Report: 94% of CDOs believe data privacy technology increases revenues
In accordance with a brand new survey by TripleBlind, 94% of CDOs surveyed from healthcare organizations and monetary service companies said deploying data privacy know-how that enforces present knowledge privateness laws would end in elevated technology increases revenues for or her organizations.
Information is without doubt one of the strongest enterprise instruments. Daily we generate 2.5 quintillion bytes of information; it’s as much as chief knowledge officers to find out its worth and alternatives for strategic development. If an enterprise can handle its knowledge, in addition, to collaborating with different companies in a safe and compliant manner, the chance for improved outcomes is immense.
Eliminating boundaries to knowledge collaboration and evaluation can provide an enterprise a leg up on competitors. Not solely do 94% of respondents consider knowledge privateness know-how would enhance technology increases revenues for or her group, but practically half of those surveyed stated expanded knowledge collaboration would give their group an aggressive benefit.
Sharing knowledge even when a privacy-enhancing know-how (PET) answer is deployed nonetheless feels dangerous to CDOs and senior knowledge managers. Sixty-four p.c of respondents had been involved that staff at organizations with which they’re collaborating will use knowledge in a manner not licensed in signed authorized agreements. And 60% are involved that PET options deployed by collaboration companions will modify the info, making outcomes of analyses inaccurate.
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Staying in compliance with data privacy regulations and preserving knowledge correctly are of greatest concern to healthcare organizations. A big majority (86%) of healthcare insurance coverage carriers had been involved knowledge person organizations will use knowledge in a manner that violates knowledge privateness laws.
Monetary service companies had been extra optimistic about improved knowledge collaboration potential. Greater than half of economic service agency respondents said improved knowledge collaboration practices would enhance technology increases revenues as much as 20%.
TripleBlind surveyed greater than 150 chief knowledge officers and different executives in command of knowledge. Administration at healthcare and monetary companies organizations with annual technology. Increase revenues of at the very least $50 million and at the very least 250 staff. IntelliSurvey, which conducts roughly 5,000 online surveys yearly, executed the survey.
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