Regulations absolutely raise the bar for new companies and give an unfair advantage to established companies who can afford the legal costs and additional staff. If I were a strategist for a large corporation, I would push for regulations that would hurt smaller competition.
Startups that specialize in easing the pain of compliance do help. I recently had to implement tax collection in an app and a third-party API saved me a lot of work. However, it was still a drain on resources and took over a month to implement and test.
I don't know a lot about GDPR, but the requirement to permanently delete all your information is absurd, especially if you need that information for a legal context. What if a customer sues you years later and you've deleted all their information? I don't get it.
Startups that specialize in easing the pain of compliance do help. I recently had to implement tax collection in an app and a third-party API saved me a lot of work. However, it was still a drain on resources and took over a month to implement and test.
I don't know a lot about GDPR, but the requirement to permanently delete all your information is absurd, especially if you need that information for a legal context. What if a customer sues you years later and you've deleted all their information? I don't get it.