Real Luck Group Brngs New Head of Data to Revamp Busness ntellgence

Data leader and air controller. Gary Bar must know. He is an expert in experienced data, a senior manager, a 3 0-year veteran who has succeeded in changing data and technology in the financial service division, and is now a legal and generous invitation. As part of a wide and continuous change in management (LGIM), he is conducting, promoting, and executing data first operational environments. We recently spent time with the bar for financial services and the extensive business programs that his colleagues conducted in LGIM in the past two years. Before that, about the air control officer ...

"If there is no data leader, imagine what chaos it will be." This is the reality of all companies that seek the relevance of data and digital, and the modern reality for data leaders. Data leader. Is the basis of organizational management, supporting the optimization of data assets in business and securing safe handling, promoting and retracting new technologies and data standards, and leading to operations and distribution to operations, technologies, reporting, and compliance. Until, it has played a role in adjusting the activities of various departments.

"Especially the construction of a cros s-organized partnership is extremely important in creating value in a stakeholder. It is a backbone of success as a data leader, collaboration, people leadership, success, and the whole management team. It is built on the ability to promote adjustment. " < SPAN> Data leader and aviation control officer. Gary Bar must know. He is an expert in experienced data, a senior manager, a 3 0-year veteran who has succeeded in changing data and technology in the financial service division, and is now a legal and generous invitation. As part of a wide and continuous change in management (LGIM), he is conducting, promoting, and executing data first operational environments. We recently spent time with the bar for financial services and the extensive business programs that his colleagues conducted in LGIM in the past two years. Before that, about the air control officer ...

Data, technology and financial services

"If there is no data leader, imagine what chaos it will be." This is the reality of all companies that seek the relevance of data and digital, and the modern reality for data leaders. Data leader. Is the basis of organizational management, supporting the optimization of data assets in business and securing safe handling, promoting and retracting new technologies and data standards, and leading to operations and distribution to operations, technologies, reporting, and compliance. Until, it has played a role in adjusting the activities of various departments.

"Especially the construction of a cros s-organized partnership is extremely important in creating value in a stakeholder. It is a backbone of success as a data leader, collaboration, people leadership, success, and the whole management team. It is built on the ability to promote adjustment. " Data leader and air controller. Gary Bar must know. He is an expert in experienced data, a senior manager, a 3 0-year veteran who has succeeded in changing data and technology in the financial service division, and is now a legal and generous invitation. As part of a wide and continuous change in management (LGIM), he is conducting, promoting, and executing data first operational environments. We recently spent time with the bar for financial services and the extensive business programs that his colleagues conducted in LGIM in the past two years. Before that, about the air control officer ...

"If there is no data leader, imagine what chaos it will be." This is the reality of all companies that seek the relevance of data and digital, and the modern reality for data leaders. Data leader. Is the basis of organizational management, supporting the optimization of data assets in business and securing safe handling, promoting and retracting new technologies and data standards, and leading to operations and distribution to operations, technologies, reporting, and compliance. Until, it has played a role in adjusting the activities of various departments.

Transformation at LGIM

"Especially the construction of a cros s-organized partnership is extremely important in creating value in a stakeholder. It is a backbone of success as a data leader, collaboration, people leadership, success, and the whole management team. It is built on the ability to promote adjustment. "

The bar has witnessed this evolution. While working for a major financial service company for over 30 years, he has changed the role of data, analytics, and other technologies, responding to the growing volatility of the market, and greatly gained from its introduction. I have witnessed it. "Over the past decade, my duties have emphasized data and analytics." By investing in data and data technology progress, Improvement of transparency and speeding up process execution. We were able to extract more insights to customers and eventually provide more value to investors and shareholders.

"I think the last 30 years have been typical of the three basic development stages. The first stage is a technolog y-led one, focusing on tools and data warehouses, and the data is" problem "in technology. I was strong. The second stage is based on the regulatory environment, and all things that are included under the flag of data governance, depending on the new standards and policies related to data (knowing customers, reporting to regulatory authorities, money laundering and security, The focus has been considerably transferred to the information privacy. Recently, more cultural evolution has been increasing, increasing interest in human resources, skills, data fluent, and how data is part of the work of all people.

