A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission,听FINSIA Regulators Panel (Melbourne, Australia),听11 November 2016
Introduction
Today I would like to speak about driving better consumer outcomes in the era of big data and artificial intelligence.
I have three main points I would like to make today.
- First, technology is now facilitating the collection and analysis of vast amounts of data.
- Second, there are opportunities for businesses 鈥� particularly financial services organisations 鈥� to better understand their customer base, and to tailor the products and services they offer accordingly.
- Third, data is allowing ob体育 to become more pre-emptive and proactive as a regulator. Let me quickly unpack each of these three points.
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