Top Financial Services in SA Answer the Question: Is Data the New Currency? - IT News Africa | Business Technology, Telecoms and Startup News

  • 📰 ITNewsAfrica
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Data quality management has been a consistent challenge across various industries. Understanding and leveraging this data can bring about...

Data quality management has been a consistent challenge across various industries. Understanding and leveraging this data can bring about significant economic changes, especially in today’s era where actions and behaviors, from clicks to movements, are hyper-personalized.

In the journey of understanding data, it’s essential to recognize that data isn’t just a reactive resource; it’s a currency. Darren Bak of Synthesis accentuates the need to focus on data quality, stating that while data may never be 100% accurate, proper management practices are essential to maximize its value.

Discussing the transition to this tech-forward approach, several companies highlighted their challenges:Osiris Trading emphasized the importance of robust security measures. When looking globally, a significant proportion of Fortune 500 companies have adopted the concept of data streaming. But what’s driving them? Jack Bingham of Confluent cites integration, the potential of event streaming apps, and identifying game-changing insights as primary motivators.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 27. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

We asked the Top Financial Services, Insurance, and Retail companies in South AfricaSynthesis recently hosted Confluent Round Tables in both Johannesburg and Cape Town, where engaging discussions were held on data journeys, data streaming, use cases, and challenges.
Source: mybroadband - 🏆 11. / 67 Read more »