"In each stage, the maturity and awareness are improved, but the opportunity to optimize the value of data in this field is still huge and complicated, and there are issues. "It is necessary to utilize learning at important stages in the evolution of data, perform a deeply linked method to customers and shareholders' interests, and at the same time focus on the value we have. We collect them. < SPAN> Bar has witnessed the

The bar joined LGIM in early 2021. LGIM is a global asset management company of Legal & General Group, and through investment strategies that cover a wide range of asset classes and styles, such as stocks, bonds, real estate, alternative, and mult i-asset funds, savings and retired people around the world. It operates £ 12 billion on behalf of institutional investors. LGIM is dedicated to creating a better future through responsible investment. LGIM has realized this through a powerful partnership with customers, a close cooperation to achieve positive and lon g-term results, and a business development to respond to rapidly changing world issues. This approach is essential for continuous innovation and industry expertise.

Bar is a chief data officer, along with Chief Technology Officer Derrick Hothie, is closely linked to the Chief Operating Officer Brenda Skler LGIM Global Chief Operating Office. 。 This office is in charge of the management of technology, data, customer service, operations, and strategic operation agendas, which also includes larg e-scale transformation of strategic target operation models (STOM). STOM is a transformation program aimed at modernizing LGIM, enabling growth, and introducing more scalable and seamless services. The core is to introduce common tools and processes and enhance available technology, tools, and data so that employees can demonstrate their expertise and creativity in a more innovative way. It is.

"There is no time when data is so popular as a topic."

People, change and democratisation

Legal & General Investment Management, Global Chief Data Officer, Gary Bar

"My role is to build, promote, and promote data first work environments. When I joined the company, I was already on the strategic transformational path, but I have deepened the importance of data. There was no collective vision about what the success was from the viewpoint of data, and Derrick and I worked closely, creating a shared vision and mission. We have started to clearly show the business.

"The necessary steps were clear from the beginning." It was necessary to build a compan y-wide data operating model that did not exist at that time, and in parallel with the ongoing existing strategic transformation. I needed a powerful vision of how to execute and launch these features.

"It is the core of our vision to believe in the power of the data and to access users directly to available information and insights. For that, for all stakeholders. It is necessary to fundamentally think about what kind of experience you will have, and how you are trying to change the way of thinking and what the results are. We also need the ability to incorporate it into business, and focus on the strategic transformation. I started helping. "

"In each stage, the maturity and awareness are improved, but the opportunity to optimize the value of data in this field is still huge and complicated, and there are issues. "It is necessary to utilize learning at important stages in the evolution of data, perform a deeply linked method to customers and shareholders' interests, and at the same time focus on the value we have. We collect them. < SPAN> Bar has witnessed the

"Leaving the legacy esthetics and using the function of the state street Alpha platform," As part of its strategic change, we are outsourcing a part of the data management function on the streets. You have to determine how the state street provides information in the right way in the right way.

"We must build a data fabric so that all data received from the state street (other partners in the data ecosystem) can be properly managed within our real estate. It is necessary to lead to customer reports and performance analysis, reporting to regulatory authorities, expansion of data science, and more digital ambitions.

"My role is to formulate a consistent data vision of LGIM, provide funds, and implement it.

Regal & General Investment Management, Global Chief Data Officer, Gary Bar

The key is the key. Through STOM, LGIM has made employees more innovative, more creative expertise, and enable customers to provide the highest quality services to customers. Technology and data are indispensable for this process. Regarding the latter, bars and teams have focused on democratizing data throughout the organization. "The fundamental problem of centralization is to gather all the skills and knowledge related to business in one place, but the data is an irregular asset owned by business. From the beginning, we have focused on examining ways to penetrate data management throughout the organization under the appropriate governance.

