In the first part of this blog, we discussed how government interventions (like FATCA and GDPR) have increased complexity in your corporate data landscape (on top of an already expansive digital landscape) and explained why a traditional ‘heads-down’ data strategy typically fails.

In part two, we will explore an alternative ‘heads-up’ approach, by outlining what an operationally ‘baked-in-by-default’ risk-based data strategy looks like, and how you can realize this advantage by building an application network.

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“McKinsey research shows bold moves to adopt digital technologies early and at scale, combined with a heavy allocation of resources against digital initiatives and M&A, correlate highly with value creation” 

Digital strategy in a time of crisis, © McKinsey 2020

Imagine having to identify every customer data point in 100s of business systems, capturing all of that out-of-step from BAU operations, and then purging it from wherever it is.

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The Edison light globe was a revolution in technology, and was the ‘killer-app’ for starting wide-spread use of electricity at the turn of the 20th Century. Today, while we have the bayonet type of socket adapter or ‘interface,’ we still have the original screw type interface that Edison invented. What may be a lesser known and scary fact is that the original deployment of electricity itself didn’t rely on the ubiquitous electric power point that we all know today,

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