Privacy Matters 

European court OKs Privacy Shield

The US is ensuring an adequate level of protection for personal data transferred under the EU-US Privacy Shield, according to a decision by the European Court of Justice following a complaint to have the Privacy Shield struck down. However, the shield is subject to ongoing review.

This report outlines these developments as well as legislative efforts across the US and worldwide on data privacy. z

Source: “Global Overview of Developments in Data Privacy” 

In the Clouds

Global human cloud spend up 43%. 

In 2018, firms processed $126.3 billion in global human cloud spend, according to research from SIA, which is an increase of approximately 43% from 2017. Human cloud companies that primarily sell to consumers (B2C) — such as Uber, Lyft, Postmates, or Instacart — accounted for the vast majority of human cloud spend, generating $118.6 billion in spend. Human cloud companies selling primarily to businesses (B2B) generated $7.8 billion.

Source: “The Gig Economy and Human Cloud Landscape: 2019 Update

Big Fish 

Largest IT staffing firms; 67% of market 

Fifty staffing firms generated at least $100 million in US IT temporary staffing revenue in 2018, landing them in a suite of reports produced by SIA. These firms together generated $20.8 billion in such revenue, accounting for 67% of the market, by our estimates.

The top five staffing firms listed in the report are TEKsystems (Allegis Group), ASGN, Insight Global, Randstad Technologies and Kforce. z

Source: “Largest IT Staffing Firms in the US: 2019 Update”