Security News > 2022 > December > Privacy concerns are limiting data usage abilities

The report reveals that 60% of the data leaders surveyed are unable to use more than 40% of their data due to privacy concerns.

"Businesses are facing a tremendous challenge: they need timely access to data to gain accurate insights and drive competitive data initiatives. But they also need to ensure their data remains safe and compliant," said Steve Totman, Chief Strategy Officer at Privitar.

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.

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, have faster access to approved and protected data, enable more users to access approved data, and increase the ability to share data with partners.

"It's encouraging to see so many organizations taking action to keep their data safe by embracing data privacy as part of a data security platform," added Totman.

"For those that want to maximize their efforts, data security platforms like Privitar can help simplify data protection by providing access controls and data privacy, ensuring efficient regulatory compliance, and democratizing access to safe, high-utility data. Expanding access to safe data can have a dramatic impact on an organization's ability to effectively leverage that data for innovation," Totman concluded.

News URL

https://www.helpnetsecurity.com/2022/12/13/privacy-data-usage/