Nationwide's Jim Tyo on Data Governance Best Practices

Joining Cindi today is Jim Tyo, CDO at investment management firm Invesco, and the former CDO at Nationwide, where he was responsible for overall strategic vision, planning, execution, and management of all activities related to the operation of the Enterprise Data Office (EDO).

On this episode, Jim and Cindi discuss best practices and the evolution of data governance and information quality over the past decade, taking the 'digital twin' approach from the world of manufacturing and applying it to the world of data, the ethical nuances of navigating privacy laws and nontraditional inputs for complete datasets without introducing undue biases, advice for people aspiring to pursue a career in data, and much more.  

Key Takeaways:

• Strategies Jim has leveraged to properly balance data governance and information quality (for which his team has won awards), and how the conversation around data governance has changed during his decade in the field.
• How the concept of the digital twin transitioned from the world of manufacturing to the world of data, and how organizations can use it to get an even more complete picture of their organization.
• How Nationwide created an internal data marketplace for people to more easily find all the data available within the company.
• The ethical considerations of navigating privacy laws and using nontraditional data inputs like fitness wearable devices and social media to ensure fair coverage without bias.
• Why good teamwork is critical in analytics, a world where nobody knows everything. 

About Jim

Jim Tyo is CDO at investment management firm Invesco, and the former CDO at Nationwide, where he was responsible for overall strategic vision, planning, execution, and management of all activities related to the operation of the Enterprise Data Office (EDO).

With more than a decade under his belt as a senior executive in the data field, Jim has envisioned, championed, and built data analytics organizations, processes, and technologies from concept to design in implementation and through execution. His vision has created significant culture changes while shifting information delivery methodologies — including innovative agile execution approaches — ensuring appropriate controls and governance focused on a data-driven experience and empowering business outcomes.

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The Data Chief is brought to you by ThoughtSpot. For more on how the most successful data leaders are driving value in their organizations, join Cindi and the ThoughtSpot team at Beyond 2020, the leading data & analytics event of the year. Go to www.thoughtspot.com/beyond2020 for more information.

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For full show notes and more, go to thedatachief.com.

Hear more from Cindi Howson here. Sponsored by ThoughtSpot.