The digital economy now contributes approximately £97 billion a year to the UK economy and is attracting a significant amount of investment each year. It was very important that the technology sector was included in the sampled population for the questionnaire. The survey aimed to determine what the current use of the cloud is within this industry and additionally what individuals from this sector view as the greatest challenges to their IT plans over the next few years.
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Hundreds of Scientific Research companies hold their headquarters or research facilities in the UK. not only do they represent a significant proportion of the UK economy, but also attract a great deal of Government and investment activity. The survey aimed to determine what the current use of the cloud is within this industry and what individuals from this sector view as the greatest challenges to their IT plans over the next few years.
Creative Skillset has revealed that 153,000 people work in the marketing and advertising industry in the UK alone. This is a rapidly growing industry and it is for this reason that it was included in the survey. The survey aimed to determine what the current use of the cloud is within this industry and what individuals from this sector view as the greatest challenges to their IT plans over the next few years.
The Utilities Sector, made up of electric, gas and water firms, and the energy sector alone accounts for approximately 5% of GDP. The organisations surveyed in the UK Cloud Snapshot Survey were predominantly energy companies. The survey aimed to determine what the current use of the cloud is within this industry and what individuals from this sector view as the greatest challenges to their IT plans over the next few years.
In 2016, the finance and insurance sector contributed £124.2 billion to the UK economy in gross value added. This sector therefore makes up a significant proportion of the UK economy, and it for this reason this sector was included in the survey. The survey aimed to determine what the current use of the cloud is within this industry and additionally what individuals from this sector view as the greatest challenges to their IT plans over the next few years.
General Data Protection Regulation (GDPR) is clearly the largest external focus for companies in the lead up to its introduction in May 2018. GDPR mandates considerably tougher penalties than the current Data Protection Act; organisations found in breach of the Regulation can expect administrative fines of up to 4% of annual global turnover or €20 million – whichever is greater. Fines of this scale could very easily lead to business insolvency.
In the past, cyber attackers have often been unaware of how much stolen data is worth to organisations. However, the implementation of GDPR means that organisations can be fined up to 4% of their global annual turnover or €20m, whichever is greater, if found to have a data breach. These fines effectively provide cyber criminals with a price point for criminals to understand how much the data is worth to organisations.
The General Data Protection Regulation (GDPR) will come into effect from the 25th of May 2018 and aims to bring data protection legislation in line with the ways in which data is currently used. One of the key findings from our UK Cloud Snapshot Survey 2017 report was that 62% of respondents highlighted GDPR as the biggest challenge to their IT plans over the next 3 years. Adherence with GDPR in the opinion of one interviewee was “bigger than anything else the company has had to deal with”.
Many businesses are confused by the regulation of the GDPR and find them almost impossible to translate into a set of controls to implement across the organisation. With just one purchase you can now put in place the security baseline you need in order to meet the legislation and get compliant.
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