S4 | Ep 24 | GenAI: From Use Case to Production in 8 weeks with Chris Bannocks, Group Chief Data Officer at QBE Insurance
In Episode 24, of Season 4, of Driven by Data: The Podcast, Kyle Winterbottom is joined by Chris Bannocks, Group Chief Data Officer at QBE Insurance, where they discuss how they are productionising GenAI use cases from scratch within 8 weeks, which includes;
- Being a CDAO/Group CDAO in multiple organisations/sectors
- The importance of international experience
- Being allergic to the term ‘data strategy’
- The impact that Gen AI will have on business
- Why GenAI/AI isn’t the solution to every problem
- Harnessing the value that GenAI can bring
- The top and bottom line opportunities of GenAI
- Why GenAI raises the stakes further for D&A teams
- The requirements of the semantic understanding of your data organization
- Going fast and hard on one opportunity to prove it could be done
- Using different mediums to gather 300 potential use cases
- Building things to be reusable and scalable
- Measuring the addressable opportunity
- Why they didn’t have to quantify the value before they got started
- Standing up a technical spike within 6 days to show what could possibly be done
- Having a 12 week deadline to get it done from a standing start with no capability
- How that capability has now reduced time to production to 8 weeks
- The collaboration needed with each leader from different business units
- The importance of creating a working product in production
- Why they avoided focusing on efficiency and focused on increasing revenue instead
- Avoiding enthusiastic experimentation
- Why tight deadlines helped to make decisions quickly and focus on scope/MVP
- Why you should never start a piece of work without input from business stakeholders
- The challenge of ethical and bias considerations
- How they tackled GenAI education across the organisation
- The importance of having a human in the loop
- Building a team that can deliver
- Top pieces of advice for anyone about to embark on this journey