Op tips: Data literacy

Holland Mountain's Jeremy Hocter discusses the critical role of data literacy and the management of unstructured data in private equity. He emphasises the need for a cultural shift towards data awareness and accountability, the importance of organising unstructured data for effective use of AI tools, and the necessity of maintaining document security amidst technological advancements.

Takeaways

• Data literacy is essential for understanding and using data effectively.
• Cultural change within organisations is necessary to prioritise data.
• AI tools can help summarize and analyse data but they require good data practices.
• Document version control is vital to avoid confusion and errors.
• Security measures must be in place when integrating AI with document management.
• Awareness of data's impact on operations can drive accountability.
• Firms need to adapt to new technologies to stay competitive.