Data strategy is important in order to be competitive. In this TV show Andrew Sangster
discusses why investment into harnessing data is imperative.
Data strategy and investment cases
What's it going to cost if you don't do it? Its not just a question of upfront costs. It will cost you less in terms of the processing the information. If you are going to take a serious step in analyzing the investment case, you can't afford not to because your rivals will be doing it. You could be seriously caught out. Advisors need to give sound advice. One of the things that is happening now is transparency of data. Historically we have been able to hide mistakes but that's no longer the case, it's now there and it's instant. so you need to be quick to start processing that information that's there and bringing in as much as possible to make meaningful decisions.
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