Establishing an effective data culture
AA: One thing you touched on earlier is the importance of an organization having the right data culture. In your opinion, what does an effective data culture look like, and, more importantly, how do you actually establish one?
MR: Establishing a strong data culture can be a daunting task. However, regulated entities tend to have good data cultures due to accountability and standards they need to meet to comply with regulations. It would be great to see every industry adopt this level of accountability. Some governmental bodies, such as the EU, have already set examples that we can learn from. To achieve this, a regulatory framework needs to be in place to guide organizations on what good data culture looks like.
Leaders play a crucial role in shaping culture by modeling good behavior and setting high standards.
In fact, culture can be defined as the worst behavior a leader allows in their organization.
This underscores the importance...