What if we told you that all the data you need to automate compliance critical oversight and generate true competitive advantage was right under your roof? It’s no secret that today’s most integral companies are sitting on endless volumes of data. It’s also true that said data varies from structured to unstructured, integrated to siloed, actionable to passive. Proactive leaders will find it no surprise their sea of data is flooded with untapped opportunities but finding the budget and incentive to address those opportunities can be a challenge.
Data is both the untapped goldmine and the heavy burden of today’s enterprises. We all know we’ve got it in spades, but how do we efficiently leverage it, what data management projects should we greenlight, and how do we get dozens of data silos to work together? As we talk to C-Suite executives from across the Fortune 1000, one thing is clear: procrastination is no longer an option.
Unstructured Data Depends on Human Contact
Even in some of the most proactive organizations, processes and the data they produce remain shockingly paper-based and unstructured. Critical information is immune to basic search, and cross referencing across verticals, departments, or—God forbid—acquisitions and their legacy systems and processes is nearly impossible. But as COVID-19 sent us all to work from home, a greater threat emerged: the dependency of legacy data management on human contact.
While we are all hopeful to repopulate our offices, there are pandemic lessons that work-from-home (WFH) taught us. The more times a human has to touch the data, the less valuable the data becomes. If it requires contact and paper, we’re in trouble. The tendency to delay data modernization and digitization cannot continue. A distributed workforce is with us, perhaps permanently, and with it comes the necessary understanding of data self-sufficiency: using AI, Natural Language Processing, and advanced data management to train the data to structure itself, all under the umbrella of the strictest security protocols.
Distributed Work is a Security Nightmare
It’s only a matter of time before niche therapy clinics specifically for enterprise CISOs start popping up. With a distributed workforce logging in from who-knows-what-device on we’re-assuming-the-worst WiFi network, the need for highly secure data has never been greater. Resistance to cloud solutions has been softening as of late, but many are still accepting the false premise that the cloud is less secure.
Data in the cloud has some of the highest security protocols available – it's encrypted everywhere, it’s littered with firewalls, and it’s physically inaccessible. The processes that manage and access the data exacerbate risk.
In a WFH-world, data leaders can no longer depend on containing their workforces in highly secure facilities with in-house servers. The data itself must have built-in security mechanisms that are self-protecting, running on globally available systems that have the most reliable protocols. A single lock on the front door is not enough when the house can be accessed from anywhere.
Crisis is Opportunity
Challenging times are a leader’s playground. The world’s most integral companies use these uncertain times as a moment of truth for how they organize, integrate, access, and deploy data. Kingland partners with firms managing billions of transactions a year, surveying compliance protocols hundreds of thousands of times, and building data management AI from our platform that transforms lazy, couch potato data into the six-pack superhero it was destined to be.
This process of data transformation requires the expertise of overseeing these kinds of projects for over 20 years. While in-house teams often produce quality solutions for small scale improvements, the kind of enterprise-wide renovation that the above challenges have exposed require the insight of an industry data leader.
The winners of this pandemic understand they don’t need more data. Their data just needs to work harder.
At Kingland, in the face of these incredible obstacles for the companies the world depends on, we are building future-ready solutions every day. We believe strongly that enterprise data is not living up to its promise. It is not managing risk effectively, not producing revenue opportunities effectively, not building efficiency effectively. The Kingland Platform is designed to power the essential modernization that these uncertain times are calling for. Let’s go to work, together.