S5 | Ep 15 | Research on the Dark Side of Data; When Risks Outweigh Benefits with Heather Wade, Data Transformation Director at Johnson Matthey

In Episode 15, of Season 5 of Driven by Data: The Podcast, Kyle Winterbottom is joined by Heather Wade, Data Transformation Director at Johnson Matthey, where they discuss research findings that attempt to understand what happens when risks outweigh benefits, which includes;

• Learnings from taking all the best bits from consumer data into a different industry
• The reason for undertaking a DBA
• Why there’s so much research written about the benefits of data but very little about the risks
• Understanding the different types of risks your organisation faces
• Delivering a piece of research about how firms tackle data related risks
• Why there’s much more risk than the traditional cyber or privacy risks
• Focusing on qualitative research as opposed to quantitative
• How the research uncovered the differences in the CDO/Data Leader role
• Whether the CDO tenure forces us to focus on value and benefits as opposed to risk
• Discussing the risks of inaction as opposed to selling benefits
• How the people and culture element of teams pose a large threat
• The lack of difference between regulated versus unregulated industries
• How firms should approach the balance between benefits and risk
• Measuring potential risks
• Why the biggest risks could be the lack of clarity around what a data function exists to do
• Managing grey areas of risk (like sustainability)

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