SME Futures – Half of Indian companies lack on the critical parameter of data protection: survey

sme-logoAs companies make a beeline for accumulating data, a survey said 45 per cent of the organisations cannot analyse or categorise all the consumer data they store.

As data becomes a sought-after commodity, with some business leaders calling it as the new oil, a survey has found nearly half of Indian companies to be lacking on the critical parameter of data protection. Apart from that, companies also seem to be lacking on proper storage of sensitive data, the survey by digital security firm Gemalto has said.

“If businesses can’t analyse all of the data they collect, they can’t understand the value of it and that means they won’t know how to apply the appropriate security controls to that data,” Gemalto’s chief technology officer for data protection, Jason Hart, said.

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