Re:EU GDPR – Another reason for SaaS to reconsider on-premise
by heavenlyblue on Tuesday March 27, 2018 @11:05AM
(#16689148)
You're making an argument about the good parts of GDPR into an argument about whether the political system should take sides in terms of business opportunities it gives. Is GDPR good for personal data safety? I think it is. Is GDPR easier for small businesses than for larger ones? No.
That doesn't make any sense. If GDPR is in place, then US SaaS firms won't be leaking & mismanaging your data, the whole point is they'll have to start complying or else.
US SaaS firms will still have a vast advantage because: they're radically larger with far greater financial resources, have a drastically larger VC environment of initial funding, and still have the world's largest homogeneous economy as the base hub to initialize out of and get to huge scale to easily afford to spend anything they need to on compliance.
What the EU just did is make the compliance picture far more difficult and complex for small European competitors as a whole. With Brexit, the EU lost 15% of its economic mass, further aggrevating this concept of regulatory & compliance splintering across Europe. The European splintering will only get worse as individual European non-EU nations come up with their own rules on this type of stuff.
Salesforce or Workday can more easily comply with a dozen compliance approaches across the whole of Europe, than a given start-up in Portugal or Greece can.