Short description: GDPR regulation poses ongoing significant challenges for small accountancy firms (handling sensitive client data, low administrative resources, etc). However small accountancy firms have very similar business processes, which could allow the full automation of GDPR compliance.
Market potential: The GDPR services market expected to grow to USD 2,6 bln by 2023 (marketsandmarkets.com).In 2015,SMEs represented 99 % of all enterprises in the EU (Eurostat). No alternative solution on the market.
Timing: The challenges discribed above are present since the GDPR was introduced in 2018. No technological solutions designed for SMEs‘ were proposed to solve the problem by now.
Information on challenge owner: NGO/NPO.
Keywords: RegTech; Smart Appliances; Smart Appliances Computer; Software Building; Automation Software