Digital Asset Management: New Opportunities from High Dimensional Data—A New Zealand Perspective

As a testing ground for technology, the New Zealand microcosm is a stand out. In an age where many industries are vulnerable to disruptive innovation, a sustainable, integrated and entrepreneurial vision of digitally enabled asset management is vital. New Zealand is like a bridge between maturing Western economies and emerging Asian markets; with environmental values, a culture of sustainability and kaitiakitanga (stewardship), innovations that thrive in the diverse New Zealand paradigm are worth emulating. In our connected world, 5G and the internet of things are poised to explode the volume, velocity and variety of data. Survival may depend on an organisation’s ability to action knowledge from noisy, high dimensional data using machine learning. This is not as easy as it sounds; many challenges and barriers exist. This research proposes that by studying the emerging digital asset management trends in an educated and tech-savvy nation such as New Zealand, a clearer vision of how to allocate scarce resources can result. New value and exhilaration within organisations can be created so as to realise a myriad of sustainable opportunities.