In this episode of The Tech Trek, Amir Bormand sits down with Scott Peachey, Director of Data Governance and Oversight at Bread Financial, to explore the evolving world of data enablement. Together, they unpack how rebranding data governance can shift perceptions, make data accessible across organizations, and foster a culture of collaboration.

Scott shares his insights on tackling the challenges of data literacy, meeting business stakeholders where they are, and the importance of tailoring governance approaches to align with organizational goals. The conversation also delves into the intersection of advanced technologies like generative AI and governance, examining how businesses can adopt AI strategically without blindly following trends.

Key Takeaways

Data Enablement Redefined: Rebranding "data governance" to "data enablement" highlights its role in empowering organizations to use data effectively, not just managing compliance.

Meeting Stakeholders Where They Are: Effective data governance requires understanding the unique needs of each business line and tailoring solutions to fit their objectives.

Shifting Left: Engaging governance professionals early in the decision-making process helps prevent costly, reactive fixes and ensures alignment with business goals.

AI: A Hammer Searching for a Nail?: Many companies adopt AI without clear goals, risking wasted resources. Scott advocates for purposeful, strategic AI integration.

Governance as a Value Driver: Data governance should go beyond risk mitigation, enabling other teams to focus on their core work while maintaining efficiency and compliance.

Timestamped Highlights

[00:01:00] What is Data Enablement? Redefining governance for a modern era.

[00:03:00] Origins of Governance: From Enron to privacy-driven modern policies.

[00:06:00] Data Literacy Challenges: Bridging the gap with tailored governance approaches.

[00:08:52] Adapting Governance for Business Needs: Customizing solutions for different teams.

[00:11:00] The Future of Data Governance: Moving from reactive to proactive.

[00:21:41] AI Governance and Ethics: Why "keeping up with the Joneses" is not enough.

[00:27:00] Is AI Investment Worth It? Balancing ROI with ethical considerations.

Notable Quote

"Data governance professionals enable other data professionals to focus on their craft. Governance isn't about saying 'no'; it's about building the right framework to help businesses thrive."– Scott Peachey

Resources and Follow-Up

Connect with Scott Peachey on LinkedIn

Check out his podcast: Data with Peachey

Follow him on social media: Twitter/Instagram @TheScottPeachey

Join the Conversation

If you enjoyed this episode, subscribe to The Tech Trek, leave a review, and share your thoughts on how data governance impacts your organization.