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: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Snowflake Retools Cortex to Offer FSI Tailored AI Capabilities

Snowflake’s Cortex AI features has been enriched to provide financial services companies with agentic artificial intelligence capabilities honed to their specific needs, the first of a planned suite of editions focused on individual industries. Cortex AI for Financial Services will feature all the functionality of the platform’s Cortex features but will offer clients large language models that...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Institutional Digital Assets Handbook 2024

Despite the setback of the FTX collapse, institutional interest in digital assets has grown markedly in the past 12 months, with firms of all sizes now acknowledging participation in some form. While as recently as a year ago, institutional trading firms were taking a cautious stance toward their use, the acceptance of tokenisation, stablecoins, and...