Digital Rights Project for Data Usage Faces Legal, Operational Hurdles
Keen to trim the resources they expend on interpreting licenses, investment firms are exploring how they can turn data agreements into machine-readable code. Doing so is fraught with challenges.
For many financial firms, half of the battle with data isn’t about just using it—it is also about making sure that they are allowed to.
At every bank, there are teams of people that spend countless hours sifting through data licenses and interpreting usage rights, usually answering queries from various parts of the business on whether they have permission to use the data.
“I think it was clear to us at JP Morgan and other financial firms across the industry, that there’s a huge amount of
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