EFIS Keynote: HSBC Chief Data Officer Baker Defines Value of Data

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In fact, while there is an abundance of data, finding useful data is as rare as striking gold, Baker said, citing statistics that 2.5 quintillion bytes of data are produced every day, and that the amount of data being stored worldwide amounts to 1,200 exabytes─98 percent of which is digital, and 90 percent of which has been created within the past two years.

Instead, the value can be determined by factors as diverse as the bank's ability to cross-sell investment products to its ability to meet c

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