Data Business Survey Says 96% View Ireland Favourably as Investment Destination
A report released by Irish law firm William Fry on Wednesday, 16 November, shows that 96% of survey respondents have a favorable view of Ireland as a data-related investment destination, with 45% of them describing it as excellent. The Europe for Big Data report, created in association with Forbes insights, also said that the European Union’s data regime, sometimes criticised for being overly-restrictive, was broadly welcomed by the C-suite executives surveyed.
The survey found that Ireland is seen as the second top destination for data-driven investments in the EU, behind the United Kingdom in first place and Germany in third. The report lauded Ireland’s data privacy regulatory regime for striking the “right balance between businesses and individuals.”
The EU’s data regime was also praised by survey respondents. Although 71% said that new privacy laws has a strong tendency to increase operating coasts, 76% said that the EU’s evolving regulations “improved the playing field” by making the law consistent over different jurisdictions. Only 5% of respondents disagreed with the statement that greater regulation was needed for privacy regulations across the EU.
