The Power of Data: Unveiling Strategies for Monetization and Security 

The Power of Data: Unveiling Strategies for Monetization and Security 

This late-February Executive Lunch from the Board of Trade brought together industry leaders to delve into the profound realm of data, seeking to unlock its vast potential while navigating the intricate web of regulations and security protocols.  

Spearheaded by Sarah Senyo, Deals Transformation Principal at PwC, and John Sikaitis, Senior Vice President of Data & Technology at CBRE, the event illuminated the path towards harnessing data’s transformative power in an era defined by artificial intelligence and cybersecurity. 

With technology propelling data creation to unprecedented heights, an astonishing 90% of the world’s data assets have materialized within the last 24 months. Yet, despite this exponential surge, a staggering 96% of individuals worldwide remain ensconced in a state of data illiteracy, relying primarily on archaic tools like Excel spreadsheets for interaction. 

Amidst engaging discussions, participants at the executive lunch grappled with the pivotal question of where to commence their data odyssey. At the crux of the dialogue lay multifaceted concerns, ranging from data breaches to privacy encroachments and the specter of liability entwined with AI utilization. The integrity of data and the essence of capturing pertinent data points emerged as paramount considerations, underpinning the overarching goal for effective data utilization. 

Sarah Senyo, providing wisdom on the subject that she’s honed through her work at PwC, advocated for embarking on a profound introspection into one’s data journey. “What is your data journey?” she posited, igniting a spark of introspection among the attendees. With the potential to leverage and monetize data looming large, Senyo emphasized the imperative of taking stock of one’s data inventory. Furthermore, she shared that there are virtues of harnessing internal skill sets of employees and forging strategic partnerships to amplify the impact of data initiatives. 

Echoing Senyo’s sentiment, John Sikaitis at CBRE unveiled two groundbreaking AI solutions poised to revolutionize the data landscape. The first, Introhive’s Customer Intelligence Platform, stands as a beacon of innovation, automating the capture and enrichment of client data while unlocking profound insights into organizational networks and activities. Sikaitis also lauded Thoughtspot, a pioneering platform empowering organization to navigate the labyrinth of data with unparalleled ease. 

The Takeaway: Embrace the data revolution, seize the reins of innovation, and chart a course towards a future where data is not merely a commodity but a catalyst for transformative change. In the ever-evolving landscape of technology, the power of data beckons, ready to be harnessed by those bold enough to venture into its depths. 

To learn more about how your organization can be involved in our technology initiatives, reach out to [email protected]  

Insights from the Table is a membership-driven series of takeaways from our Executive Lunches, where local and regional leaders help inform the Board of Trade’s thinking and shape the work we do in a rapidly evolving environment. These conversations help surface the practical challenges, emerging priorities, and regional opportunities that matter most to Greater Washington’s future. 

How our policy team and partners are making an impact in the Greater Washington region

Our policy team and policy partners have helped our members address critical issues in various legislative and advocacy forums. This includes G.S. Proctor & Associates in Maryland, McGuireWoods Consulting in Virginia, and Holland & Knight and Georgetown Public Affairs in Washington D.C. With the Greater Washington region being so vast, our policy partners allow us to get more work done across the region, especially as 2024 legislative sessions have continued in Annapolis and Richmond.

In Maryland, focused attention was given to transportation and workforce development matters. Testimonies were presented supporting legislative measures such as HB0198, which is part of the Metro Funding Act, aimed at enhancing funding for the Metro system facing a funding gap that could impact transit services across the region. Additionally, our team and partners have helped the Board of Trade voice our endorsement components of the Growing Apprenticeships in Public Safety Act, recognizing the imperative of apprenticeships in bolstering public safety initiatives.

Simultaneously, in Virginia, the Board of Trade has also been engaging legislators about the funding of WMATA in the region. Discourse has also centered on the pivotal role of data centers in the state’s economic landscape. The Board of Trade has emphasized the importance of supporting and nurturing this industry through oral testimonies, citing its contribution to economic growth and innovation.

Meanwhile, in Washington, D.C., the Board of Trade actively advocated for the passage of the Secure DC Omnibus, emphasizing the urgent need for comprehensive measures to address escalating crime rates. Additionally, a compelling op-ed authored by our President & CEO, Jack McDougle, published in the Washington Business Journal, delineated actionable steps to tackle public safety challenges within the district.

