Following its participation in the Gartner Data and Analytics Summit at Sydney’s International Conference Center, BackOffice Associates, the worldwide leader in information governance and data stewardship solutions, is seeing a growing need among Australian organisations for complete data governance and planning. This demand is a direct reflection of more enterprises looking to adopt real-time reporting and a complete redevelopment of their data analytics structures. With many early-generation IT reporting systems still using transactional data stored in a data warehouse, organisations in Australia often rely on only a single view of their data.
“Trust is the core issue in planning a data governance journey as you need to be able to trust the data source. Validation must be established up front, so that data from all systems can be processed quickly and accurately in real time,” said Krish Datta, CEO for the APJ & Middle East, Region, BackOffice Associates. “BackOffice Associates provides organisations an end-to-end platform that helps capture data immediately from multiple sources while continuously improving its accuracy and completeness, as well as governing it with the proper business rules and data stewardship best practices – enabling real-time reporting.”
BackOffice Associates offers customers a thorough roadmap for their data preparation and analytics and enables them to effectively move to SAP S/4HANA through a best-practice migration framework. Additionally, for organisations that are not using SAP® software but have customer data spread over many systems, BackOffice Associates helps them manage these data assets comprehensively throughout the lifecycle of the data.
Added Datta, “Existing landscapes need to be screened with a data health check, as data quality is fundamental to achieving success with a real-time reporting solution. Companies need to realise that their own data is one of their most strategic assets that needs stewardship and nurturing – only then can you fully leverage it.”
Areas of particular growth for data analytics solutions in Australia include the energy sector, utilities, and retail, where very large assets and customer bases lead to enormous data sets that can be exploited to derive better business value.
“Smart companies are starting to realise that IT is simply the enabler for executing their big data plan and that data responsibility and ownership goes right down to individual business users. This perspective leads to a fundamental shift in the way an organisation is designed and functions in the new environment today,” said Datta.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
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No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.