We’re flipping the script when it comes to helping our clients embrace data innovation within their organisations. To date, momentum behind data driven innovation has been technology led as software houses have the people, tech and methods to innovate at pace. For end consumers within financial firms, battling with complex legacy data landscapes, ‘innovation’ can become a hype bubble of buzz words, cool concepts and small-scale ‘pet projects’.
Innovation needs to be a business led journey, which starts with equipping business leaders from across the organisation with the fundamentals of a new tech or concept - be it Machine Learning, Knowledge Graphs or Semantic Technologies – to separate the hype from the reality and collectively identify the right business use cases.
Thought Lab brings together Capco’s domain experts and vendor networks to provide our clients with an interactive and immersive experience focused on bringing the right technologies to give financial services firms the capabilities that they need to solve problems or realise opportunities - with the right business sponsorship and paths to scale. Each Thought Lab is bespoke, designed and prepared in partnership with our clients in an immersive way to ensure innovative outcomes. Chris Probert and Julia Shreeve from Capco UK’s Data Practice reveal how Thought Lab can work for any firm in the video below.
Thought Lab was used to explore how Graph and Semantic technologies could shape and accelerate a large financial organisation’s strategic data management and analytical priorities.
Graph thinking was also applied as part of the preparation for the Thought Lab, to identify opportunities and challenges linked to data and data capabilities. This collated view was used during the Thought Lab to identify common themes and to generate proof of concept candidates.
On the day, Capco’s UK Data Practice explained the foundations of Graph technology, and with Capco data partners PoolParty and Grakn, brought this exciting data technology to life with practical examples and demos.