CBUAE's event explores strategic role of data in central banking

The Central Bank of the UAE (CBUAE) has hosted Central Bank Data Leaders and Professionals Conference in Abu Dhabi, under the theme "DataThe Solid Foundation of Central Bank Operations in Times of Uncertainty".

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The conference welcomed senior officials from the CBUAE and over 35 other central banks and international financial institutions across the globe to explore the strategic role of data in central banking.

The event aimed to foster dialogue and the exchange of expertise among nations, leverage global best practices to keep pace with digital and economic transformations, and enhance the readiness of central banks to meet future requirement.

The conference featured a series of discussions highlighting the importance of data-driven innovation in strengthening monetary and financial oversight, as well as opportunities for international cooperation to enhance central bank operations amid the times of uncertainty.

In-depth sessions explored the evolving data landscape and the role of artificial intelligence (Al), analysing the mutual impact between Al and data management, how data governance enables Al development, and Al's influence on data structures.

Discussions also covered strategic visions for data operating models, the architecture of data management and analytics, and the importance of tying data investments and change management to tangible business outcomes. The conference further highlighted success stories and key lessons learned from practical implementations.