Nearly two-thirds of financial services companies struggle to store, access and share data, with more than half considering single data hubs to enhance their ability to make data-driven investment and business decisions.
Self-driving cars have gone from the realms of science fiction to reality, with brands from Volvo, Mercedes-Benz and BMW to Apple, Uber and Addison Lee racing to develop the technology, but a lack of data standards is threatening to scupper the market.
More than 2.3 billion documents, including highly sensitive customer data, are believed to be sitting on publicly accessible online storage systems, putting companies across the world at risk of breaching data protection legislation.
Businesses have long been warned about “the enemy within” but fresh evidence that firms need to keep a closer eye on their own staff has emerged in a new study which shows that nearly half of employees would be tempted to sell on corporate information if the money was right.
Businesses are ignoring potentially valuable data and do not have the resources to take advantage of it, and, although they recognise the value of using all of their data, most do not even know whether this information exists or how to find, prepare, analyse or use it.
The European Investment Fund (EIF) has joined forces with tech group Tableau for a data-driven initiative which shows just how the EU organisation’s €136 billion investment in SMEs over the past 25 years has been spent and how local businesses have benefited from public funding.