28 Jun 200% growth for Tailored Data Solutions due to GDPR demand
Data management specialist sees demand spike for assistance as UK firms scramble to ensure compliance in relation to new regulations
Tailored Data Solutions – a leading data management, cleansing and enhancing solutions provider – has confirmed an upsurge in interest for its services in the wake of the General Data Protection Regulation (GDPR) which came into effect last month (25 May 2018) in the UK. The company has reported growth of 200 per cent last month, year on year, as the regulations came in.
GDPR has set out new rules with regards to storing and using customer data, as well as requiring that data be both accurate and up-to-date as a legal requirement.
Now Tailored Data Solutions has lifted the lid on just how much direction some UK companies are lacking when it comes to GDPR compliance. Tailored Data Solutions has found that many firms have no internal resource to take their GDPR plans forward, and lack both the time and the authority to action a strategy in response to GDPR.
Furthermore, it has been found that many of the organisations trying to come in line with GDPR at the last minute have a knowledge gap on the relevant documentation needed and the processing activities which they are obliged to undertake in order to comply.
After spending months helping companies to prepare for incoming GDPR, Tailored Data Solutions believes that there are many more organisations who are simply in denial concerning their obligations, choosing to ignore the ramifications of GDPR and risking severe penalties.
Mike Lenard, owner Tailored Data Solutions, said: “For businesses which haven’t started their GDPR compliance journey, we need to speak to them. It only recently emerged that retail giant Dixons Carphone had 1.2 million personal data records hacked. GDPR involves ongoing compliance and isn’t a ‘one-time thing’ which is going to go away. We urge all organisations who haven’t considered GDPR up until this point to look seriously at how their business practices will be affected.”
With GDPR currently under the spotlight, Tailored Data Solutions has taken the opportunity to underline the importance of having the necessary documentation to fulfil GDPR obligations, including public-facing documents like a Cookies Policy and Privacy Notice.
The data management experts at Tailored Data Solutions have recommended using tried and tested compliance plans in order to help tick off all GDPR’s requirements and advised that organisations discuss potential non-compliances with data management professionals before implementing their GDPR strategy.