New research reveals only a handful of organisations can access sensitive data in a timely manner
Findings show that the cost and complexity of data compliance is hampering business innovation.
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Cloud computing - The first step to an effective data modernisation strategy
Many organisations realise the benefits that lie within the data they collect daily. This modern approach to data empowers businesses to leverage data for innovation and monetization while at the same time enhancing security and privacy. While this may seem like a conundrum as companies have traditionally buried their data deep into IT architecture to prevent it from being accessible, even by the employees, today it is possible to have the best of both. This process starts with the cloud.
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Harnessing the value of data with data monetisation
Businesses around the globe are using new technologies to change the world. But this wouldn't be possible without the use of sensitive data such as Personal Identifiable Information (PII) and Protected Health Information (PHI) to drive advancements in personalisation and sophistication. However, if companies are using data that typically is associated with medical records and insurance claims, this bodes the question, is personal data secure?
Turning Insight into Action: Data Modernisation in Banking
Financial institutions are struggling to keep pace with technological advancements while ensuring data security and compliance with stringent regulations. Data modernisation has emerged as a critical strategy for banks to remain competitive, enhance customer experiences and fortify data security measures. In this blog post, we’ll discuss the importance of data modernisation in banking.
Australia's Cost of a Data Breach in 2024
Australia’s Data Privacy Landscape is EVOLVING QUICKLY In February 2023, the Australian government released the results of a two-year review of the 1988 Data Privacy Act. This was followed by a response in September, authored by Attorney General Mark Dreyfus, that agreed to 38 of the 116 recommendations and a further 68 ‘in principle’.
AI, Advanced Analytics, & Cloud Migration: Top Trends in Data Modernization
Let’s dive into a world where data isn’t just growing — it’s exploding — setting the stage for an AI-driven future that’s as exciting as the next sci-fi blockbuster. With innovations like ChatGPT and Neuralink pushing the boundaries of what’s possible, we’re on the precipice of a data revolution.
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Quantum computing: The data security conundrum
One of the biggest challenges of digital technology today is around security systems and data. In response to this, sophisticated algorithms have been designed to encrypt data and protect it through frameworks known as symmetric cryptography. While this has proven successful, advancements in quantum computing - which utilises quantum mechanics to solve complex problems faster than conventional computers - could potentially turn data security on its head.
Data Modernisation in Telecom: From Reactive Protection to Proactive Opportunity
In our last blog, we discussed the many challenges faced by telecom organisations in this ever-changing regulatory and technical landscape. While it is clear to see the challenges the industry faces in this digital world, there’s also a unique opportunity to solve the many problems that hold them back.
Balancing Data Privacy, Regulations and Revenue in Telecom
The need to find the balance between providing a unique and tailored customer experience, ensuring data privacy, and adhering to market regulations has become more critical than ever for Communications Service Providers (CSPs). In a world where customers are more demanding, regulations are more stringent, and attacks are more sophisticated, it’s easy to see how telecom organisations deem balancing act challenging.
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The tension between the CDO and the CISO: The balancing act of data exploitation versus protection
Data is the most valuable resource for the global enterprise. For any company wanting to remain relevant in today's competitive business landscape, data needs to be at the centre of every business decision, allowing the C-suite to review initiatives, make real-time decisions and if necessary reverse actions. A quick response fuelled by real data insights will power and improve the customer experience and product offerings while driving lower prices through better efficiency. Ultimately, this will improve the bottom line and deliver successful outcomes for many organisations.