Across these jurisdictions, our policy team and partners demonstrated unified commitment to advancing legislative agendas and addressing pressing concerns on behalf of the Board of Trade’s membership, underscoring the importance of collaborative advocacy efforts in effecting positive change.

The Board of Trade is looking forward to this March, where we can engage appointed and elected officials at our 104th Mid-Winter Dinner, presented by PNC Bank. This black-tie event at the Washington National Cathedral gathers 600 key leaders from across the region, including state attorneys general, state cabinet secretaries, DC Mayor Muriel Bowser, DC councilmembers, officials from Maryland and Virginia, university presidents, and other business leaders.

Board of Trade honors Jermaine Johnson at Annual Chair’s Dinner

Each year, the Board of Trade celebrates our recent past-chair in an evening of reflection, stories, and laughter with board colleagues, coworkers, family, and friends. We had the pleasure of holding our Annual Chair’s Dinner honoring 2023 Board Chair Jermaine Johnson, Regional President, Greater Washington & Virginia at PNC, on Jan. 23 at the Hay Adams Hotel.   

The intimate gathering provided a moment of reflection as we dive into 2024, offering heartfelt gratitude to Jermaine for his exceptional leadership, unwavering integrity, and tireless dedication to our organization. His invaluable contributions have been instrumental in achieving our goals and advancing the mission of supporting the region’s business community. 

Board members Steve Proctor (2024 Board Chair), Tony Pierce, Tim Gillis, Courtney Spaeth, and our president Jack McDougle shared their personal experiences with Jermaine during his term as Chair and celebrated the ongoing work of the Board of Trade. Poised as a compassionate problem solver, Jermaine’s legacy will be stamped on the Board of Trade’s progress in addressing critical issues such as Metro funding, public safety, downtown revitalization, and overall regional growth.

“Jermaine has been a steady presence within our organization’s leadership for years and has served during some of the most challenging times we’ve faced as a region and business community,” said Jack McDougle. “I am very proud of this organization and where we are today. Thank you, Jermaine, for your leadership and your friendship. The Board of Trade is as strong now as it has been in decades.” 

Tim Gillis highlighted Jermaine’s character as “So humble. So genuine. So real. So effective.” capturing in just a few thoughtful words Jermaine’s impact on the community.

Click here for more photos from our Annual Chair’s Dinner

Jermaine thanked his children and wife, Rae Ann, for joining this celebration and joked he wished his senior executive team had been in attendance to hear some of these accolades! He closed out the evening, sharing his pride in the organization and its role in our community, and promised continued commitment to building a better region for all. 

“The Board of Trade has always been a conduit of institutions, and it has truly been an honor for me to serve as an officer of this organization for the last five years,” said Jermaine. “Our executive committee should be applauded for their work supporting all the great things we did in 2023.”

Jermaine, your exceptional leadership and genuine authenticity have made this past year remarkable. As you join the Board of Trade’s Senior Council, your wisdom and mentorship will continue to be invaluable. Your dedication, alongside that of our fellow board members, is instrumental in supporting the Greater Washington business community.

Mayor Bowser addresses regional business leaders through engaging conversation on important issues facing Washington DC

The Greater Washington Board of Trade’s Regional Policy Leadership Series (RPLS) brought Washington DC Mayor Muriel Bowser together with the region’s business community for an intimate in-person conversation in the heart of the Central Business District to discuss regional issues. Mayor Bowser’s discussion bridged regional transportation, public safety, regulation of new disruptive technologies, downtown revitalization, and what can be done to better the District’s business environment as the post-pandemic economy continues to evolve.  

The conversation was presented in sponsorship by Holland & Knight and was held at the Downtown DC office of the multinational law firm located on 17th Street NW. It set the perfect backdrop for the important conversation Mayor Bowser had with the discussion’s moderator Janene D. Jackson, Partner at Holland & Knight’s DC office.  

The event began with remarks from Nina Albert, DC’s Deputy Mayor for Planning and Economic Development, who addressed the audience on some of the key pillars to revitalization of the Central Business District. She also discussed the next steps in creating a continued high growth economy, promoting cultural experiences that make DC unique, and creating more affordable housing, ahead of Mayor Bowser’s discussion.  

