Many see data compliance as a challenge, but it’s also a powerful driver of innovation. With the EU Data Act, companies can turn compliance into an opportunity to build trust, streamline operations, and unlock new possibilities.
Here’s how:
1️⃣ Transparency Builds Trust:
• 74% of consumers say they are more likely to trust businesses that are transparent about how their data is used. (Source: Cisco Consumer Privacy Survey)
• Clear data practices aren’t just ethical—they build stronger customer relationships.
2️⃣ Better Data Access:
• The EU estimates that 80% of industrial data remains unused, representing untapped potential for innovation. (Source: European Data Strategy Report)
• The Data Act aims to unlock this data, enabling businesses to collaborate and create value more effectively.
3️⃣ Future-Ready Operations:
• Non-compliance with EU regulations can result in fines of up to €20 million or 4% of annual global turnover, whichever is higher. (Source: GDPR Regulation, Article 83)
• Being compliant not only avoids penalties but also equips businesses to adapt swiftly to market demands and new regulations.
At Steelbridge Oy, we’re helping businesses navigate the Data Act while turning compliance into a springboard for growth and creativity. Curious to learn how we can support your journey? Contact us at info@steelbridge.fi .
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