In 2011, McKinsey called Big Data – in essence, boundaryless digital data - the next frontier for innovation, competition and productivity. Even in the last 2 years, an incremental increase in four things - data volumes, smart algorithms, on demand Cloud computing power and open source software for unstructured data - has started to make the benefits of Big Data a reality.
To take one example, data in financial services – the sector that stores more data than any other - is a $25bn industry globally. But market data and analytics are just a part of the componentry, and increasingly companies want to access, analyse, store and exploit all the digital data they can so they understand and can predict what their customers want better than their competitors.
Kemp Little has one of the top data law practice in the City. In this session, data law experts Richard Kemp (Senior Partner), Paul Hinton (FS Technology lead partner) and Jeremy Harris (Data IP lead partner) will be focusing on the latest contractual and IP developments in data market places and looking at the legal and regulatory pitfalls that companies must avoid for all the types of data they use – whether personal, regulated, confidential, proprietary, licensed or derived – in order to maximise the benefits of the Big Data opportunity.