I guess we have to get over the fear to tap into the actual data stream. We—our regulatory frameworks and our government frameworks—still operate and work in a model that says, “Give us what you want, once you've had time to go through it and sort it out, and we'll have a look at it.”
There are opportunities now. Industry has moved way ahead of us in terms of processes. In many of our activities, the information is there and readily available. It's simply about establishing a framework where, instead of having a human interaction in the data process, we simply go and get the data directly.
One of the biggest sources of error in data is the human input. If you have a process whereby somebody puts together a report, types it onto a piece of paper, and sends it over to you as an email, and then you get it on your end and you get somebody to type it into your data system, you've just caused not only a massive delay but a disaster on the data, which is unnecessary. You could have had the same information they're collecting to make the report just fed into your machine. We now have the automated processes to handle that. They do these kinds of things much better than we do. We're just not quick enough and never will be.