"Most of our visions are to build a platform and operation model with democratization at the core," the bar. "In terms of the platform, the appropriate data is provided to appropriate people and machinery at the right time, and insights and information can be used in a new meaningful way, which has already been made great progress. Value creation is created by injecting i n-business skills and talents to reconsider how to work with available data. Whether you are a fund manager, a sales executive, or who is in the organization, you will need it to know how to use it. "

Data and future opportunities

As is the case with any important transformation program, technology is just one element. In this example, human resources, collaboration, and appropriate organizational culture are also important in order to achieve the effective democratization of data and promote the value creation of the entire business. Mr. Bar introduces the "lead from the center" approach that introduces new innovative use of data, the construction of a practical community to spread the changing mode into the entire business, the creation of digital user groups and advisory boards, etc. Introducing some Initiative that promoted this aspect. < SPAN> The key is the key. Through STOM, LGIM has made employees more innovative, more creative expertise, and enable customers to provide the highest quality services to customers. Technology and data are indispensable for this process. Regarding the latter, bars and teams have focused on democratizing data throughout the organization. "The fundamental problem of centralization is to gather all the skills and knowledge related to business in one place, but the data is an irregular asset owned by business. From the beginning, we have focused on examining ways to penetrate data management throughout the organization under the appropriate governance.

"Most of our visions are to build a platform and operation model with democratization at the core," the bar. "In terms of the platform, the appropriate data is provided to appropriate people and machinery at the right time, and insights and information can be used in a new meaningful way, which has already been made great progress. Value creation is created by injecting i n-business skills and talents to reconsider how to work with available data. Whether you are a fund manager, a sales executive, or who is in the organization, you will need it to know how to use it. "

As is the case with any important transformation program, technology is just one element. In this example, human resources, collaboration, and appropriate organizational culture are also important in order to achieve the effective democratization of data and promote the value creation of the entire business. Mr. Bar introduces the "lead from the center" approach that introduces new innovative use of data, the construction of a practical community to spread the changing mode into the entire business, the creation of digital user groups and advisory boards, etc. Introducing some Initiative that promoted this aspect. The key is the key. Through STOM, LGIM has made employees more innovative, more creative expertise, and enable customers to provide the highest quality services to customers. Technology and data are indispensable for this process. Regarding the latter, bars and teams have focused on democratizing data throughout the organization. "The fundamental problem of centralization is to gather all the skills and knowledge related to business in one place, but the data is an irregular asset owned by business. From the beginning, we have focused on examining ways to penetrate data management throughout the organization under the appropriate governance.

"In each stage, the maturity and awareness are improved, but the opportunity to optimize the value of data in this field is still huge and complicated, and there are issues. "It is necessary to utilize learning at important stages in the evolution of data, perform a deeply linked method to customers and shareholders' interests, and at the same time focus on the value we have. We collect them. < SPAN> Bar has witnessed the

As is the case with any important transformation program, technology is just one element. In this example, human resources, collaboration, and appropriate organizational culture are also important in order to achieve the effective democratization of data and promote the value creation of the entire business. Mr. Bar introduces the "lead from the center" approach that introduces new innovative use of data, the construction of a practical community to spread the changing mode into the entire business, the creation of digital user groups and advisory boards, etc. Introducing some Initiative that promoted this aspect.

Continuing the theme of impactful collaboration, working closely with partner organizations is central to realizing the strategy, says Barr. "We are honored to work with several partner organizations. In addition to State Street Alpha, we are working with Cloudera to deploy CDP to unlock the value of data anywhere and help our user community understand how to build value from Cloudera's data visualization and machine learning capabilities. We are also working with Domino Data Lab to help build and drive faster model generation in investments using their best-of-breed platform. We also work with many other third parties. Their collective expertise and commitment to projects is what powers our democratized ecosystem.

This collaborative approach is essential to long-term success, says Barr, especially in the relationship between data, technology and business. "My approach is always realistic and practical. "Technology choices are driven by the CTO. 's purview and role, but at the same time, these decisions must be based on a clear set of requirements, including elements of data design. My partnership with my colleagues and peers helps ensure that technology partners make the right choices to realize these requirements. Once in action, it's fundamental that data and technology teams work together as one.

"Collaborating with the business is different. "When engaging with stakeholders, storytelling is key, making the case for why they should be excited about data and getting out of the subject matter by connecting it to tangible outcomes that they care about. As a data leader, this kind of effective storytelling is about being able to translate your area of ​​expertise into a practical, actionable vision for senior stakeholders in the business. "Without their support, any data program will struggle.

What is business analytics?

