Data – your pot of gold

For our clients concerns regarding data residency have disappeared and the benefits of the cloud computing to provide scalability, security, reliability, and cost efficiency are now clearly understood. Similarly, the smart phone has transformed client serving, the digital channel is now the primary means of communication with clients be that via email, client portal or App.

However, although the technology is an enabler business should not lose sight of what is the key asset within an organisation, which is its data. In discussion with clients, I often talk about core data being the “pot of gold” within the organisation. Core data and Management information be treated as an asset to drive value, just like financial capital or intellectual property.

Looking forward the next big revolution in computing is now here, and its impact will be immense. Who can ignore AI and ML, just this week the arrival of DeepSeek will be a game changer in accessibility and cost of this technology. As with the arrival of the internet, all of its uses are yet to be foreseen, but the impact will no doubt be huge. What we are working towards in our industry is the ability of AI and ML to automate and analyse data be that for risk and compliance monitoring, internal efficiency of competitive advantage. As the AI/ML tools develop accessibility of that pot of gold will be a significant factor in determining how successfully and organisation can exploit and leverage this for competitive advantage.

So, when looking at system and data strategies within your organisation don’t lose sight of where that core data, your pot of gold is located and how easily can you access it.

As your software and solutions partner, you can talk to us about how to ensure your organisation is geared up and ready to take advantage of these developments as they arise, securely so you can keep ahead of your competitors.