Shining a Light on ‘Dark’ Data
Financial firms are drowning in data, yet for many, information that delivers genuine value remains a scarce resource. Joanne Faulkner investigates whether new approaches to managing internal data could yield new insights, or whether new data privacy rules will impede firms’ progress.
But while some of these datasets have previously proved too onerous to extract value from, refreshing hitherto-outdated approaches to the processing and storage of internal data could enable firms to harness information from which it was previously not possible—or not economically viable—to derive any usable value.
Data is currently the most undervalued commodity in capital markets, with many firms “giving it away,” so to take advantage of the increasing amounts of data being produced, banks
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