Tag: Big Data
Although industry leaders recognize the value of data, they aren’t using it. This is because they don’t have the right tools or resources to do so. In fact, the majority of respondents stated that they are counting on AI to help them extract value from data. Yet, most do not have the technology or skill necessary to utilize AI. Moreover, 69 percent of respondents stated that they aren’t even trying to learn new skills, with almost half of respondents saying it’s because they’re “too old.” This is not only hindering their ability to unlock business value, but it’s also expensive. Storing data is less costly than it used to be; however, it is still expensive – especially when you aren’t leveraging it.
The days of data privacy as an afterthought are well behind us, but the motivation to monetize consumer data remains strong. The downside is, many companies are stockpiling information without much regard to basic security features; the upside is, a reliable framework can save the day.
Transactions in IP and finance often require an excessive amount of verified personal information. But what if there was a way to provide verified proof by revealing only the specific amount of information necessary to approve the transaction?