Category Archives: Access

It’s not free; it’s included

“When ‘Free Trading’ Isn’t Really Free,” The Wall Street Journal, November 10, 2018 B5.  You can avoid commissions when trading stock by using an app.  But if the price you pay or get paid for the stock is more or less, is the trade really free?  It depends on how much price improvement is involved.

Interesting study of how the benefits and cost savings on high frequency trading are divided among the various parties.  And who knows what.

Isn’t this type of “information imbalance” inherent in every transaction?  Do we know how much a tomato or an iPad costs the store that sells it?  Or whether the salesperson gets a commission?  How do we manage that imbalance?  Or do we just accept it, whatever it means?

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Filed under Access, Accuracy, Data quality, Definition, Information, Management, Use, Value

More of your data for sale

“Wall Street Analysts Are Selling More Data,” The Wall Street Journal, November 8, 2018 B11. Analysts are searching and make available a bunch of information on your information, including “social media sentiment … and geospatial mapping.”  Think of it as expanded research reports.

Well, they are in the business of reviewing data and offering opinions (for a price).  Is it much of a disintermediation for them to start selling the information directly?  I guess there’s money in it.  Or service.

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Filed under Access, Analytics, Collect, Controls, Corporation, Duty, Information, IT, Management, Operations, Ownership, Security, Third parties, Use, Use, Value

Too much sharing

I’m a bit of a knowledge management wonk, having been involved in the then-nascent KM movement within the inhouse legal community in the early 2000s.  But there can be too much sharing.

“Sinclair Settles With U.S. on Ad-Sales Data,” The Wall Street Journal, November 8, 2018 B2.  A media group settles lawsuit over alleged sharing of information among television station owners, that may have led to higher advertising rates.

An interesting side note is that this all came to light when Sinclair proposed to buy another company and had to undergo a government investigation.

Are there restrictions on how much information can be shared between and among competitors?  Yes.  They are call “antitrust laws.”  And is there a risk of making a deal that subjects you to government scrutiny?  Yes.  The may discover all manner of minor and major sins.

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Filed under Access, Communications, Compliance, Compliance (General), Controls, Corporation, Discovery, Duty, Governance, Information, Internal controls, Knowledge Management, Oversight

Crisis information

How do you protect information in the event of an Event?  Is this part of your business continuity plan?  You do have a business continuity plan, right? Do you have a process to safeguard information you will need to resume operation?

“Second Black Box Eludes Search Teams,” The Wall Street Journal, November 3, 2018 A6.  Divers are still searching for the cockpit voice recorder following the crash of Lion Air flight 610 in Indonesia.

Planes carry two “black boxes,” one  a flight data recorder (which captures a lot of equipment operating data) and the other a cockpit voice recorder (which captures conversation in the cockpit).  The information on these two boxes (which are actually neon orange) is used to determine the cause of a crash.

What information does your company generate that you would need to run your business following an “Event,” such as a computer crash or a hurricane, or whatever?  Is that part of your normal operating policies and procedures?  If you can’t get to that information, can you restart or run your business?

Is this an Information point (protecting information) , or a Governance point (having processes and procedures to protect mission-critical information), or a Compliance with policies and procedures?

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Filed under Access, Business Case, Collection, Controls, Corporation, Duty, Governance, Information, Internal controls, Oversight, Protect, Protect assets, Risk, Use, Value

Information economy

“Alternative Data Is Valued on Wall Street,”The Wall Street Journal, November 2, 2018 B1.  Companies mine different types of available information to help traders.

Is information is worth so much, won’t someone start a business to provide it?  Apparently.  What should you be monitoring to understand how your customers make their purchasing decisions, or what your competitors are doing?

Drones looking at parking lots and where are the iPhones coming from and going to and how many construction permits were issued?  What’s your metric?  How do you measure it?

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Filed under Access, Analytics, Collection, Data quality, Definition, Information, Use, Value

Chinese hacking alleged

“U.S. Charges Agents Of China Hacked Aviation Firms,” The Wall Street Journal, November 1, 2018 B4. Agents of the Chinese government indicted for trying to steal airline industry technology.

This is getting to be rather routine.  One part of this is the value of Information, and the importance of information security.  One part of this is Compliance, of course, as the US government is trying to protect the US information assets (although the company at issue probably had some responsibility for this as well, as well as their board of directors).  And, of course, Governance, as the US government is prosecuting.

We all know the business case for cyber-security.

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Filed under Access, Compliance, Compliance (General), Controls, Corporation, Duty, Duty of Care, Governance, Government, Information, Interconnections, Internal controls, IT, Oversight, Protect assets, Security, Third parties

Admissions

What happens when you have to disclose your secret sauce?

“13 Secret Steps for Harvard Admission — They May Not Help,” The Wall Street Journal, October 29, 2018 A1. Analysis of admissions data shows what affects (helps, hurts) your chances of admission.

If you were Harvard, would you want to keep this secret, to prevent people from gaming the system?  If you were an applicant, wouldn’t you want to know?

Certainly, this is Information, but to what is it relevant?  Can you use it effectively, or is it just interesting?  What’s it worth to you?

From a Governance perspective, did Harvard have sufficient controls in place to prevent both the violation of law and the appearance thereof?  We’ll see.

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Filed under Access, Analytics, Compliance, Controls, Definition, Governance, Information, Internal controls, Value