Ask yourself; is your strategic planning purely an academic, vague activity with little impact, is it productive?

The market for wealth management solutions continues to grow. As financial institutions formulate wealth management strategies, a number of challenges can be found along the way, including integrating applications and systems within a wealth management framework, selecting the appropriate solution provider, choosing the best deployment option, obtaining the most accurate data, and complying with new regulations.

According to Wikipedia; the term Internet of Things was proposed by Kevin Ashton in 1999, a British technology pioneer who cofounded the Auto-ID Center at the Massachusetts Institute of Technology (MIT), which created a global standard system for RFID (Radio-frequency identification) and other sensors. The concept is based on the fact that as more objects are becoming embedded with sensors and gaining the ability to communicate. This will result in widespread information networks which will create new business models, improve existing business processes, and potentially reduce costs and risks.

There has been a lot written about data analytics in the recent years. A revolution has certainly begun but what are the affects to corporations and consumers across industries. One cannot address the topic of data analytics without first considering the privacy concerns of clients and consumers.