Utilitarian digital rights and digital financial assets, a section was add to the securities reporting form. By the way, when the Fast Payment System was launched in 2019, which is enjoying great does the time of day affect internet speed? success, the Bank of Russia clarified the composition of indicators in the reporting on payment systems. But we understand that each change in the reporting forms is labor-intensive for financial market participants, and it is the introduction of modern approaches to data management that will reduce this labor intensity. In addition, such approaches improve the quality of data for both management tasks and profitability.
— Is there a place for data monetization in a data
management strategy? How does this relate to managing the entire data lifecycle chain?
— The ability to manage a business based on data is becoming an increasingly valuable skill. Experience shows that new services built on the use of data increase the profitability of business operations and open up opportunities previously unavailable to organizations. At the same time, the development of a data management system should be supported at the level of the organization’s top officials.
The data management strategy should take into account
the provisions of the organization’s business strategy, modern regulatory requirements, data security standards, cover the data life cycle, and so on. The data life cycle is a fundamental sms marketing campaigns for travel and tourism businesses concept that includes three important stages: data planning and design; ensuring availability and maintenance; use and improvement. The last, third stage includes the monetization desired by many. That is, monetization is an integral part of the data life cycle, and if ao lists this is not the case, then you are underutilizing the potential of your data.
