Data Standards Can't Keep Up with Data Use Cases

In the era of big data, standards take too long to adopt, say industry participants.

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It’s been 12 years since the 2008 financial crisis, which prompted an era of increased regulatory oversight and industry-wide pursuits of data standards. As pivotal a point as that year was for financial services, the big data boom was still around the corner. While data has grown and continues to grow exponentially, areas that demand data standards have also grown almost too fast for the industry to keep up.

Datasets like environmental, social, and governance (ESG) data remain sorely lacking

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