This week in data – September 28th

Yahoo made history this week when they disclosed one of the largest hacks of personal data in the history of the web. The breach, which occurred in 2014, saw personal data from more than 500 million Yahoo users leaked and posted for sale on the dark web.

The shocking breach has caused controversy this week with many questioning why Yahoo took so long to disclose the incident and what this means for the future of the increasingly embattled Yahoo brand. The scale of this breach has also raised industry-wide security concerns around best practice for the storage and management of personal information online.

Robots will soon be helping you compare and select service providers for everything from utilities to home and car insurance. In an announcement this week, online insurance player iSelect detailed their plans to deliver a service revolution through automated bots and voice data mining. The strategy announcement follows the recent appointment of US cloud-based customer engagement platform, Aspect Software, to manage how iSelect engages with customers online.

Finding a parking space for a luxury car is set to become a whole lot easier thanks to the launch of a new real-time traffic and parking service being rolled out by BMW AG, Audi AG and Daimler AG. The service, set to debut early next year combines automotive sensors generated by other luxury cars in the network to provide crowd-sourced data on traffic flow. This is just the tip of the iceberg however, digital map provider HERE has announced their ambitions to roll out functionality to all automakers. Easier parking for all!

In other news…

Our minds were blown this week when IBM estimated that the annual cost of poor quality data to business is 3.1 trillion dollars, in the US alone, just for 2016.  While most people who deal in data every day know that bad data is costly, this stunning figure raises some serious questions about organizational management of data quality.

Speaking of data governance, former ACCC boss Graeme Samuel has been announced as chair of the recently formed Data Governance Australia (DGA) group.  Set to officially launch next week, founding members of DGA have been sourced from a cross-section of Australian industry, including Allens Linklaters, Insurance Australia Group, Coles Flybuys, Qantas Airways Limited, Quantium, NAB, Scentre Group, Signal, Westpac Banking Corporation, Woolworths Ltd, Veda and your very own, Data Republic.

We’re excited to be a founding member of this vital industry body – and will be keeping you in the loop on the launch, but in the meantime, we encourage you to learn more about DGA’s mandate on their website.

Until next time.

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