IBL TOGETHER
112 across a range of industries . In recent history , data processing was a manual process that involved heavy investment both in terms of manpower and money in order to be effective . Today , businesses increasingly turn to modern , more efficient and effective solutions . Fayolle explains : “ The expression I consider is ‘ data is the new oil ’. However , I think that ’ s only true if you can get useful information from the data you own . Without context – without it being interpretable – the data is useless . Information is key .”
Companies must consider how they use those analytics to capitalise on
“Securing data and making sure we know who can access it and for what purpose is absolutely imperative ”
— Laurent Fayolle , Group Information & Technology Executive , IBL Together , Mauritius their potential . The implementation of automated processes can dramatically increase the operational efficiency of a company without having a huge impact on its overheads . “ It ’ s much easier to work with data today thanks to AI and machine learning working with AIaaS , all whilst doing this for a small amount of money compared to building your own platform ,” Fayolle says . “ Our duty is to understand our data and make the best use of it , but to also ensure we
NOVEMBER 2019