Management of internal datasets is resource intensive and, depending on the level of the relationship and communication between fund and investor, inconsistencies may arise in the data across firms.

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He also made clear to MSPs that the resource to capital expenditure transfers were "internal provisions within the portfolio budgets" and did not mean taking money away from one portfolio and spending it on another.

BBC: Finance Committee Budget debate 2

If Japan had regained its internal energy--say, through remarkable technologies in resource recovery and efficiency, beyond the celebrated hybrid auto engines--the world's number two economy could be zigging while so many others are zagging.

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The need to transform the business model will lead CMOs to break internal walls and collaborate closely with the chief information officer and the chief technology officer as data becomes the most important resource.

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