S1:E4 - Unveiling the Realities of Data with Ed Peel from Data3

podcast

15 Aug

Season 1 | Episode 4 - Nigel Price (Host) | Ende Ismail (Guest) Cyber Security Engineer | Ed Peel (Special Guest) from Data3

Digital Discovery Podcast - S1:E4

Our guest for this episode is none other than Ed Peel, the Co-Founder of Data3. Working with clients globally, Ed's insights into the digital world are nothing short of profound. His company doesn’t just manage data; they unravel its mysteries.

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Welcome back to Episode 4 of the Digital Discovery Podcast. In today's episode, we dive deep into the labyrinth of data governance, protection, and security with special guest Ed Peel, the Co-Founder of Data Cubed, and our returning cybersecurity expert, Ende Ismail.

Unraveling the Mystery of Data Origins

A common misconception most businesses have is that they know where every byte of their data comes from. You'd think, in a digital age with numerous tools and softwares at our disposal, tracing data would be elementary. But you'd be surprised. Ed's firm, Data Cubed, often embarks on data discovery missions for global clients and, more often than not, they uncover revelations regarding the origin of data that leave businesses astounded.

Governance & Protection: The Need of the Hour

With cyber threats looming large and data breaches making headlines, Ed delves into the importance of a robust data governance structure. He emphasises the vital role of data protection, especially for first-party data. Interestingly, many businesses come to Data3 with confidence in their data protection strategy. However, upon being benchmarked by Ed's firm, they often find their confidence misplaced and scramble for damage control.

The Future of Data: Analytics or Reports?

Products like Tableau have revolutionised the way businesses approach data. But the real question remains – are we looking for analytics or just reports? As Ed points out, understanding the insights is more crucial than the aesthetics of the reports. AI is nudging the way we interact with data. But is it the future? And if so, how will it influence decision-making for business owners?

The Peril of Inaccurate Data Sources

A pivotal topic we discussed was the potential havoc incorrect data can wreak. In the fast-paced world of business, decisions are made at the drop of a hat. But are they always well-informed? Ed and Ende shed light on how even minor inaccuracies in data sources can lead businesses down the wrong path. It's not just about having data; it's about understanding the caveats and nuances that come with it.

Business Analysts vs. Business Owners: Who's At The Helm?

The data landscape has evolved. With it, so have the roles of business analysts and business owners. As AI and other technologies come into play, the dynamic between these two key players is shifting. Will business owners rely more on AI or will business analysts become the gatekeepers of accurate, actionable insights?

Wrapping Up

Data, in many ways, is the backbone of modern businesses. Its governance, protection, and understanding are pivotal. This episode with Ed Peel and Ende Ismail serves as a stark reminder that while the digital age offers boundless opportunities, it also brings with it intricate challenges. Businesses must not only stay ahead of the curve but also ensure they're making well-informed decisions.

Join us again for the next episode as we continue to explore the ever-evolving digital landscape.