GDPR: About to Lose Your BI and Analytics? How to Save Your Investment

Are you facing the risk of losing the investment you’ve made in your BI and Analytics Program? The first examples of companies choosing to shut down parts of their BI and analytics solutions have started to surface.

Yes, you read that right. Some companies are choosing to shut down part of their BI and analytics solutions – despite need and investment – to protect themselves against great risk of financial penalty for not being GDPR compliant.  

They built BI and analytics solutions for a reason: to put their data to good use. They wanted to become data-driven to enable them to make better business decisions.

GDPR coming along These large investments were big commitments in time, money, and resources; allowing companies to build Data Warehouses, BI front-end tools and all the nuts and bolts that went into the solutions. In some cases, this also included hundreds if not thousands of hours spent on contracting consulting companies to build, and, if needed, maintain the solutions — at least for those organizations lacking in-house tech and data support.

Then GDPR came along raising a lot of questions, for instance: 

Companies that are unable to answer questions posed by GDPR and that are not compliant as required, could face a fine up to 20.000 EUR or 4% of annual worldwide turnover, whichever is greater. Get educated in the main elements of GDPR.

For some, “GDPR compliant” is a mouthful to tackle. With no idea how to approach the task at hand, the simple solution created by them has been to put the “less business critical” systems to a halt. 

The results can affect systems and a company in the following manner:

These are just a few examples, and more implications are likely to occur. So ask yourself, are YOU willing to shut down you BI? Stop your reporting? End your Analytics?

Stay optimistic — there’s another way.