Financial Services Data Collective Roundtables
Wednesday 28th June 2023
Key Themes
Enhancing culture and talent to put people first in your data journey
While tools and technology are pivotal for effective data use, organisations can not be truly data-driven unless they put people at the heart of their data strategy. With increasing challenges attracting, nurturing, and retaining talent, organisations must focus on driving consistent communication and engaging teams companywide to create, scale and sustain teams that incorporate the right blend of skills to thrive in the digital age. To transform strategies companywide, organisations must address data literacy, reconsider hiring practises and set their teams up for success.
Realising benefits from emerging technologies
Emerging technologies such as artificial intelligence, machine learning and blockchain present both challenges and opportunities for data. While these technologies have the potential to enhance the ability to collect, analyse, and utilise data in ways that were previously impossible, they also pose significant challenges in terms of data security, privacy, and ethical considerations. As more data is generated and processed, it becomes increasingly important to ensure that it is used in a responsible and transparent manner, with appropriate safeguards in place to protect privacy and prevent misuse.
Keeping up to date with regulatory requirements
While data leaders must prioritise governance to ensure the responsible use of data, with regulations constantly evolving it can be a challenge to remain up-to-date and compliant. Implementing effective governance frameworks requires significant investment in resources and balancing the need for data privacy and security with the demand for innovation and growth can be a delicate task. Data leaders must navigate this balancing act to ensure compliance doesn’t lead to a conservative approach to data management and decision-making, limiting the potential benefits of analytics and insights.
Expert Speakers Include:
