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Data as an Asset

Data as an Asset

January 6, 2023 Posted by Robert Ligeti Insights, News

Enhancing Opportunities and Growth by Sharing Data While Preserving Privacy in Highly Regulated Markets

The world produces 4.5 quintillion bytes of data a day. According to McKinsey, the cloud computing market is growing to a trillion dollars by 2030. Without question data analytics produces valuable Insights ……and it has become both a strategic and monetary asset.

Data is in high demand and organizations that can collect and curate high-quality data sets can monetize it and/or share it for greater benefits. The resulting analytics and insights contribute greatly to defining products and enhancing current services such as personalized recommendations and/or marketing campaigns. Of course, most of these data sets contain sensitive information that should be protected and kept private to meet data compliance and regulations.

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