By June 2019, only 28% of companies worldwide managed to fully comply with the General Data Protection Regulation, with the retail sector and the banking sector having the highest compliance rates (81% and 79% respectively).
U.S. companies and organizations show the highest compliance (35%) with GDPR regulations, followed by the United Kingdom and Germany with 33% each, the Netherlands 31%, France 28%, Italy and Spain 21% and Sweden with a compliance rate of 18%.
What are the biggest obstacles companies face in trying to comply with the Regulation? According to the research
Significant benefits of harmonization with the GDPR
92% of the companies that achieved compliance report that the implementation of the Regulation was a source of competitive advantage and gained significant benefits and advantages (compared to organizations that lag behind in compliance). Specifically, they showed a positive effect in percentage:
But there are also hidden benefits to research: More than three-quarters of compliant organizations have achieved second-level benefits:
Source: Capgemini research
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