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