From information to wisdom: The power of data

It is time for advisers to harness the data at their fingertips, says Mark Loosmore

clock • 3 min read

The ‘Attitude to risk' assessment illustrates how the possibilities of data can become a fundamental component of an adviser's business model, argues Mark Loosmore

Data sits at the very core of financial services. After all, financial products are, in reality, built on data while financial advice comes from interpreting various data items provided by the client. It is perhaps no surprise then that someone like me, who has had a fascination for statistics since my early school years, has ended up working in financial services. Numerous reports and research, including a recent collaboration between the World Economic Forum and Deloitte, have highlighted data as a key driver of innovation across the many facets of the financial services industry. Yet,...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Timeline unveils AI assistant for advisers

Timeline unveils AI assistant for advisers

Launches Pennee and adds third-party DFMs to platform

Isabel Baxter
clock 14 May 2026 • 2 min read
HMRC signs £175m ten-year AI and sovereign data deal

HMRC signs £175m ten-year AI and sovereign data deal

Quantexa selected by HMRC

Jenna Brown
clock 14 May 2026 • 2 min read
How not to fall for the AI plausibility trap

How not to fall for the AI plausibility trap

'Trust in financial advice takes years to build. It has never been easier to put at risk'

Tadhg Buckley
clock 07 May 2026 • 3 min read