Big data analytics is an effective solution for identifying behavioral patterns and establishing strategies to help detect and prevent fraud in various business sectors.
Most companies are not aware of the information they have and how to leverage, analyze and understand it, which can result in the loss of a large amount of potentially useful data by normalizing fraud and other criminal activities in their processes and make them difficult to prevent and detect.
Data has proven to be a competitive differentiator in different business sectors. The performance of any organization is highly correlated to the maturity of its data, so it's important to know in which level you are in this process.
What is Data Maturity?
Data maturity is a measure used to determine where a company's data quality, structure, distribution, security, and analytics are in their progress.
As of March 29, 2021, Law 81 on Data Protection came into force in Panama, a legal framework that requires consumers to be asked for authorization for their information to be used.
According to the text that regulates these practices, "... those responsible for data processing may only transfer information about them when they have the prior, informed and unequivocal consent of the owner."
The availability of data, a new generation of technology, and a cultural shift toward data-driven decision making continue to drive demand for big data and analytics technology and services.
Availability of information, new technologies and cultural change towards making decisions based on data is changing the way we do business.
According to estimates by the firm International Data Corporation (IDC), at the global level "...
The increasing speed and ease of direct access to the information needed for decision-making, is drastically reducing the number of middle managers who used to be hired to provide them.
In companies of the last century when a sales manager needed information about last year's sales in order to take a relevant decision, he or she had to contact their assistant manager, who was responsible for collecting information and presenting it to the director. Nowadays, the direct and easy access to all information concerning day-to-day business allows the same director to touch a screen, get the information and make the decision, reducing costs and saving time.
The information presented by the Telecommunications Authority does not allow consumers to compare the quality offered by different operators.
Data published by the Superintendency of Telecommunications (Sutel) through a virtual map on its website does not specify in detail the quality of the calls, and the coverage of operators in specific parts of the country.
The Mexican technology company has invest about $30 million to build its first Technology Campus and Computer Centers in Panama.
A press release states:
“KIO Networks said their aim is to strengthen strategy and expand its outsourcing services into new locations, as well as making a commitment to increase competitiveness and efficiency for its customers.
The Ministry for the Economy has set up a data center to supply information on the economy to institutions and businesses.
Rafael Barrientos, Director of Information Technology at the Ministry explained that, "the database will be fed by daily, monthly, quarterly and annually series measuring economic trends and behaviours".
The database will include economic data from field personnel monitoring the work of institutions such as El Salvador's National Water and Sewage Authority (ANDA) to enable users to access key water metrics.
For $55 per month, 'Radiográfica Costarricense' will offer Cloud Computing services.
For this monthly fee, the user will receive a basic suite comprising a terminal, free software, Internet access and email account.
Mario Estrada, Racsa's marketing manager, told Nacion.com: "The 'cloud' will be located in Racsa's servers. In them we will store the data, and the customer will be able to load his configuration and documents from any Internet-enabled computer".
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