Citizens still want governments to share
With all the data scandals and controversies happening lately, you’d think more people would be turned off by data sharing. But that isn’t the case at all. According to this recent Accenture survey, two thirds of respondents say national borders are safer when agencies share information. They just want it done in the right ways.
THE TAKEAWAY:
“Citizens also appreciate the role technology can play in enhancing public safety. Almost two-thirds (63 percent) want their local law enforcement agency to make greater use of analytics to predict crime, and a similar number think national borders would be more secure if government invested in new technologies.”
Want better AI? Then share!
If we’re honest, AI right now isn’t the best it could be. So how can we make it better? Share data, apparently. That’s what Gartner says in this A Register piece: start using data as a currency and share it, then you’ll get better products. It isn’t that simple – but it’s something to think about.
THE TAKEAWAY:
“Gartner thinks the Facebook data panic will subside as people start to realise the value of their information.”
Banks and fintechs can play nice. Really!
The whole fintech vs banks thing can get out of hand. Shouldn’t we all just get along? That’s what Forbes thinks about the whole thing, anyway. After all, banks are losing customers and brand awareness – seems like more banks are wanting to partner up rather than view everything as a competition.
THE TAKEAWAY:
“While the proliferation of new banking options provided by fintech and non-bank players like Apple, Facebook and Amazon naturally puts banks at risk of losing market share, it also opens up new opportunities for partnership.”
Open banking could get us all lending money again
So the Government’s all about open banking these days. Now experts say that such a change to the banking system could help it meet regulations that are coming down the pipeline. In particular, stricter lending standards.
THE TAKEAWAY:
“Mr Dobson said open banking will help banks manage vulnerable customers because the full spectrum of their banking data will be able to be analysed, which could allow banks to proactively intervene before customers default on loans.”
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