DIGITAL TRANSFORMATION
“ MANY STILL
STORETHEIR VALUABLE CUSTOMER
DATA IN
DISPARATE SILOS ACROSS THE BUSINESS ”
JEROME BUGNET MULESOFT
Risk versus reward The pitfalls of increased Big Data - especially at a time when privacy concerns are a primary issue , cannot be understated . Cybersecurity is a huge aspect of the risk / reward ratio , and as incidences have increased significantly since the advent of digital transformation and the pandemic , it looms large in the discussion .
Brian Mullins , CEO of Mind Foundry , describes it as a big threat . “ Cyber-attacks and data breaches will continue and the fallout from these is likely to get worse as our digital footprints expand . But opting out will often be even more detrimental than opting in and falling prey to an attack .”
Mullins says the optimal approach involves an understanding that increased access to data comes with risk but these risks can be mitigated with a careful , principled approach that , “ utilises the best techniques of machine learning including continuous meta-learning , differential privacy , robust data governance frameworks , and responsible system design .”
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