Displaying items by tag: data issues

Serious data issues need to be overcome if businesses are to achieve their 2024 priorities

• 98% of Australian financial services professionals are not using real-time data
• Over 40% can’t access data to make decisions
• 40% don’t trust their data and the insights it gives them

Operations leaders within financial services are facing decision paralysis, painting a concerning picture for the industry across Australia.The latest research from ActiveOps, a provider of AI-powered Decision Intelligence for service operations, has revealed that senior operations heads are “struggling to make critical decisions due to poor data – highlighting a concerning state of play that involves significant data issues and challenges that are impacting businesses’ ability to achieve their priorities in 2024”.

GUEST OPINION by Derek Cowan, Cohesity: It’s been on the medium and long-term strategic roadmaps for organisations of all sizes, but now digital transformation has become a must-do item.

ACCC chair Rod Sims says the competition regulator is well placed to take enforcement action on data issues, but has warned of the possibility of a reduction in competition in some instances in “fast moving” digital markets.