The Flip Sides of Data – A Strategic Asset and a Potential Risk

Data. In everyday life we are constantly consuming it. On a conscious level, we are trying to make use of that information for the task at hand, discounting the inessential and focusing on the essential. 

In business, the collection, storage, and use of data follows the same principles. An approach which aims to harness data and technology in perfect harmony. 

Large volumes of data are valuable. But as data volumes, processing and consumption demands continue to rise exponentially, businesses that manage data are exposed to a host of challenges. 

In this e-briefing we look at how firms such as asset managers, insurers, and banks, along with regulators, must therefore consider these ‘flip sides’ and continuously determine how to overcome these challenges, whilst making the best use of their data.