Back to the complete issue
Tuesday, 26 February 2019

Data is power…and profit

The problem with data: While there’s broad awareness of at least some of the risks in user profiling and targeted advertising (yes, we’re looking at you, Facebook), according to this FT piece “most smartphone users often do not realise the extent to which their data [is] passed to third parties, or repackaged and passed on again.” Researchers at Oxford found, after examining close to 1 mn Android apps, that 90% could transfer data to third parties in the US, 5% to third parties in China and 3% to those in Russia. With our phones containing “stores of sensitive information,” there’s potential for a literal wealth of customer information about us to be shared every time we check them — from our location to our opinions to our habits and preferences.

But if we imagine for a moment that not everyone who analyses our data is trying to sell us something, interesting opportunities open up for how companies themselves could function more effectively. Harvard Business Review suggests combining data science with change management to analyse what the daily workings of employees can tell us about the structural activity of a company, and then working with experts to design mechanisms that will improve processes and retain talent.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.