Transforming Banking with Data, Analytics, and AI with Ranil Boteju, CDAO of Lloyds Banking Group
- S1E1
- 31:14
- November 19th 2024
In a world that seems to be changing every day, success no longer lies only in technical skills but also in a proactive mindset, genuine curiosity, and a commitment to learning.
Our guest this week, Ranil Boteju, has embodied these three attributes throughout his remarkable career. As the Chief Data and Analytics Officer (CDAO) at Lloyds Banking Group, Ranil is dedicated to leveraging data and AI to help Britain prosper.
In this episode of Data & AI Mastery, he sits down with host Raoul to discuss his senior leadership journey, data-driven transformation projects, and AI's growing potential in the banking industry.
Ranil walks us through his key responsibilities and challenges as CDAO and what it takes to navigate complex transformations in this high-level position.
He also outlines the strategy behind Lloyds’ major data transformation project, sharing key metrics and details of the bank’s approach to AI.
A strong advocate for democratising AI, Ranil is passionate about empowering not just specialists but everyone to understand and leverage AI’s potential.
The insights he shares in this episode are just one of the many ways he is committed to making AI accessible and impactful for all.
If you’re looking for guidance on how to create value with advanced analytics, data, and AI, there's no better mentor than Ranil. We highly recommend listening to this full episode for an inspiring conversation!
Chapters
[2:03] Key strategies for advancing to senior leadership roles
[7:38] Explaining the key responsibilities and challenges as CDAO at Lloyds Banking Group
[9:45] Sharing a typical week as CDAO at Lloyds
[12:57] Modernising the data estate at Lloyds and outlining the strategy behind the bank’s major data transformation project
[15:14] Discussing the main KPIs to track data transformation progress
[17:07] Discussing AI strategy and approach to AI focusing on scalability, coordination, and key areas of AI development
[20:00] Balancing innovation with ROI and AI implementation
[22:08] Navigating the “innovator’s dilemma” and balancing legacy with innovation
[24:49] Quickfire questions
[29:49] Key takeaways
Links
Data & AI Mastery
In the age of rapid technological change, how can you harness the power of data and AI to transform your business?
Welcome to Data & AI Mastery, the podcast where cutting-edge insights meet practical strategies for success.
Hosted by Dr. Raoul-Gabriel Urma, Founder of Cambridge Spark, this show dives deep into how leading organisations across the globe are using Data & AI to revolutionise operations, streamline efficiency, and drive innovation.
Each episode features conversations with senior leaders, revealing their career stories and real-world case studies, and actionable takeaways that you can apply—whether you're climbing the career ladder or already in the C-suite.
From AI-driven solutions to practical tips for navigating your data transformation journey, Data & AI Mastery will equip you with the tools to thrive in the AI era.
Stay ahead, stay inspired, and unlock your potential with Data & AI Mastery—your ultimate guide to mastering data and AI for business.