Leveraging Data as an Asset

Jane Smith • March 24, 2025

In today’s digital economy, data has emerged as a pivotal asset, driving innovation, efficiency, and competitive advantage. Recognising this, recent regulatory developments have formally acknowledged data as a critical business asset. Prompting organisations to reassess their strategies and governance frameworks.  

Data as a Formalised Asset: A Paradigm Shift 

Traditionally, data was viewed as a byproduct of business operations, often underutilised and undervalued. However, the exponential growth of digital technologies and the information economy has transformed data into a core asset, essential for decision-making and strategic planning. Recognising this shift, regulatory bodies have begun to formalise data’s status as an asset. Leading to significant changes in how organisations manage and leverage information.​ 

For instance, the U.S. Consumer Financial Protection Bureau (CFPB) proposed new regulations in December 2024 to limit the sale of personal information by data brokers. These rules aim to protect consumers by ensuring that companies handling personal financial data adhere to credit reporting laws, thereby acknowledging the intrinsic value and sensitivity of data. ​ Reuters  

Implications for Business Strategy 

The formal recognition of data as an asset necessitates a strategic overhaul for many organisations. Key considerations include:​ 


  • Enhanced Data Governance: Companies must implement robust data governance frameworks to ensure data quality, accuracy, and compliance. This involves establishing clear policies and procedures for data management, aligning with regulatory requirements, and mitigating risks associated with data mishandling. ​ 
  • Strategic Partnerships: Leveraging data can unlock new business opportunities through strategic collaborations. By analysing customer behaviour and preferences, businesses can identify potential partnerships that enhance customer experiences and drive growth. For example, insights into consumer purchasing patterns can lead to innovative product offerings and cross-industry alliances. ​vox.com 

Role of Data Leaders in Navigating the New Landscape 

As data becomes central to business strategy, the role of senior data leaders has evolved to encompass broader responsibilities:​ 


  • Advocacy and Education: Data leaders must champion the importance of data as a strategic asset within the organisation. Fostering a culture that values data-driven decision-making and continuous learning.​ 
  • Compliance and Ethics: Ensuring adherence to evolving regulations requires data leaders to stay abreast of legal developments and implement ethical data practices. This includes safeguarding consumer privacy and maintaining transparency in data usage.​ 
  • Innovation Facilitation: By harnessing data analytics and emerging technologies, data leaders can drive innovation, optimise operations, and enhance customer engagement, thereby contributing to the organisation's competitive edge.​ 

Summary 

The formalisation of data as an asset marks a significant milestone in the digital era, compelling businesses to rethink their strategies and operational models. For data leaders, this evolution presents both challenges and opportunities to steer their organisations toward a data-centric future. Where informed decision-making and strategic agility are paramount.

Unlock the full potential of your data! Implement robust governance, foster strategic partnerships, and stay ahead in the digital economy. Start leveraging data as your most valuable asset today, simply  send me an email  or reach me on LinkedIn at  Jane Smith.

By Christa Swain December 3, 2025
Executive Summary: AI, Ethics, and Human-Centred Design Our recent Leaders Advisory Board event - designed in partnership with Corndel - featured three engaging sessions that explored how AI impacts human cognition, customer experience, and fairness. Here's what we learnt: 1. Think or Sink – Are We Using AI to Enhance or Reduce Cognitive Ability? Speaker: Rosanne Werner , CEO at XcelerateIQ & ex Transformation Lead at Coca-Cola Roseanne opened the day with an interactive and thought-provoking session, firmly positioning AI: “AI should be your sparring partner, not your substitute for thinking.” Her research revealed a striking insight: 83% of people using LLMs couldn’t recall what they wrote, compared to just 11% using traditional search . The message? It’s not about avoiding AI, but using it in ways that strengthen thinking , not outsource it. Roseanne explained how our brains form engrams - memory footprints that enable creativity and critical thinking. Over-reliance on AI risks weakening these pathways, reducing retention and problem-solving ability. She introduced the Mind Over Machine Toolkit , six strategies to use AI as a thinking partner: Provide Context First – Frame the problem before asking AI. Use AI as a Challenger – Stress-test ideas and uncover blind spots. Iterative Co-Creation – Collaborate, refine, and evaluate. Document Your Thinking – Keep reasoning visible. Reflective Prompts – Support reflection, not replace judgment. Sparring Partner – Test assumptions and explore risks. Roseanne summed it up with a simple rule: use Sink for low-value, repetitive tasks, and Think for strategic, creative decisions. 2. Designing Chatbots with Human-Centred AI Speaker: Sarah Schlobohm , Fractional Chief AI Officer Sarah brought a practical perspective, drawing on experience implementing AI across sectors - from banking and cybersecurity to rail innovation. She began with a relatable question: “Who’s been frustrated by a chatbot recently?” Almost every hand went up. Through a real-world example (redacted out of politeness), Sarah illustrated how chatbots can fail when designed with the wrong priorities. The chatbot optimised for deflection and containment , but lacked escape routes , sentiment detection, and escalation paths - turning a simple purchase into a multi-day ordeal. “Don’t measure success by how well the chatbot performs for the bot—measure it by how well it performs for the human.” Sarah introduced principles for better chatbot design: Human-Centred Design – Focus on user needs and emotional impact. Systems Thinking – Consider the entire process, not just chatbot metrics. Escalation Triggers – Negative sentiment, repeated failures, high-value intents. Context Awareness – Detect when a task moves from routine to complex and route accordingly. The takeaway? Automation should remove friction from the whole system - not push it onto the customer. 3. Responsible AI and Bias in Large Language Models Speaker: Sarah Wyer , Professional Development Expert in AI Ethics at Corndel “When we create AI, we embed our values within it.” She shared her journey tackling gender bias in large language models , from GPT-2 through to GPT-5, and highlighted why responsible AI matters. AI systems reflect human choices - what data we use, how we define success, and who decides what is fair. Real-world examples brought this to life: facial recognition systems failing to recognise darker skin tones, credit decisions disadvantaging women, and risk assessment tools perpetuating racial bias. Even today, LinkedIn engagement patterns show gender bias! Sarah made the point that simple actions - like testing prompts such as “Women can…” or “Men can…” - can reveal hidden disparities and spark vital conversations. To address these issues, Sarah introduced the D.R.I.F.T framework , a practical guide for organisations: D – Diversity : Build diverse teams to challenge bias. R – Representative Data : Ensure datasets reflect all user groups. I – Independent/Internal Audit : Test outputs regularly. F – Freedom : Create a culture where employees can challenge AI decisions. T – Transparency : Share processes without exposing proprietary code. Wrapping up the final session - before we opened the floor to panel questions and debate - Sarah created the opportunity to discuss how we address AI bias within our organisations by stepping through the DRIFT framework. Shared Themes Across All Sessions AI is powerful, but context matters . Human oversight and ethical design are critical . Use AI to augment thinking , not replace it. Measure success by human outcomes , not just automation metrics. We've had such great feedback from this event series - especially around the quality of speakers and the opportunity to have meaningful conversation and debate outside of functions. Definitely more in the events plan for 2026! If you'd like to be part of the conversation please navigate to our LAB events page to register your interest .
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