Global data integration and management company Informatica and its partner in Turkey, Komtaş, held the Information-Centric Organizations summit on April 29 in Istanbul.

Komtaş General Manager Yüksel Çomak pointed out the increasing volume of data produced, and said that companies who prefer data-oriented decisions will benefit in the future. Çomak also stressed the importance of data speed management to cope with this increasing volume.

Çomak said that their data governance solutions help companies to interpret huge amounts of data into correct, consistent and meaningful data which can be understood by every level of decision making of a company. Companies use too much time to collect their data, Çomak added.

Çomak also emphasized the benefits of cloud technology that help companies to safely store data without being obliged to establish servers. Data-rich sectors like banking, insurance and retail cannot use cloud services the way that their American or European competitors do, Çomak stressed, and the legal framework is behind the technologic developments of the sector.

Informatica's Southern Europe Vice President Emilio Valdes emphasized the existance of a legal framework for data sharing between companies in the European Union and between the EU and the U.S. "Companies in Turkey should also be in a position to share data among each other bound to a legal framework" Valdes said.

In a single flight from Madrid to Istanbul, one terabyte of data is produced, Valdes said, which is later used in various sectors for efficiency, or security. The same principle should also be applied to other sectors, Valdes argued, noting that Turkish companies should switch to a data-oriented approach rather than a practice oriented approach. Valdes also added they have big expectations from the Turkish market, noting their recent opening of a branch in Istanbul.