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Driven by Data: The Podcast

Ep 31 | Why We Need a Data Taxonomy with Lynne Bailey, Chief Data Officer at KPMG

Apr 20, 2021
45:27

In Episode 31 of Driven by Data: The Podcast, Kyle Winterbottom is joined by Lynne Bailey, Chief Data Officer at KPMG, where they discuss why the industry needs a taxonomy, which includes:

  • Why we can’t assume that just because we are talking about the same word, that you mean the same thing
  • Why we need a Data Taxonomy
  • How she is going about building one and where to start
  • The typical terms that are often confused
  • How to validate definitions across the organisation
  • The need for segmentation within Data Literacy
  • The benefits of building a taxonomy
  • Why we still require some optionality
  • The need for an industry culture that creates acceptance around not knowing what these terms mean
  • Could our industry thought-leaders help to create standards around terminology and definitions?
  • The relationship between Data Mapping and Data Literacy and Data Culture
  • How AI/ML should be the ambition for all organisations but not many are ready for that
  • The cyclical resurgence of Data Management
  • How to balance the foundational aspects alongside innovation 
  • The importance of how you articulate the significance of Data Governance

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