Data Is the New Oil

Amit Walia
EVP & Chief Product Officer-Informatica
Thursday, December 3, 2015
Amit Walia
How are the big fishes in the market seeking Informatica's aid for real-time decision making?

There is a fundamental shift in analytics and hence, security. The traditional data warehousing, which is reactive in nature, is not enough in todays hypercompetitive world. Organizations are embracing real-time analytics to obtain clear insights about their internal and external stakeholders. While leveraging real-time data creates umpteen of revenue opportunities for organizations, the contextual offers also helps customers to relish a better shopping experience. In a data-driven smart city, an ambulance, a fire engine or a police vehicle would be able to leverage real-time traffic flow information to find the best possible route. The intelligence gained by comprehending the security risks around data in real-time basis is much more powerful.

Can you throw some light on data security?

In this new world, data is the new oil, which is an organization's most valuable asset (fuelling its growth) that everyone wants to steal. Traditionally, security has always been around parts of physical infrastructure (network, server, database, application, mobile devices and so on). But today the volume of data is proliferating; the number of users, devices & locations keeps skyrocketing and naturally the amount of data getting stolen keeps mounting in every country (some countries more than others). The first step towards data security is having the intelligence about what need to be secured (if you don't know where your precious jewels are at your home, you can't secure them). You also need to precisely know who is touching the data in your organization, because one insider attack is equal to hundred outsider attacks, since the insider knows exactly what to steal. Organizations should segregate their sensitive data and encrypt them. Likewise, individuals should also keep their sensitive data encrypted and password protected. They shouldn't leave their emails open and let their sensitive data hanging around; say, in a shared computer in airport.

As the government itself is moving towards e-Governance, what role it should play in enforcing security policies?

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