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 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