acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vbeujzhnil6x/public_html/beacon-strategies/wp-includes/functions.php on line 6131photo-gallery domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vbeujzhnil6x/public_html/beacon-strategies/wp-includes/functions.php on line 6131insert-headers-and-footers domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vbeujzhnil6x/public_html/beacon-strategies/wp-includes/functions.php on line 6131essential-addons-for-elementor-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vbeujzhnil6x/public_html/beacon-strategies/wp-includes/functions.php on line 6131astra domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vbeujzhnil6x/public_html/beacon-strategies/wp-includes/functions.php on line 6131Sid Yenamandra<\/a>\u00a0is no stranger to data complexities.<\/p>\n\n\n\n As the CEO and founder of Entreda, he\u2019s spent more than a decade focused on helping advisors and broker-dealers navigate what he calls the \u2018Wild West\u2019 of cybersecurity and compliance. But still, he believes, the wealth management industry is only scratching the surface of its data management problem.<\/p>\n\n\n\n On a recent Beacon Flash Podcast episode, Beacon Strategies\u2019 Managing Partner Chip Kispert sat down with Yenamandra for a conversation about cybersecurity, compliance and data management, as well as Yenamandra\u2019s latest entrepreneurial initiative, Surge Ventures, a new kind of venture platform built specifically to enable companies to test ideas more quickly, solve problems at an accelerated pace and ultimately get to market faster. When it comes to data management, Yenamandra explains, organizations are amassing data at an exponential, non-linear rate. And particularly for broker-dealers, whose offices have become more dispersed than ever as a result of the pandemic, managing ownership of and responsibility for all of that data has become even more challenging. Data organization, governance, privacy and compliance complications are plaguing the industry, and multiple stakeholders \u2013 advisors, broker-dealers, custodians, tech vendors, CRM players \u2013 only compound the problem by making it more difficult to visualize exactly how much data any one organization has.\u00a0<\/p>\n\n\n\n \u201cThe data problem is an octopus in my opinion,\u201d Yenamandra says.\u00a0<\/p>\n\n\n\n Solving it will require focusing on one facet at a time. One area he believes is ripe with opportunity is the permissioning of data ownership and data rights.<\/p>\n\n\n\n \u201cHow do you dole out ownership and manage the ownership of that data in an effective way, and how do you do that continuously as you\u2019re growing data at an exponential rate?\u201d<\/p>\n\n\n\n Every organization, he explains, is focused on more data. More data equals more insights equals better business decisions \u2013 but as more data is being amassed, they\u2019re losing sight of how it\u2019s being organized and governed.\u00a0<\/p>\n\n\n\n \u201cThat keeps me up at night,\u201d he says. \u201cBut I\u2019m also excited because I feel like it\u2019s an opportunity.\u201d Sid Yenamandra\u00a0is no stranger to data complexities. As the CEO and founder of Entreda, he\u2019s spent more than a decade focused on helping advisors and broker-dealers navigate what he calls the \u2018Wild West\u2019 of cybersecurity and compliance. But still, he believes, the wealth management industry is only scratching the surface of its data management problem. …<\/p>\n
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Overview
<\/strong>A Changing Industry (05:35)
Trends in the Wealth Management Space (17:15)
Data and Cybersecurity (22:14)<\/p>\n\n\n\n
Resources
<\/strong>Sid Yenamandra’s Linkedin<\/a>
Surge Ventures’ LinkedIn<\/a>
Chip Kispert’s LinkedIn<\/a>
Beacon Strategies’ Website<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"