Client successes
Data Strategy Definition for top tier pensions and insurance business
IP&I BRAND COVERAGE
100%
the challenge
An insurance, pensions and investments division of a leading bank had a significant audit concern due in the main part to a lack of Data Strategy linked to divisional Business Strategy and Group Data Strategy.
Concerns were raised over proliferation of data, lack of control and governance, inconsistent tooling, and a lack of overall people capability.
Dufrain were asked to quickly review existing strategy and design a new strategy that would meet audit requirements and set a future data direction for the business.
the solution
Dufrain’s approach covered multiple workstreams;
Analyse
- existing strategy
- core business processes
- People capability
- Technology landscape
Design
- People, process and technology
- Focus on control and governance
- Alignment to group strategy
- Building people capability
- Adoption of automation and AI
the outcome
Within the project timelines and budget we successfully defined an updated IP&I data strategy that not only met client expectations and gave them a roadmap to progress against, but the closeure of all associated audit actions and a material reduction in risk.
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Victoria Whittaker
Head of Business Development