Big Data has created a range of new opportunities for organisations that can harness it correctly. According to McKinsey, Big Data is 'the next frontier for innovation, competition and productivity.'
Tracking, analysing and evaluating customer data allows organisations to optimise everything from the tailoring of services to the timing of new product releases.
Despite the benefits there are major risks and often questions about security go unanswered:
- What new security threats does Big Data bring?
- Does a growing volume of Big Data affect the number of security threats?
- Are we prepared for both current and future Big Data security requirements?
Doing nothing can have major ramifications. The costs associated with data losses can run into the millions, while negative headlines can undermine market confidence.
Now is the time to act.
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