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A failure to grasp how data is used across the business is one of the most common barriers facing large enterprises today, according to a new whitepaper published by GoldenSource.

Research has revealed that more than two-thirds of data management leaders say they have an effective data strategy and an effective approach to data cleansing and analytics, compared to around 10 per cent of laggards. However, there are as many laggards as leaders across most industries, revealing how many companies are falling short in data management. With research from CEBR[i] showing that the value to the UK economy of big data analytics and the Internet of Things combined could accumulate to £322 billion between 2015 and 2020, organisations are urgently seeking ways to overcome growing volumes and varieties of data to exploit its full potential.

UK organisations that have a well-defined data strategy reported their company's financial performance as substantially ahead of peers in the most recent financial year. The findings emerged from research entitled 'Big data: Forging corporate capabilities for the long-term', a SAS research programme based on a survey conducted by The Economist Intelligence Unit.

April 5, 2016 - The International Consortium of Investigative Journalists used Neo4j, the world's leading graph database technology, to unearth what's hailed as the world's biggest- ever financial leak story.

March 14, 2016 - Results of a new survey of investment management firms reveals that senior management teams are lagging in their use of data for strategic decision-making, resulting in missed business opportunities.

March 1, 2016 - INDATA, leading industry provider of software, technology and services for buy-side firms, today announced the top buy-side priorities for data management and trading following a survey conducted at its 2016 User Conference held on February 24-26 in Las Vegas, Nevada. The survey consisted of a variety of US and UK investment management firms including institutional, private client and wealth management.

February 9, 2016 - The Global Legal Entity Identifier Foundation (GLEIF), the body responsible for ensuring the operational integrity of the Global Legal Entity Identifier (LEI) System, today launched its data quality management program.

February 4, 2016 - Given the increase in threats and vulnerabilities introduced to the market on a daily basis, the process of moving company data securely is critical to the role of IT teams. Today, Ipswitch announced the findings of their new surveythat evaluated the current file transfer solutions and policies in place for 555 IT professionals across the globe. The survey found that while IT teams believe secure file transfers are very important to their organizations, they lack the necessary tools to do so.

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