VIDEO | Bank of Canada Corporate Services and Data MD: I Am Always Learning New Things

(US and Canada) Julie Champagne, Managing Director of Corporate Services and Data at Bank of Canada, speaks with Robert Lutton, Sandhill Consultants Vice President, in a video interview about the functions of the Bank of Canada, her background, and leveraging data-driven innovation for improving the quality of life.

Canadians' economic and financial well-being is a crucial focus for the Bank of Canada, according to Champagne. She says empowering business and driving digitalization requires the right culture and a talented and diverse team with people from varied backgrounds.

With a background in risk management, audits, and financial analysis, Champagne brings a strategic business perspective to the role. She notes that it has been a steep learning curve, and she is always learning new things.

She emphasizes that data has great power when used intentionally, purposefully, and appropriately by the Bank of Canada. In addition, Champagne points out that the organization uses a variety of data sources and techniques — such as satellite imagery data — to better understand drought and flooding patterns across Canada, which significantly impact several economic sectors and citizens' quality of life.

Additionally, she explains how to apply alternative sources, such as traditional macroeconomic data and statistics, to better understand the economy, financial system, underlying dynamics, and problems.

She concludes by revealing that the Bank of Canada uses data lakes and visualization tools to improve the quality of life of Canadians.

CDO Magazine appreciates Julie Champagne for sharing her insights and data success stories with our global community.