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Companies must both protect and leverage user data in 2022 – Source

Companies are swimming data. Members of the Fast Company Impact Council—an invitation-only collective of leaders from a range of industries—urged business leaders to protect customer and employee information, even as they extoled the virtues of exploiting data to make companies faster and smarter. Edited excerpts follow:

Frank T. Young, president, vertical market software solutions, Global Payments

“The one big trend I want [raise] is the importance of privacy and information security. It is already enormously important, but the bad actors are not slowing down. Private companies, public companies, universities must work very hard to stay two steps ahead of the fraudsters and the bad actors. And so there has to be massive focus on security, but also on consumer privacy, especially in the U.S., given where we are relative to the rest of the world.”

Dan Streetman, CEO, TIBCO

“My prediction for 2022 is the correlation between the speed of insight and the value of the decision….

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