Woori Financial launches data intelligence unit
Woori Financial Group has launched a new department dedicated to strengthening capabilities in data and artificial intelligence, hoping the new department will contribute to the group’s future growth and taking the lead in the data technology sector.
According to the financial giant on Thursday, a new department named Data Intelligence (DI) has been set up, aiming to pursue strategic development in areas of data and artificial intelligence (AI). The new department will focus on integrating, analyzing and utilizing AI and big data information, as it attempts to draw up the group’s strategic responses as well as business strategies in the state-of-theart tech areas. Employees familiar with businesses using data governance, big data integration business or AI-based marketing will be working in the department.
Woori Bank, the financial group’s key affiliate, has also launched its own Data Intelligence Agile Core Team (DI ACT). The bank’s DI ACT members also assume roles at the financial group’s DI department, so that both the financial group as well as the bank can simultaneously push ahead with the group’s key business plans related to data or AI technologies.
“The newly-created DI department will be a key component that handles the group’s data and AI businesses,” Woori Financial Group Chairman Son Tae-seung said. “It is expected that the department will further expand to take up more roles, ranging from medium and long-term strategic planning in data and AI businesses to trend and policy change analysis,” he added.