Ep 31 | Why We Need a Data Taxonomy with Lynne Bailey, Chief Data Officer at KPMG
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 TaxonomyHow 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 thatThe cyclical resurgence of Data Management How to balance the foundational aspects alongside innovation The importance of how you articulate the significance of Data Governance