Data professionals working in financial services firms are being prevented by their legal teams from repurposing customer data for secondary use, with the two departments seemingly at loggerheads, according to new research.
Half of senior executives in UK businesses feel overwhelmed by the data generated within their organisation, a number that rises to two-thirds (61%) among those working in larger companies, with even more (67%) struggling to access their data to make business decisions.
The global data visualisation market is growing by nearly $1 billion (£770 million) a year, and is expected to be top $9 billion (£6.95 billion) by 2026 as data visualisation tools become "business critical" for any company which wants to get the most out their data.
With GDPR’s two-year anniversary looming, it seems that smaller firms have yet to get to grips with large swathes of the regulation, with more than a third believing GDPR does not apply to the customer data they hold and just under half (49%) under the impression it does not apply to online browsing data either.
As the NHS braces itself for a flood of coronavirus cases, one group of GP practices is aiming to ease the current workload by becoming the first in the UK to use an online triage system, driven by artificial intelligence technology.
New UK Chancellor Rishi Suna might be under pressure to deliver a post-Brexit bonanza for voters, but he is also being urged to splash the cash on data, amid claims that "economies and societies that find ways to unlock the value of data and distribute it fairly will be at an advantage".
The Irish Data Protection Commission - the lead privacy authority across the EU - has revealed that employee gaffes remain the biggest threat to companies’ data systems, with cybersecurity incidents accounting for just 3.5% of breaches.
London’s speciality insurance and reinsurance firms are planning major investments in technology – especially in robotics – in an effort to ensure they retain their status as leaders in the global insurance market.