Data literacy is a key enabler of the value and impact from data. How are you approaching this within your organisation?
A key personal objective for me this year was the challenge of boosting the data and numeracy skills of every Capital One employee: I believe this is essential to building highly effective, diverse teams. Central to this goal was closely aligning with our CEO to harness her sponsorship and passion.
Rather than relying on existing data science career pathways, we have encouraged a new internal scheme to make data roles available to talented individuals from across the business, regardless of their background, gender, or qualifications. This removes the barriers to progression, particularly those which disproportionately impact certain socio-economic groups.
The centrepiece of our wider initiative is offering level three data literacy apprenticeships to over 50 employees. This required a large degree of influence with all leadership team members to get their buy-in. We partnered with Multiverse to ensure high quality learning and support and launched in September with apprentices from all 13 departments in the UK organisation; from legal to marketing, operations to risk.
Additionally, we organise lunch-and-learn sessions of key data topics such as an introduction to statistics, Excel basics, and credit card economics. These sessions are taught by in-house experts and are available to everyone.
This broader push on skills has seen more employees aware of the key data we capture about our customers, and on our business performance. This has led to better quality decision making and a more diverse set of opinions.