S4 | Ep 15 | Large Scale Transformation and The Measurement of Success with Niresh Rajah, Group Chief Data Officer at Danske Banke

Driven by Data: The Podcast

Feb 13 2024 • 46 mins

In Episode 15, of Season 4, of Driven by Data: The Podcast, Kyle Winterbottom is re-joined by Niresh Rajah, now the Group Chief Data Officer at Danske Banke, where they discuss building a Chief Data Office to support one of the largest digital transformations in financial services across Europe, which includes;

  • Forward 28: the 5-year strategy to be a digitally orientated, customer-first, sustainable organisation
  • Being hired to create a data-driven environment to support one of the largest FS digital transformations in Europe
  • Constructing ‘Data-Driven Danske’ and the 4 components of focus
  • The 5 layers of the ‘Data-Driven Danske’ layer cake
  • Demonstrating value from a multi-billion investment
  • The key instigator as to why the investment has been made
  • Aligning Forward 28 and Data-Driven Danske
  • Building the 8 capabilities that make up a Chief Data Office
  • Battling defence and offence as a large FS organisation
  • Why faith and trust only go so far
  • The 4 metrics to measure that change is happening
  • Using transition states to move towards the end-goal
  • Having executives who see the value of data as being fundamental to their customers
  • The challenge of prioritising the best use cases due to so much demand
  • The reality of driving change in a large legacy organisation despite the appetite to do so
  • Fighting the war for talent to build a forward-think chief data office
  • Delivering quick wins despite having the trust of the executive leadership team
  • Top-Down, Bottom-Up and the Messy Middle
  • Developing an engagement and communication approach
  • The importance of having a talent strategy to build a world-class D&A capability
  • Building a co-sponsored cross-skilling programme
  • Predictive AI v Generative AI

Thanks to our sponsor, Data Literacy Academy.

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