Day 1

Take a coffee or tea before the main sessions begin. Plus don’t forget to sign up for:
• The roundtable of your choice
• The workshop of your choice
• The drop in clinics taking place during the day
Spaces are limited and on a first come/first served basis

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Can you imagine your business without a Head of Marketing? How about getting rid of the Head of Sales? Do we really need a CFO? These questions sound crazy and unreasonable, and yet the Chief Data Officer still has to defend his/her right to exist. Why? What is stopping organisations from giving power to the person who keeps and looks after often the first or the second most valuable asset in any company? Financial institutions are not alone. Retail, chemicals, pharmaceuticals, logistics, transport companies are all working on recognising the role of data in their bottom lines. And it is taking
ages. A company's data has value. However, to date, data assets have not been shown directly on company books, although it is sometimes there as goodwill or is partially reflected
in the price of the stock. How, as a community, do we value our arguably most profitable commodity Data, and what is the point of having a Chief Data Officer? Attend this keynote panel to discover the views of leading CDOs. Take their feedback to your board of directors and, who knows, perhaps your business will change its approach to the value of data.

• Identifying the main challenges facing the CDO

• Is CDO following in the footsteps of CIO

• Why should CDO be on the board of every financial institution?

• Relating data maturity to the role and practical goals of the CDO

• Some argue that CDO is an impossible job with an impossible task – true or false?

• Looking into the future role of CDO and data in business

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Regulations as well as pressure to lower costs whilst being more transparent are forcing banks to look for new ideas and strategies. The concept of managed utility has finally gained momentum and many call it the new “disruptive” idea that will change the way we see and manage data in financial institutions. But will it really? Is managed utility truly bringing a new type of value or is it simply creating havoc? Financial institutions are exploring the managed utility model with great enthusiasm, but only time will show if it saves money or improve performance. Unfortunately, with time will also go huge investment and effort. Is it worth it? Should you stay with what you know or take advantage of new concepts and providers? How does it affect your current relationships and business models of your most trusted partners? Join this panel to get answers to these pressing questions:

• What is the true difference between managed utility and managed services models?

• Evaluating the business benefit of managed utility – is it really impacting your P&L the way it is supposed to?

• Estimating and managing the risk of the utility model – can the first mover advantage bring you benefit?

• Using utilities for regulatory compliance – panacea for all headaches?

• What are the main challenges for data vendors and how are they adapting to the new environment?

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Use this time to make new contacts, share thoughts about the sessions and visit exhibitors in the exhibit hall.

Mastering the journey to a data-driven organization: bridging the gap between data, people and technology

FIMA 2014 is introducing a series of new formats, including several sessions dedicated to learning from another industry. These sessions are designed to bring you the most interesting and innovative data management strategies from other industries. You will find insight from colleagues in the public service, transport, retail, charity and other sectors, who are often using data in different ways than banks and asset managers. These case studies will be prepared especially with the FIMA 2014 delegates in mind, only giving you the best and most useful information, analysis and tools. Bring colleagues to attend all sessions that run in parallel and you will get the 100% value from the agenda.

Mastering the journey to a data-driven organization: bridging the gap between data, people and technology

Sometimes businesses with retort: ”I don’t think my company can jump into this yet.” They then rattle off three reasons why their organization is not ready for Big Data. Today there is no excuse for the average enterprise to delay the journey of turning the wealth of information surrounding their business into additional profit.

The 3 myths about data are, and most organisations defend their inaction with the following:

Myth No. 1: We Don’t Have 'Big' Data, Only 'Small' Data. - Most enterprises have a data management problem. - While a typical enterprise data warehouse may be in the 10 to 50 terabyte range, the objection that “our organization only has small amounts of data, not petabytes” overlooks a few key points.

Myth No. 2: We Don’t Have the Big Budgets Required for Big Data. - But there is open source software that provides at least a 10x price performance improvement.

Myth No. 3: We Don’t Have the Data Scientists Required for Big Data. - You don’t need data scientists to start realizing substantial value.

Take an unnamed cable operator with annual operating expenses of roughly 500 million dollars to cover maintenance, repairs and overhaul of its cable network including the associated call centres. If a single data scientist is able to reduce these operating expenses by only one percentage point, the data scientist will have more than paid for themselves. Sounds interesting? If you would like to hear about the experiences of data management and data governance in the world of telecommunications, as well as find out the ideas and the vision behind the next big change in data, then this talk is not to be missed!

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After a day packed with sessions, take a moment to connect with your peers over a beer or a glass of wine at the FIMA drinks reception. Whilst the sessions are always informative and helpful, FIMA attendees often tell us that the value of networking in the informal gatherings is priceless.