&RQHOERFDDEDMRVREUHXQDVXSHUILFLHVXDYH
XQWHSHJDPHQWRXQLIRUPHPHQWHHQORVFXDWURRULILFLRVSDUD
ODVSDWDVHQODSDUWHLQIHULRUGHODVLHQWRHLQVHUWHHOSDUGH
SDWDVFRQHOWUDYHVDxRODUJRGHODQWHUR&HQORVGRVRULIL
FLRVGHODQWHURV/RVWUDYHVDxRVGHEHQTXHGDUHQHOIUHQWH\
SDUWHSRVWHULRUGHODVLOOD\HOH[WUHPRGHODVSDWDVTXHVH
LQVHUWHHQHODVLHQWRHVHOPiVUHWLUDGRGHORVWUDYHVDxRV
5HSLWD SDUD HO RWUR SDU GH SDWDV FRQ HO WUDYHVDxR FRUWR
WUDVHUR.9HDOD)LJXUD
3URFHGD LQPHGLDWDPHQWH DO SDVR 12 6( '(7(1*$
$48,
127$
/DH[WHQVLyQPiVODUJDGHOEDODQFLQGHEHTXHGDU
KDFLDODSDUWHSRVWHULRUGHODVLOOD
8QWHSHJDPHQWRHQORVRULILFLRVGHORVEDODQFLQHV$3DUD
FRORFDUORVEDODQFLQHVHQODVSDWDVSULPHURFRORTXHODSDWD
IURQWDO GHQWUR GHO RULILFLR IURQWDO GHO EDODQFLQ \ OXHJR OD
SDWDWUDVHUDGHQWURGHORULILFLRWUDVHUR'HEHKDEHUXQSRFR
GHMXHJRGHPDQHUDTXHVLORVRULILFLRVQRHVWiQDOLQHDGRV
FRPSOHWDPHQWH VH GHEH SRGHU HPSXMDU OD SDWD WUDVHUD
OLJHUDPHQWHKDFLDHOIUHQWH9DOD)LJXUD
$WRUQLOOH XQ WRUQLOOR QHJUR GH FDEH]D WURQFRFyQLFD
[3DWUDYpVGHFDGDSXQWDWRUQHDGDGHODVSDWDV\
GHQWURGHODVLHQWRRWURWRUQLOORDWUDYpVGHFDGDWUDYHVDxR
\GHQWURGHODVSDWDV/RVWRUQLOORVVHGHEHQLQVHUWDQDXQ
iQJXORWDOTXHQRDWUDYLHVHQDORWURODGRGHODVLHQWRRODV
SDWDV9HDOD)LJXUD
&RQODVLOODVREUHVXODGR\XWLOL]DQGRXQPDUWLOORLQVHUWHHO
FODYRGHFDEH]DSHUGLGD2DWUDYpVGHOERUGHLQWHULRUGH
FDGDEDODQFtQ\GHQWURGHODVSXQWDVWRUQHDGDVGHODVSDWDV
9HDOD)LJXUDD
)LJ±)URQW/HJV 3DWDVGHODQWHUDV
%DFN/HJV 3DWDVWUDVHUDV
8QWHXQDFDSDGHOJDGDGHSHJDPHQWRHQORVRULILFLRVGHODV
SDWDV % ,QVHUWH HO WUDYHVDxR ODUJR GHODQWHUR & \ HO
WUDYHVDxRFRUWRWUDVHUR.DXQSDUGHSDWDVWDOFRPRVH
PXHVWUDHQOD)LJXUD
3URFHGD LQPHGLDWDPHQWH DO SDVR 12 6( '(7(1*$
$48,
3$5$$50$5/$63$7$6</2675$9(6$f26
3$5$,167$/$5/$63$7$6$/$6,(172
3$5$,167$/$5/26%$/$1&,1(6
3$5$),-$5/$63$7$6</26%$/$1&,1(6
8QWHSHJDPHQWRXQLIRUPHPHQWHHQORVFXDWURRULILFLRVTXH
WLHQHHODVLHQWRSDUDODVHVSLJDVGHORVEUD]RV,QVHUWHODV
HVSLJDVGHORVEUD]RV'HQORVRULILFLRVDVHJXUiQGRVHTXH
ORVUHERUGHVGHWRUQHDGRTXHGHQHQFRQWDFWRFRQHODVLHQWR
$SOLTXHXQDFDSDGHOJDGDGHSHJDPHQWRHQORVRULILFLRVGH
ORV EUD]RV L]TXLHUGR \ GHUHFKR ( \ ) OXHJR LQVHUWH ODV
HVSLJDVHQORVEUD]RV$PERVEUD]RVGHEHQTXHGDUMXVWRV
FRQWUD ORV VRSRUWHV GHO UHVSDOGR $O KDGHU HVWR WHQJD
FXLGDGR SDUD QR DUDxDU ORV VRSRUWHV GHO UHVSDOGR FRQ ORV
EUD]RV
,QVHUWHWRUQLOORVGHODWyQGHFDEH]DWURQFRFyQLFD[
1DWUDYpVGHORVRULILFLRVGHORVVRSRUWHVGHOUHVSDOGR\
GHQWURGHORVEUD]RV\DSULHWHILUPHPHQWH9HDOD)LJXUD
3$5$,167$/$5/26%5$=26
3DUDLQVHUWDUFRQHOiQJXORFRUUHFWRODFDEH]DGHOWRUQLOOR
GHEHHVWDUDDSUR[LPDGDPHQWHGHODVXSHUILFLHPiV
FHUFDQDDOFRPHQ]DUDDWRUQLOODU
3DJH63²:D²
:D6LOOD0HFHGRUD3DUD1LxRD
