Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > NetApp survey finds strong motivation for GDPR compliance as confidence soars among IT and Telco businesses
    Top Stories

    NetApp survey finds strong motivation for GDPR compliance as confidence soars among IT and Telco businesses

    Published by Gbaf News

    Posted on May 24, 2018

    6 min read

    Last updated: January 21, 2026

    Featured image of UK finance minister Rachel Reeves presenting her plans to boost economic growth through infrastructure reforms and Heathrow expansion. Key initiatives discussed include easing planning laws and supporting the Oxford-Cambridge corridor.
    UK finance minister Rachel Reeves discusses economic growth plans - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Majority believe the regulation will give their business a competitive advantage

    With a matter of days until the General Data Protection Regulation (GDPR) deadline on May 25th 2018, NetApp research highlights an atmosphere of optimism as almost all (94%) IT decision-makers in the IT and Telco industry think that GDPR compliance will give them a competitive advantage. This is mirrored by high levels of confidence in achieving compliance, with more than four-fifths (81%) saying they know where at least some of their data is stored. The level of GDPR preparedness is indicative of the industry being above the overall UK figures when it comes to recognising the data as being business critical (92%).

    IT and Telco industry embraces GDPR business benefits: The UK’s IT and Telco industries are overwhelmingly united by the level of optimism around the competitive advantage to be gained from GDPR compliance. Nearly every respondent (95%) believes the regulation will boost the competiveness of their company to some extent. Almost half of IT and Telco businesses (47%) say it will improve their position against competitors specifically outside of the EU, and over a third (34%) say it will improve their position against all competitors. Only 2% of IT and Telco businesses believe there is no competitive advantage to be gained. This is significantly lower than the overall UK figure (13%).

    Confidence is high, but balanced with a dose of realism: One of the keys to GDPR compliance is to know where all data is stored and located, to respond effectively to a potential data breach, within the 48 hours set out by the GDPR. NetApp’s survey found that 44% of respondents in the IT and Telco industry are confident in knowing specifically where all their data is stored, and 37% are confident in knowing where some of their data is stored. However, 19% of respondents are still not confident in knowing where their data is stored, which is above the overall UK figure (16%). No business surveyed has opted out of GDPR preparations.

    Data is business critical as reflected by GDPR preparations: Almost all respondents (92%) from the IT and Telco industry believe data is business critical, which is 5% above the overall UK figure (87%). Recognising the priceless value of data is reflected in the level of preparations undertaken by IT and Telco industry businesses in the last 24 months. Almost half of respondents (47%) have received external consultancy from GDPR experts to help decide upon a cloud strategy, while more than a quarter (26%) are already implementing a strategy based on the recommendations of external consultancy and GDPR experts. Meanwhile, 39% have already implemented a GDPR strategy based on an internal review of the way they handle data.

    Nick Thurlow, NetApp UK Director: “The GDPR deadline is almost upon us. It is no surprise that the IT and Telco industry is ahead of the game when it comes to the business benefits of GDPR, because compliance with the regulation is sure to instill confidence in consumers who entrust businesses with their data privacy. However, there is still a small segment of respondents in this sector that lack confidence in knowing where their data is stored, suggesting a healthy dose of realism is also present.”

    NetApp’s survey was conducted in March 2018 by Opinion Matters amongst IT decision-makers (IT managers, CIOs and CTOs) across 227 UK-based business with 100+ employees.

    Additional Resources

    • Visit the NetApp GDPR landing page

    Majority believe the regulation will give their business a competitive advantage

    With a matter of days until the General Data Protection Regulation (GDPR) deadline on May 25th 2018, NetApp research highlights an atmosphere of optimism as almost all (94%) IT decision-makers in the IT and Telco industry think that GDPR compliance will give them a competitive advantage. This is mirrored by high levels of confidence in achieving compliance, with more than four-fifths (81%) saying they know where at least some of their data is stored. The level of GDPR preparedness is indicative of the industry being above the overall UK figures when it comes to recognising the data as being business critical (92%).

    IT and Telco industry embraces GDPR business benefits: The UK’s IT and Telco industries are overwhelmingly united by the level of optimism around the competitive advantage to be gained from GDPR compliance. Nearly every respondent (95%) believes the regulation will boost the competiveness of their company to some extent. Almost half of IT and Telco businesses (47%) say it will improve their position against competitors specifically outside of the EU, and over a third (34%) say it will improve their position against all competitors. Only 2% of IT and Telco businesses believe there is no competitive advantage to be gained. This is significantly lower than the overall UK figure (13%).

    Confidence is high, but balanced with a dose of realism: One of the keys to GDPR compliance is to know where all data is stored and located, to respond effectively to a potential data breach, within the 48 hours set out by the GDPR. NetApp’s survey found that 44% of respondents in the IT and Telco industry are confident in knowing specifically where all their data is stored, and 37% are confident in knowing where some of their data is stored. However, 19% of respondents are still not confident in knowing where their data is stored, which is above the overall UK figure (16%). No business surveyed has opted out of GDPR preparations.

    Data is business critical as reflected by GDPR preparations: Almost all respondents (92%) from the IT and Telco industry believe data is business critical, which is 5% above the overall UK figure (87%). Recognising the priceless value of data is reflected in the level of preparations undertaken by IT and Telco industry businesses in the last 24 months. Almost half of respondents (47%) have received external consultancy from GDPR experts to help decide upon a cloud strategy, while more than a quarter (26%) are already implementing a strategy based on the recommendations of external consultancy and GDPR experts. Meanwhile, 39% have already implemented a GDPR strategy based on an internal review of the way they handle data.

    Nick Thurlow, NetApp UK Director: “The GDPR deadline is almost upon us. It is no surprise that the IT and Telco industry is ahead of the game when it comes to the business benefits of GDPR, because compliance with the regulation is sure to instill confidence in consumers who entrust businesses with their data privacy. However, there is still a small segment of respondents in this sector that lack confidence in knowing where their data is stored, suggesting a healthy dose of realism is also present.”

    NetApp’s survey was conducted in March 2018 by Opinion Matters amongst IT decision-makers (IT managers, CIOs and CTOs) across 227 UK-based business with 100+ employees.

    Additional Resources

    • Visit the NetApp GDPR landing page

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories Post680 per cent rise in mobile app fraud transactions since 2015, finds RSA
    Next Top Stories PostRevealed: How Smartphones Are Saving Owners More Than £500