Written by Haim Ravia and Dotan Hammer
A new economic study shows that the obligations imposed by the GDPR on data processing have led to higher expenses in data management, in turn making companies process fewer data than in the past.
Previous studies have estimated GDPR compliance costs to range from $1.7 million for small businesses to $70 million for large enterprises. The new study compared between European companies subject to the GDPR and American companies not subject to the GDPR. Its findings reveal that European companies retain 26% less information and process 15% less information. To comply with GDPR rules, data-driven companies experienced a 24% increase in data processing expenses.
Click here to read the full study.
