How the Panama Papers Show Publishers the Value of Big Data

How the Panama Papers Show Publishers the Value of Big Data

Expert publishing blog opinions are solely those of the blogger and not necessarily endorsed by DBW.

The release of the Panama Papers earlier this year unveiled a global conspiracy of tax evasion and money laundering by some of the world’s most powerful politicians, officials and businesses. Just a month ago, new revelations showed that corrupt officials across Africa have used shell companies to hide profits from the sale of natural resources and the bribes paid to gain access to them.

These are just a few outcomes from data mining of the more than 11 million files that were leaked from the Panamanian law firm at the heart of the controversy.

While these leaked documents continue to rock the world both politically and legally, they should also serve as a stark reminder of the hidden value sitting locked in large amounts of unstructured data, such as notes, documents and emails.

In recent years, we’ve seen businesses in many industries solve the puzzle of big data and begin to extract the insights that can accelerate innovation and grow revenue. Healthcare, finance and retail are three that immediately come to mind that are at the forefront of using big data. But that is only the beginning.

Consider this: 90 percent of the world’s data only came into existence in the last two years. With more of our lives moving online and into the cloud, this remarkable growth of data will only accelerate, offering enormous possibilities to the businesses that can navigate these massive data collections.

The Panama Papers are a roadmap.

 

Share it:
Share it:

[Social9_Share class=”s9-widget-wrapper”]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You Might Be Interested In

How to Structure Your Team When Building a Data Startup

7 Oct, 2016

Data Startup in mind? Need to structure different teams? Here are guidelines for structuring Data Team, Crawl Development Team, Data …

Read more

Price Detection through Retail Image Recognition

30 Aug, 2021

Price detection and its compliance is an important part when it comes to achieving a perfect store programme. Brands are …

Read more

The Modern Face of Master Data

14 Apr, 2016

MDM still has the potential to meet many critical needs in this data-rich environment, but only if it can keep …

Read more

Do You Want to Share Your Story?

Bring your insights on Data, Visualization, Innovation or Business Agility to our community. Let them learn from your experience.

Get the 3 STEPS

To Drive Analytics Adoption
And manage change

3-steps-to-drive-analytics-adoption

Get Access to Event Discounts

Switch your 7wData account from Subscriber to Event Discount Member by clicking the button below and get access to event discounts. Learn & Grow together with us in a more profitable way!

Get Access to Event Discounts

Create a 7wData account and get access to event discounts. Learn & Grow together with us in a more profitable way!

Don't miss Out!

Stay in touch and receive in depth articles, guides, news & commentary of all things data.