Ensuring "information security" and "data privacy" As previously mentioned, one of the motivations for applying AI and big data analytics to financial services is the potential benefits obtained through effective and efficient use of data associated with financial activities. This implies that information security and data privacy would be even more critical in providing financial services.
Focusing on the latter, it is evident that, unlike some earlier periods of energy price declines, Trinidad and Tobago entered this latest episode a few years ago with substantial buffers: these included high international reserves by any standard, substantial deposits in a sovereign wealth fund (Heritage and Stabilization Fund) and meaningful fiscal space due to a relatively low level of debt.