The Irish Data Protection Commission - the lead privacy authority across the EU - has revealed that employee gaffes remain the biggest threat to companies’ data systems, with cybersecurity incidents accounting for just 3.5% of breaches.
Enhancing data and the quality of decisions are two of the top strategic priorities for credit management professionals in the next three years, according to a new study, which reveals nearly three quarters (72%) of executives believe there is also scope for future improvement of data analytics at their current companies.
As the clean-up from Storm Dennis continues, the Met Office has revealed it is getting a new supercomputer - which will be one of the most advanced data gathering and information crunching systems ever - thanks to a £1.2 billion hand-out from the UK Government.
Businesses’ quest to adopt a data-driven culture is being hampered by a failure to extract the data insights decision makers need to turn their dreams into reality and, more worryingly, senior management’s misunderstanding of data strategy.
The vast majority (74%) of companies have finally woken up to the potential value of their data yet most (80%) still pass the buck, insisting that accountability for data strategy rests with technology leaders.
Nearly two-thirds (65%) of IT security decision-makers have admitted their business is complacent about the protection of its customers’ data, despite most acknowledging that a data breach would have a serious impact on both revenue and customer trust.
Data and marketing professionals might be basing their future strategies on the rise of new technology but many consumers simply are not interested in the latest gizmo, no matter how clever it may seem.
Those planning on transferring more of their data to the cloud - and even using it to deploy insights at scale, quality and speed - have been warned to choose wisely, with a new study revealing that just over half (52%) of all companies are storing data in cloud services that have already suffered a data breach.
Three organisations have joined forces to set up a working group in an effort to tackle one of the biggest conundrums of the adtech world; how to ensure GDPR compliance when using real-time bidding systems.