Tick, tick, tick…
That’s the clock nearly striking midnight for the General Data Protection Regulations. Less than 100 days to go, in fact. If you haven’t started preparing, now’s your chance. This new survey shows people are (slightly) happier with sharing their data as the new laws approach.
Oh, and by the way, if you don’t know anything about GDPR – and if you don’t, you should – read up on it here.
THE TAKEAWAY:
“Some 25 per cent of respondents are unconcerned about data sharing matters, the study revealed, up from 16 per cent in 2012. And this rises among younger respondents who, like their older counterparts, seem unfazed about the issues…”
Open banking means better products for everyone
Last week the Australian Government handed down that huge open banking report. This article reckons the next step is insurance, when consumers will be able to switch and get better deals quickly. The Government said it thought this might happen, so…the sooner the better, we say.
THE TAKEAWAY:
“In a world of open data, consumers will be empowered to share a range of data with potential lenders at the touch of a mouse button. This will radically simplify risk assessment on financial products and beyond, leading to quicker and less arduous customer journeys.”
Big companies love data but…not really
Corporate doesn’t know what it wants. That’s what Harvard Business Review says, anyway. There’s a new survey that shows executives want to use more analytics but haven’t really built a strong data culture. Huh….they may want to reconsider that approach, I suppose.
THE TAKEAWAY:
“Many startups have created data-driven cultures from their beginning, which is a key reason why large, established firms fear disruption from them.”
Europe and Britain: friends again?
UK Prime Minister Theresa May wants Britain to abide by new European data sharing rules after Brexit. Makes sense, right? On data, at least, it looks like the breakup between Europe and the UK won’t be so dramatic.
THE TAKEAWAY:
“May even proposed “an ongoing role” for the U.K.’s data agency in setting the EU’s rules. She also wants U.K. defense companies to be able to compete on a level-playing field for European projects.”
That’s our wrap for this week. Thanks for reading – we hope you found it entertaining and informational. We’d love to hear your thoughts on these articles and anything else data related! Email us anytime at enquiries@datarepublic.com!
Until next week,
Team Data Republic
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