About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Legal & General Data Scientist Details How to Drive Insight, Value and Disruption out of Data

Subscribe to our newsletter

Delivering data driven disruption, innovation and business transformation across a large organisation containing numerous businesses is no mean feat, but it can be done by creating a data strategy and story that appeals to each business and taking an enabling rather than dictatorial approach.

Just five months into his role as director, group data sciences, at Legal & General, Peter Jackson is making an impact. He says: “I was brought in to drive insight, value and disruption out of data. Legal & General has been an organisation since 1836, most challenger banks have been around just five years. We are in a different world, so how do we compete?”.

The answer is through data driven transformation based on data strategy and a story that appeals to 80-100% of each business. Jackson acknowledges the need to deliver value quickly to keep everybody listening and has already created a database for its clients based on old mainframes.

He has also moved data out of a Hadoop and Cloudera environment into the Amazon Web Services (AWS) cloud, where applications are being applied to the data. Jackson comments: “Having done that, we can see more value, we can start to use machine learning for predictive analytics, and we can share data.” Despite these gains, there is no end game. Jackson concludes: “We have to develop data capability that can cope with data we don’t know about yet. There will be another disruptor in four years’ time – we don’t know what it is, but we will need to be ready to compete.”

Find out more about Peter Jackson’s approach to data driven business transformation at Legal & General at next week’s A-Team Group Data Management Summit in London.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Modern Data Platforms Empower Critical Use Cases: Webinar Preview

No longer is it enough for financial institutions to be simply “on top” of their data management architecture. They need to be constantly looking for the next innovation to keep them ahead of the game in this fast-moving space. That’s why modern data management platforms are the focus of so many organisations at the moment....

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Evaluated Pricing

Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate...