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Compliance Costs Stifle Tech Innovation | Cork News
Tech giants are drowning in compliance costs, with seven percent of their EU revenue spent just navigating confusing, overlapping rules — a drag on innovation that’s forcing companies to divert 12% of their workforce to bureaucratic tasks. Eighty-five percent say these “resolvable frictions” directly hurt innovation, while a third saw compliance costs spike over 50% in a year. With fragmented laws and repeated data submissions across borders, firms are delaying launches and cutting features — all while officials and Ireland’s EU presidency push for smarter, streamlined regulations that…
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