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DAMA-Chicago 2025 Q1 Meeting
February 19 @ 9:00 am – 12:00 pm
Join us for our first quarter chapter meeting presented in a hybrid in-person and live-streamed format.
The event explores the critical role of data governance in the insurance and wealth & asset management industries, addressing common challenges and outlining effective solutions.
In insurance, the key problems include data silos, poor data quality, compliance issues, and the lack of advanced analytics capabilities. These challenges lead to inefficiency, profitability issues, and delays in innovation. This topic highlights how insurers have tackled these problems through data standardization, centralized data repositories, and the use of advanced technologies like AI and machine learning. The impact of these solutions includes better risk management, operational transformation, and cost savings, resulting in more agile and customer-centric operations.
In wealth and asset management, issues such as data duplication, regulatory non-compliance, and slow data processing hinder client trust and operational efficiency. This topic will discuss items such as data consolidation, automated compliance tracking, and real-time data processing, which improve decision-making, enhance client satisfaction, and ensure stronger regulatory compliance. The benefits of these measures include increased operational speed, improved client retention, and a more responsive approach to market dynamics.
By being part of this event, you will gain insights into how data governance can drive operational efficiency, improve compliance, foster innovation, and enhance customer experience across both industries. These strategies not only mitigate risks but also contribute to sustained growth and competitiveness.
SPEAKERS:
Sanket Das leads the Distribution & Data Management practice in insurance at EY (Ernst & Young). Sanket spearheads initiatives that enable insurance carriers to achieve their data & sales performance management goals. His role involves leading a team of skilled Insurance business and technology experts, all dedicated to addressing both current and future challenges faced by the industry. His team at EY focuses beyond distribution management to encompass key areas such as Actuarial, AI & Data Management, Retirement Solutions, and Policy Administration. Sanket’s background in Actuarial Science provides him with unique insights into the complexities of the insurance landscape, enabling him to deliver technology-driven transformations that align with business objectives. Sanket is committed to fostering long-lasting relationships within the industry and he is passionate about driving innovation and efficiency through strategic leadership and expert guidance. As a member of the Board of Directors at NAIFA Chicagoland, his contributions to enhancing the agent experience have been especially impactful. He is also an active member of several other industry bodies like IEEE (Senior Member) and Forbes Business Development Council where he frequently shares his insights on key insurance topics.
Aparna Krishna Bhatt is an esteemed technology professional with a global reputation in software development, data, AI, and digital platforms for Next-Generation customer experiences in the IT and financial services sectors. She is currently working as a Senior Analyst with EY (Ernst & Young) USA, in their Financial Services’ Wealth and Asset Management practice, where she has made significant contributions that positively impact end-users with meaningful innovation. Aparna holds a master’s degree in computer science specializing in Artificial Intelligence and Databases. With a keen focus on leveraging cutting-edge AI and machine learning methodologies, she drives insightful analysis and informs strategic decisions. Her efforts are dedicated to addressing risk mitigation, digital transformation and prevention of financial crimes. Aparna is an IEEE Senior grade member, Asia-Pacific Artificial Intelligence Association (AAIA) Senior member. Recognized as a thought leader, Aparna has demonstrated her expertise through numerous publications and by winning many industry awards.