INFOGRAPHIC amounts of data untapped . Nearly two-thirds of survey respondents ( 62.6 %) stated that privacy concerns limit their ability to use data effectively .
When asked to delve deeper into their specific data protection and privacy challenges , 67 % of respondents said access to useful data was restricted because of governance mandates ; 61.2 % said data protection reduced the value of their data ; and 56.6 % stated that complex , ad hoc , or manual data access processes created challenges .
Approximately three-quarters of organisations ( 73.7 %) find it a challenge to keep up with the pace of regulatory change and nearly nine out of 10 ( 89 %) are looking to simplify processes for achieving regulatory compliance . More than half ( 57.6 %) state that they are unable to manage risks .
Taking action
Organisations are taking the challenges they face seriously , with a significant majority planning to invest in data privacy tools . More than one-third ( 35 %) are currently investing in data privacy tools , which can help minimise the risk associated with sensitive data . Another 35 % of respondents plan to invest in data privacy tools within the next year . The top reasons for making data privacy investments are to mitigate risks and data loss ( 59 %) and to comply with standards and regulations ( 57 %).
Survey background and methodology
This survey was commissioned by Privitar and fielded by Bloor Research to understand the current state of the data landscape and the challenges and opportunities facing data leaders . The survey was based on telephone interviews of 100 data leaders in the US , UK , France and Germany , underlying which was a detailed questionnaire . The respondents all have an influence in decisions about their organisation ’ s data management , from departments such as IT , data analytics , data management , compliance and security . They represent enterprises with a minimum of 1,000 employees and reflect a cross-section of industries , including financial services , healthcare , Information Technology , retail and industrial .
In addition to embracing data privacy tools to improve their analytics efforts , the data leaders surveyed also cite a distinct desire to expand the range of data sources available for approved use ( 64 %), have faster access to approved and protected data ( 59 %), enable more users to access approved data ( 59 %) and increase the ability to share data with partners ( 57 %). p
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