Two Sigma and WeSure: Harnessing data in investments and customer innovation
Kenny Lam, CEO of Two Sigma Asia Pacific and Alan Lau, Chairman of Tencent WeSure.
Bloomberg hosted an exclusive virtual roundtable with over 30 C-suite executives in Asia to discuss the future of data ecosystems with Kenny Lam, CEO of Two Sigma Asia Pacific and Alan Lau, Chairman and CEO of Tencent WeSure.
Challenges in the data ecosystem
Speaking about the challenges in the data ecosystem unique to Asia, Lam said that there is a copious amount of data in the region, but not all data is useful and a lot of effort is spent to identify and make the data useful. “Nine out of ten times, you can’t use the data because of the way data is stored, and it’s impossible to go back in time to find another way to store it,” said Lam. Rather than just