How GDPR has affected business from 2018?
Even though being compliant with the GDPR has not been easy for many businesses from 2018, there are several benefits to it. GDPR brought a better and more targeted communication towards costumers and a strong impact on efficiency. 41% of companies declared that satisfying GDPR norm gave them a competitive advantage, while 42% of businesses mentioned increasing innovation standards. Moreover, GDPR allowed companies to cut the costs of legacy applications and inventory software, reinforcing, at the same time, brands’ reputation.
What is forecast for the future of GDPR?
In the post-GDPR world, consumer confidence will be more relevant for businesses than ever, and “resiliency” from this point of view will be even a more critical factor for companies. They will also need to update their working landscape with adequate assets, to cybersecurity risks and compliance measures and processes. Moreover, Since the European Union is becoming more and more important as a commercial partner, even small businesses in Australia or Singapore will be involved in GDPR compliance.
Which will be the impact on businesses?
GDPR has transformed the interactions between users and the websites they browse. Companies need to incorporate new regulations, professionals and specific tools into their existing governance and business plans. Future years will probably observe the surge of more innovative businesses committed to creating a trusted, profitable data-driven system with clear benefits in transparency.
I work on my own, do I have to hire extra help to make sure I am compliant?
For the past two years, the SMOOTH consortium has been developing a cloud-based platform that will allow micro-businesses to receive a GDPR compliance report in a simple, constructive, and reliable format.
This summer and autumn take your business to the next level by becoming a tester for the beta and market pilots of the SMOOTH platform, the new cloud-based tool that helps micro businesses to become GDPR compliant.
What can you get in return?
1. A free GDPR compliance report.
2. A one-year free SMOOTH platform subscription (6 reports).
3. Be compliant, avoid potential fines.
4. Receive additional rewards on a first come first serve basis.
How do I join?
You can register as a member of the SMOOTH Community on FundingBox, a member of the project’s consortium, and express your interest to be a market pilot tester as soon as the applications will open in autumn 2020.
Applications for the ongoing beta testing are also open, so you can also apply to join this test!
Register at https://smooth.fundingbox.com/