LGIM has built a data marketplace that can exchange relevant data in a no n-friction manner, in order to bring out the maximum value from data in the company and in the industry. Bar explains. "LGIM raises a lot of data from the market and creates and manages a large amount of its own information assets. This exchange is virtually on e-stop shop for consumers and quickly find necessary information. Because, it can be explored and extracted, so you can focus on value creation.

"The Data Market Place Approach brings us a wide range of efficient benefits," says the bar. "We only build one architecture and one operating model, and can create one standard set, centered on it. All data flows from producers to consumers. We are trying to remove the friction of legacy in the operation model as much as possible. "

"The core of our vision is that I believe in the power of the data and make it possible for users to access users directly to available information and insights.

Gerry Bar, Regal & General Investment Management, Global Chief Data Officer The data transformation work by the bar and his team and the extensive STOM transformation in LGIM have made significant changes and a lot of interests in just two years. In particular, the expansion of data use and utilization have brought great opportunities to the entire business, including various fields such as the economic, society, governance (ESG) strategy and responsible investment. Say. The core mission of LGIM, a member of legal and generals, is an inclusive capitalism (comprehensive capitalism), that is, a better society, improves customer lives, and the benefits of economic growth into as many people as possible. It is based on the concepts centered on investments and business activities with a purpose. < SPAN> LGIM has a data marketplace where both information producers and consumers can exchange related data in a no n-friction manner, in order to bring out the maximum value of the company and in the industry. Mr. Bar explains that he built it. "LGIM raises a lot of data from the market and creates and manages a large amount of its own information assets. This exchange is virtually on e-stop shop for consumers and quickly find necessary information. Because, it can be explored and extracted, so you can focus on value creation.

"The Data Market Place Approach brings us a wide range of efficient benefits," says the bar. "We only build one architecture and one operating model, and can create one standard set, centered on it. All data flows from producers to consumers. We are trying to remove the friction of legacy in the operation model as much as possible. "

"The core of our vision is that I believe in the power of the data and make it possible for users to access users directly to available information and insights.

Gerry Bar, Regal & General Investment Management, Global Chief Data Officer

Data Analytics Certificate

The data transformation work by the bar and his team and the extensive STOM transformation in LGIM have made significant changes and a lot of interests in just two years. In particular, the expansion of data use and utilization have brought great opportunities to the entire business, including various fields such as the economic, society, governance (ESG) strategy and responsible investment. Say. The core mission of LGIM, a member of legal and generals, is an inclusive capitalism (comprehensive capitalism), that is, a better society, improves customer lives, and the benefits of economic growth into as many people as possible. It is based on the concepts centered on investments and business activities with a purpose. LGIM has built a data marketplace that can exchange relevant data in a no n-friction manner, in order to bring out the maximum value from data in the company and in the industry. Bar explains. "LGIM raises a lot of data from the market and creates and manages a large amount of its own information assets. This exchange is virtually on e-stop shop for consumers and quickly find necessary information. Because, it can be explored and extracted, so you can focus on value creation.

"The Data Market Place Approach brings us a wide range of efficient benefits," says the bar. "We only build one architecture and one operating model, and can create one standard set, centered on it. All data flows from producers to consumers. We are trying to remove the friction of legacy in the operation model as much as possible. "

"The core of our vision is that I believe in the power of the data and make it possible for users to access users directly to available information and insights.

Gerry Bar, Regal & General Investment Management, Global Chief Data Officer

What is business analytics?

The data transformation work by the bar and his team and the extensive STOM transformation in LGIM have made significant changes and a lot of interests in just two years. In particular, the expansion of data use and utilization have brought great opportunities to the entire business, including various fields such as the economic, society, governance (ESG) strategy and responsible investment. Say. The core mission of LGIM, a member of legal and generals, is an inclusive capitalism (comprehensive capitalism), that is, a better society, improves customer lives, and the benefits of economic growth into as many people as possible. It is based on the concepts centered on investments and business activities with a purpose.

“The relationship between data integrity and availability and the integrity of investment decisions is crucial. “Our data journey gets to the heart of why we invest the way we do. Our approach to ESG is fundamentally about ensuring that we are investing responsibly for our collective future. Strong, comprehensive and high-quality information on the companies and products we invest in is essential to that and it’s a really great example of why data is so important to an organization. For LGIM, when we talk about ESG, our credit, our net zero target and other commitments we make, they are fully underpinned by the data we collect and leverage.”

