SAN MATEO, Calif., March 19, 2018 /PRNewswire/ -- In lead-up to GDPR's looming May 25, 2018 deadline, Neo4j, the market leader in connected data, is urging any company that is investing in GDPR compliance to use those investments for a long-term, strategic advantage. As part of that effort, Neo4j is offering an interactive, personalized demonstration and solution assessment, which shows organizations how to use connected data to meet GDPR compliance, and also how to turn those compliance investments into a strategic advantage.
As organizations worldwide are scrambling to comply with the European Union's General Data Protection Regulation (GDPR) requirements, those organizations are also investing millions of dollars. According to PricewaterhouseCoopers, 92 percent of multinationals view GDPR compliance as a top priority. Of those companies, over 75 percent have allocated over a million dollars for compliance efforts, and nearly 10 percent plan to spend more than 10 million dollars each. To reap high returns from those GDPR investments, Neo4j is advocating that companies play offense, not defense, and look beyond just compliance and toward leveraging new corporate data infrastructure and corresponding capabilities.
"GDPR is putting a major burden on organizations, and with only a matter of months to go before implementation, companies are racing to limit any negative impact it may have," said Nav Mathur, senior director of global solutions at Neo4j. "However, what many leaders neglect are the benefits that can be realized through a GDPR program. A well-conceived program can help an organization address both GDPR compliance and their cybersecurity strategy and in the process build customer trust, improve customer relationships, establish better data controls and improve internal data handling and availability. For the business, this leads to improved brand value and moves the enterprise to a digital native data-driven enterprise."
Dr. Robert Bird, a compliance strategy expert and professor at the University of Connecticut, recently observed: "Understanding the reality that compliance is both dynamic and driven by efficiency empowers firms to evolve past mere conformance and into wealth maximizing innovation."
GDPR requires all organizations with information about European residents to comply with strict rules about how personal data is stored, secured, used, moved and erased from corporate systems. For companies and organizations interested in meeting GDPR compliance, as well as building a long-term strategic advantage, they can request a free demonstration and solution assessment from Neo4j here: https://neo4j.com/use-cases/privacy-risk-compliance/
About Neo4j, Inc.
Neo4j, Inc. is the graph company behind the #1 platform for connected data. The Neo4j graph platform helps organizations make sense of their data by revealing how people, processes and digital systems are interrelated. This connections-first approach powers intelligent applications tackling challenges such as artificial intelligence, fraud detection, real-time recommendations and master data.
The company boasts the world's largest dedicated investment in native graph technology, has amassed more than eight million downloads, and has a huge developer community deploying graph applications around the globe. More than 270 commercial customers, including global enterprises like Walmart, Comcast, Cisco, eBay, and UBS use Neo4j to create a competitive advantage from connections in their data.
Neo4j is privately held and funded by Eight Roads Ventures (an investment arm of Fidelity International Limited), Sunstone Capital, Conor Venture Partners, Creandum, Dawn Capital and Greenbridge Investment Partners. Headquartered in San Mateo, Calif., Neo4j has regional offices in Sweden, Germany and the UK. For more information, please visit Neo4j.com and @Neo4j.
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Dan O'Mahony, InkHouse for Neo4j