Hi there,

Data may be the new oil, but it’s also sucking money out of local companies who, just like their global counterparts, are paying a high cost for data mismanagement.

While that’s not exactly unexpected news, a new report actually puts some figures on that cost claiming that on average it's around US$2 million a year thanks to missed opportunities, lost revenue and increased operating costs caused by data challenges.

But as we discovered this week, with over $2 returned for every dollar invested, it's a problem worth fixing.

In other news this week:

AI’s power to do social good
Digital competency (or lack of) holding business back
Blockchain fatigue hits home
Invenco pumps new boss for growth

Enjoy the read,

Heather Wright
Editor
editor@istart.co.nz

BIG DATA

The real cost of data mismanagement

Sloppy data management continues to hinder productivity and profitability. So what’s to be done?...

Yes, we get it: The age of big data offers grand opportunities.

“It’s important to take a long-range view of data as it moves from ‘cradle to grave’ and understand how each stage in its lifecycle can result in siloed, non-integrated processes.”

[Read more]

ARTIFICIAL INTELLIGENCE

Google’s US$25m AI for social good boost

AI ethics is off the agenda, but Google digs deep for AI fund…

An Australian AI-driven suicide monitoring project has garnered US$1.2 million from Google as part of the tech giant’s push for AI for social good.

40 percent of the applications came from organisations with no previous AI experience.

[Read more]

DIGITAL TRANSFORMATION

Digital competency concerns plaguing business

But is it just a sign we’re winning in the DX game?…

DX may have gone from novelty to norm, but we’re still struggling with digital competency and it’s holding business back the Economist Intelligence Unit says.

57 percent of the high performers category saw a need to improve across all digital competencies.

[Read more]

BLOCKCHAIN

Blockchain fatigue hits 90 percent of supply chain projects

Still a solution looking for a problem…

Ninety percent of blockchain-based supply chain projects are in troubled waters because they can’t find suitable use cases for the technology according to Gartner.

Companies are forced to run multiple development pilots using trial and error to find ones that might provide value.

[Read more]

DISRUPTION

Self-service payment provider eyes further growth under new boss

As Gavin Lennox steps down and John Scott takes on CEO role, company eyes AU market…

Relentless requirement to improve payments security driving strong growth globally for NZ outdoor self-service payments solution provider Invenco.

This environment is always being driven by a relentless requirement to improve security.

[Read more]

PROUDLY SPONSORED BY

Latest articles by this vendor:

- Less time behind a keyboard, more time on the water
- How upgraded ERP sows the seeds of success
- World-leading solution unlocks unprecedented energy insight

[Read more about this vendor]

Upcoming events:

More events

iStart is proudly supported by these leading New Zealand software providers:

Latest Buyer's Guides

ERP Buyer's Guide | CRM Buyer's Guide | HR/HCM Buyer's Guide | BI Buyer's Guide

Privacy statement: We have sent this weekly eNewsletter to you at your e-mail address: [email address suppressed]. iStart will never share your e-mail address, but you may from time to time receive other event invitations or partner communications from us. You can opt out of these by managing your subscription preferences, where you can also update your e-mail address and other details.

Find out more about iStart | Advertise with iStart | Subscribe

Please support independent journalism!

Here at iStart we are passionate about independent fact-based journalism.

If you feel the same way, and like what we do, then we welcome your support through crowdfunding platform PressPatron.