The hidden data layer enterprises can't afford to ignore

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When a regulator asks a simple question – “Who owns this entity?” – many large organizations still find it difficult to answer quickly.

That might seem surprising given the billions invested in AI, cybersecurity and cloud transformation. But one of the most critical layers of enterprise infrastructure remains underdeveloped: the data that defines a company’s legal structure, ownership and governance.

For multinational businesses, this detail can’t be an afterthought, it is core to their operations.

Most global organizations today operate through hundreds – sometimes thousands – of legal entities across dozens of jurisdictions. Each comes with its own reporting obligations, governance standards and regulatory requirements.

Yet the data that underpins these structures is often fragmented: spreadsheets in local offices, records held by external advisers and information spread across legal, finance and compliance systems.

Individually, these systems function but collectively, they rarely provide a clear or consistent view, and the result...

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