A Quote by Kate Crawford
When dealing with data, scientists have often struggled to account for the risks and harms using it might inflict. One primary concern has been privacy - the disclosure of sensitive data about individuals, either directly to the public or indirectly from anonymised data sets through computational processes of re-identification.
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While many big-data providers do their best to de-identify individuals from human-subject data sets, the risk of re-identification is very real.
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Today, I think a CFO needs to be more of an operating CFO: someone who's using the financial data and the data of the company to help drive strategy, the allocation of capital, and the management of risks.
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One of the myths about the Internet of Things is that companies have all the data they need, but their real challenge is making sense of it. In reality, the cost of collecting some kinds of data remains too high, the quality of the data isn't always good enough, and it remains difficult to integrate multiple data sources.
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