The success of companies increasingly depends on their ability to integrate data analysis both for strategic and operational decisions.
Both the availability of data and the ability of technology to use it for analysis, have increased exponentially in recent years.More sophisticated algorithms have been developed and computational and storage power has steadily improved. The convergence of these trends is fueling rapid technological advances, aiding better business management.
The failure of polls on the presidential election in the US shows that in order to get the right information, data must be collected and analyzed with scientific rigor, free from any bias caused by the personal interest of pollsters and analysts.
Only 1 out of the 20 main pollsters, newspapers and television stations in the United States who possessed all the tools needed to properly manage the demographic data and surveys, was right in indicating who the next president would be.
The delay in publication of the database obtained from the Survey on Living Standards in Nicaragua in 2014 is another example of the difficulty in accessing and viewing in timely manner information which is in the hands of state officials.
Being informed is essential for decision-making in any aspect of life, especially in the field of business.
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The reform of Article 92 of the Constitution of Nicaragua referring to databases, and telecommunications records could affect the trade and service industry.
According to Joseph Adam Aguerri, president of the Superior Council of Private Enterprise (Cosep), reform of Article 92 of the Constitution of Nicaragua proposed by the government is "counterproductive" in relation to economic matters. " ... It should not be incorporated, because of the effort that has been made in different ways with the Government to respond to modern trends in trade, and because of the attraction of the service industry," said Joseph Adam Aguerri.
The laws in Costa Rica have forced companies providing data on natural persons and legal entities to plan new strategies.
Elfinancierocr.com reports that "the actions have occurred in response to the fact that on March 5 the deadline was reached for the reorganization of their operations to comply with the provisions of the Law on Protection of the individual against the processing of their personal data (Act 8968) ".
The regulations for the Law on Protection of the Individual Against the Processing of their Personal Data was published on Tuesday in the Official Gazette.
This regulation provides that in order to collect personal information about an individual for inclusion in a database, their express consent must be gained, which must be stated in a physical or electronic document, and may be revoked at any time desired.
The "Paperless Panama" project, worth $25 million, will be put out to tender on Thursday August 4.
Eduardo Jaen, manager of the Government Innovation Authority, said that they will be contracting out the first stage of the project, worth $12.5 million, adding that the award will go to the bidder with the lowest price.
The initiative seeks to create business systems that will interconnect all state databases, simplifying procedures and avoiding the need for citizens to provide documents that already exist in public databases.
The Statistics Institute initiated the National Survey of Employment and Income (ENEI) to update the information dated from 2004.
Marciano Castillo, manager of the Institute, explained data will be available in November.
Lorena Alvarez of Elperiodico.com.gt, reports that according to results in ENEI 2004, unemployment affected 3.1 percent of economically active population (PEA) and visible underemployment was at 16.25 percent. In ENEI 2006 that percentage increased to 21 percent of EAP.