This week, we begin with an article about how Facebook has remained silent about the data breach of half a billion of its users. Next, we look at how hedge funds are coping with investments in new technologies and alternative data amidst the pandemic. Following that, we have a whitepaper on developing new data governance models that integrate data from multiple origins, including personal, commercial, and government sources. The following piece discusses how open data can assist countries in dealing with climate-related disasters. After that, we have an article that discusses IBM’s new AI system, which helps in designing COVID-19 treatments. Finally, we look at the EU’s Sustainable Finance Disclosure Regulation, which requires companies to disclose information about their environmental, social, and governance (ESG) credentials.
Another huge data breach, another stony silence from Facebook
Half a billion Facebook users’ accounts stolen. Personal information compromised. Telephone numbers and birth dates drifting across the internet being used for God knows what. And for four days, from Facebook’s corporate headquarters, nothing but silence.
Amid the Pandemic, Hedge Funds Grapple With Investments in New Tech and Alternative Data
The Covid-19 pandemic shifted the professional world to the online office. Yet despite the demands of the virtual space, only around half of hedge fund managers are spending money on new technology. According to a recent survey from the Alternative Investment Management Association, Simmons & Simmons, and Seward & Kissel, 47 percent of hedge fund managers answered “no” when asked if they were investing in new technologies.
Data-driven Economies: Foundations for Our Common Future
This White Paper recommends creating new data governance models that combine data from various origins, including personal, commercial and/or government sources. It highlights use cases from industries and jurisdictions around the world to illustrate the possibilities data sharing unlocks for multiple stakeholders and the public good.
How open data can help countries address climate emergency impacts
In the aftermath of the 6.5 magnitude earthquake in Aceh, Indonesia, in 2016, disaster managers were able to able to identify which communities were at greatest risk due to rapid access to data. They used the open source InaSAFE platform to access real-time hazard data and modeled population data mapped down to the village level.
Artificial intelligence can now design new antibiotics in a matter of days
Imagine you’re a scientist who needs to discover a new antibiotic to fight off a scary disease. How would you go about finding it? Typically, you’d have to test lots and lots of different molecules in the lab until you find one that has the necessary bacteria-killing properties. You might find some contenders that are good at killing the bacteria only to realize that you can’t use them because they also prove toxic to humans. It’s a very long, very expensive, and probably very aggravating process.
ESG: Green, greener, greenest…
The EU’s Sustainable Finance Disclosure Regulation has been widely welcomed by the industry, but its implementation remains challenged. Alex Rolandi reports. When the EU’s landmark Sustainable Finance Disclosure Regulation (SFDR) came into force on March 10, it was widely welcomed and hailed as a ‘game-changer’ in the fight against greenwashing.