Transformation of this scale is ongoing, especially with the pace and volatility of change in the financial services market showing no signs of slowing. For Barr and his team, flexibility and the ability to stay focused on the evolving goals of the broader business remains crucial. "A lot of this has been possible only because of the partnerships and collaborations we have had with our key partners and stakeholders, our executive team and our colleagues across the business. But the pace of transformation will continue to accelerate, meaning we have the opportunity to explore new technologies like AI and machine learning to gain even deeper insights into how the market operates and drive efficiencies across the business.

"In this role, you have to embrace ambiguity. I'm often asked, 'What is the typical job description of a CDO?' And honestly, there is no such thing. You have to be aligned with the business strategy, the evolution of the company culture and the changes in the market. With this in mind, there are enormous opportunities ahead of us, but also a lot of risk in our work, so our work must be balanced between delivering short-term value and investing in significant opportunities for the future. The forces transforming our industry have never been greater, and I'm honored to share and help steer our journey through the lens of data. Data has never been more pervasive as a topic.

Preston Fore is a staff writer at Fortune Recommends, covering the intersection of education, business, technology and beyond. He studied journalism and global studies at the University of North Carolina at Chapel Hill. He has written for The Daily Tar Heel and CNN.

Jasmine Suarez Senior Editor, Education

What skills do you need for business analytics?

Jasmine Suarez is a senior editor at Fortune Recommends, hired to launch the department in 2022. Prior to joining Fortune, she was a senior editor at Business Insider, covering various areas of the personal finance team. In the past, she has worked at Red Ventures, Adweek, McGraw-Hill, and Pearson.

• Business analytics is the glue that connects data and business.
• Getty Images
• Big business decisions are made every day at companies, large and small.

It's also common knowledge that the best big decisions are the ones that have evidence to back them up in the form of data. But how does data go from raw information like surveys and click-through rates to being part of decisions that sometimes change the world? Business analytics is the way to do it.

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The importance of data-driven decision-making is nothing new. Ten years ago, Deloitte noted in a 2013 survey that a focus on big data and analytics would be the "new normal" to sustain growth. "Companies must focus on evolving their analytics maturity in addition to developing capabilities centered around rapid experimentation and trial and error. Remaining agile is essential to keep up with this 'new normal,'" it said.	With hundreds of thousands of people calling themselves business analysts today (not to mention the existence of an international organization, IIBA, dedicated to the field), an important question remains: What exactly is business analytics?
According to Anindiya Gohus, who is in charge of the Master of Science Program for Business Analytics at the New York University Stern School of Business, the business analytics is the simplest word, in terms of data and analytics, making decisio n-making. The process to be promoted or its ability. Stern school is the home of the ninth MBA program in the Fortune magazine ranking.	Business analytics is an field that is constantly evolving with the development of technology. Dural decades ago, business analytics was more simpler in the typical business tech territory. Information was stored in the spreadsheet, the trend was identified using the basic formula, and the data was visualized to the team of the decision.
But today, business analytics exist everywhere, including hig h-tech, healthcare, education, retail, and media.	"It's a bit of a thing for everyone when thinking about business analytics," says Devanshe Meherotra, a generous advanced general assembly curriculum developer and chief lecturer.

Business analytics is a technology that translates data.

"Data is being democratized, and there is the idea that a specific organization should own data and take responsibility for the data.

The exact skills required to be active in business analytics may vary depending on the industry, company, and experience level, but there are the following important foundations:

• Domain expertise: Business foundation and related industries
• Technical kno w-how: Programming, data analysis, data visualization

Storytelling: Convert data trends into business needs

How can you learn business analytics?

The last point was that both Mehrotra and GHOSE emphasized that good business analysts were separated from other fields.

Furthermore, as Mehrotra pointed out, the knowledge of both hig h-code and low code tools is an important technical aspect of this job:

Data ability

Skill

extraction

SQL, Power Query Editor, Excel

Analysis

Python, R, Alteryx, Knime