Anastasia Dokuchaeva, head of partnerships at ClauseMatch, considers what data compliance would look like if a startup invented it.
Legacy financial institutions large and small have a dirty secret regarding their data. The problem they have is this: only 10% of the data flowing through their organisations can be described as ‘structured’.
Structured information and data can be interrogated and made valuable. Ask it questions and it will show you solutions.
But how do you make the decisions you need to in order to run a successful business when 90% of the information you own is unstructured? When it’s all over the place and stored in hundreds of different formats?
How can a CEO and a board be accountable for what is happening within their companies if they can’t access the data that will tell them what is going on?...