DNB & Infosys on challenges faced by the Financial Service Industry
DNB & Infosys on challenges faced by the Financial Service Industry
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45 is now in the final leg of a three-year DNB data transformation agenda and I feel that we are well positioned as a front runner when it comes to data and advanced analytics .” Millar says . “ My role as CDAO is focused on communicating the art of the possible and the need to inject more ‘ I ’ into IT solutions – going digital to the core . That means understanding your data assets , and how data flows through digital business processes .” While strategies and detailed plans are important , Millar reiterates the importance of starting with promoting a ‘ Data Culture ’; changing how people think and act towards data .
Data is a challenging and formidable topic . “ It is easy to underestimate the amount of communication that ’ s required to inform people on ‘ the why ’ when it comes to data and analytics .” It ’ s a challenge Millar likens to a musical orchestra . “ You can make the analogy of the CDAO being a conductor , a Data Maestro . When you first arrive , the organisation ( the orchestra ) is playing out of sync ! There ’ s a lot of people doing what they think is right , it is a cacophony of un-orchestrated silo
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