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Asian companies struggle under data explosion
Geez. Companies in Japan and the Asia Pacific region are dealing with 500% more data than they did in 2016. A new Dell survey shows the region facing all sorts of challenges: including significant downtime that costs businesses hundreds of thousands of dollars.
On the other hand…more companies are beginning to see real value in their information.
THE TAKEAWAY:
“Today, much of an organisation’s business value is inextricably linked to data. In many respects, APJ companies are in a unique position to become truly data-driven, given the sheer volume of data this region produces.”
Using data could help save logistics businesses $106 billion
Whoa, that’s a lot of cash. The Australian Federal Government has earmarked $8.5 million to help come up with a new system to share information among logistics businesses. The idea – which came from a pilot research program – is that the more companies know about how and where goods are transported, the more efficient they can make the process.
The real challenge is collecting the information in a way that doesn’t make companies nervous. That’s what the Government wants to do.
THE TAKEAWAY:
“Logistics companies want information that can help them decide when to dispatch trucks to collect cargo from ports and how many trucks or trains they need and where to build distribution centres, while governments want to know where future infrastructure such as additional container ports should be developed…”
Employers aren’t giving employees ways to share data
What good is data sharing if your employees don’t know about it? Nothin’. ComputerWeekly reports on a new survey which found a bunch of companies believe employees put company data at risk – yikes – but also that employees weren’t provided secure data sharing facilities.
THE TAKEAWAY:
“While IT leaders seem to expect employees to put data at risk, they’re not providing the tools and training required to stop the data breach from happening…”
Do you have ethically sourced second-hand data?
It’s the age of ethical data, and you can’t just stick your head in the sand anymore. AdWeek has a good piece on how to make sure your second-hand data comes from legitimate sources. It’s all pretty straightforward: ensure good controls, etc. But the overall take is that you’re going to have to do a lot more in the future to actively make sure your data comes from the right place.
THE TAKEAWAY:
“When evaluating a second-party data partner, review the privacy policies that were present at the point of collection and define the conditions on how, when and where the data can be used in support of consumer privacy. Ensure consumers were provided with adequate notice and opt-out choices.”
Revealed: Australia’s best states for data
Australia is killing it lately. Now, a new report shows that the states of Victoria and New South Wales have the most data-led initiatives. Given they collectively house more than 50% of the country’s population, that’s a pretty great finding. From digital drivers licenses to public service digitization, these two states set an example not just for Australia, but the rest of the world.
THE TAKEAWAY:
“Jurisdictions are striving to make Australians’ lives better, developing and implementing data and digital transformation initiatives to ensure Australia is at the forefront of data and digital policy, programs, and service delivery,” the report reads.”
Consumers increasingly skeptical over data…but want more digital stuff?
Well, who can blame them? There’s a lot of good stuff happening, but also a lot of bad actors. A new report from Dentsu Aegis reveals only 41% of American consumers believe companies will protect their privacy. Yet at the same time…they want more digital services. It’s a thin line to walk.
THE TAKEAWAY:
“Perhaps the most surprising finding is that consumers with the greatest propensity to use digital products and services are the ones most likely to scale back on digital. They are actively looking to reduce their sharing of data, to limit their time spent with digital devices, to increase their use of ad-blockers and to delete their social media accounts.”
That’s our wrap for this week. Thanks for reading – we hope you found it entertaining and informational. We’d love to hear your thoughts on these articles and anything else data related! Email us anytime at enquiries@datarepublic.com!
Until next week,
Team Data Republic