(thomsonreuters.com): The paper cites exponential increases in the volume, frequency and variety of data as a critical risk factor in decision-making, especially in time sensitive situations. When data pours in by the millisecond and the mountain of information builds continuously, professionals inevitably cut corners and go with their 'gut' when making decisions that can impact financial markets, medical treatments or any number of time sensitive matters. To that end, many government regulators have flagged increased financial risk-taking, which can be traced in some degree to imperfectly managed data, as a contributor to the recent financial crisis.
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