An exciting topic that is currently haunting the minds of many managing directors and board members is the topic of data integrity – in other words, is my data or the data I receive really trustworthy? In contrast to data security, which is intended to ensure that data is not lost or falls into the wrong hands, data integrity is intended to document and ensure the “authenticity” of the data.
A recent report by KPMG International shows that a large majority of managers do not have a high level of trust in the way the company handles data, analyses or artificial intelligence. The fear of losing control is high and understandable.
Only 35% have confidence in the way their company uses data and analysis. 92% are concerned about the potential negative impact of data and analysis on the company’s reputation. In addition, 62% of executives said that technology functions, not executives and functional areas, are responsible when a computer or algorithm does not work properly.