing data.
We’re all familiar with unintentional hoarding of things that may have been useful at one point but end up collecting dust and taking up unnecessary space. The same is true of data, but holding on to it for too long can have serious consequences.
Did you move to the cloud in order to free up creativity and allow product teams to spin up architecture quickly and easily only to find yourself in a position where you have no idea who built anything? Well, you’re not alone, and, the good news is, help is at hand.