Mayor Bowser didn’t waste time diving into issues vital to the region’s business community, including the future of Metro funding from the District (engaging on the WMATA budget deficit impacting regional transportation) and newly introduced crime legislation which takes major strides toward providing law enforcement with the tools that they need to combat the epidemic of crime facing the region (including major public safety concerns in the Central Business District). On the latter of which, she expressed concerns regarding the defunding of the DC Police force by the federal government that has impacted the District’s public safety, reducing the standing force by 300 officers.

Mayor Bowser’s discussion also covered technological investments that will better position the region’s workforce to contend with competitor cities nationally and internationally. Federal dollars to extend broadband and internet connectivity in the District have helped tremendously to expand and upgrade infrastructure.  She spoke specifically about the Internet Essentials Partnership Program and how this public-private partnership with internet service providers like Comcast has connected families and small businesses in underserved District communities to broadband internet. The mayor shared that “while everyone can connect to the internet, not everyone can afford to connect,” and it’s partnerships like these that elevate our region. 

Mayor Bowser briefly covered the effort to try and keep the region’s professional sports teams in the District, including her hopes of retaining the Wizards and Capitals, whose parent company, Monumental Sports, recently released plans of moving the teams to a new entertainment district in Northern Virginia’s Potomac Yard. The mayor has worked with DC Council to approve a $500 million arena refurbishment funding package.  

Conversation then turned to wooing the Commanders back to a new stadium in the District at the site of the old RFK Stadium in Northeast DC, a 10-year long campaign thus far with the federal government, which owns the site. Plans still involve building a new “NFL-sized” stadium at that location regardless of the Commanders’ plans, which would help the District hold larger concerts and outdoor events that currently cannot be held in DC due to the smaller size of some of its entertainment venues.  

https://www.youtube.com/watch?v=WaIUCjqrgYU

Now in her third term in office, the most difficult term for any mayor, Mayor Bowser was asked how she sees her legacy, looking back through her tenure making her the second longest-serving mayor in DC’s history. With so much to be proud of it’s hard to choose any single accomplishment, she pointed to her ability to uplift communities in Ward 8 via affordable housing, through the building of a new hospital and creating meaningful jobs in DC’s most challenging ward from an economic and equity standpoint. 

This is the first RPLS event of 2024. We look forward to continuing to connect the business community to information directly from policymakers through our Regional Policy Leadership Series, ensuring that our members have the best up-to-date knowledge about how the region’s governments are planning for and reacting to a constantly changing environment.     

Special thanks to our presenting sponsor: Holland and Knight LLP, and our series supporting sponsors Comcast, First National Bank, Fox Rothschild LLP, G.S. Proctor & Associates, Inc., Giant Food LLC, MGM National Harbor, and McGuireWoods LLP, McGuireWoods Consulting, and Uber Technologies, Inc. 

Where our Policy & Advocacy team is focused heading into a busy 2024

The Board of Trade is excited to begin 2024, expanding upon previous years’ work with new and varied policy and advocacy efforts. In 2023, we substantially expanded its policy footprint in the region by adding staff members Kyle McColgan, SVP of Policy, and Tyler Kirby, Policy Analyst, in addition to Daniel Flores, VP of Government Relations. In the coming year, the Board of Trade will be bringing Holland & Knight on board to represent the Board of Trade in the District of Columbia in a continuation of 2023’s efforts working with McGuireWoods Consulting and G.S. Proctor & Associates in Virginia and Maryland respectively. We worked to expand upon its convening role through programs like the Regional Policy Leadership Series and the Capital Region Transportation Forum, which brought together transportation leaders from across the region in conversation with our members, facilitating regionalism and collaboration between the private and public sectors to address concerns around talent acquisition and retention and the long-term viability and sustainability of public transportation.  

The coming year will see the Board of Trade focus on fostering regional collaboration and cooperation to overcome mounting funding difficulties within the region, allowing for necessary changes that will preserve and better the business environment. Only through addressing the interrelated issues of crime, downtown revitalization, and the success and long-term sustainability of regional public transit will the region’s unrivaled resources, especially the quality and size of its workforce and unique relationship with the federal government, continue to bolster the region, keeping it near the apex of the market. 

The ability of the region’s business environment to compete with emerging competitor cities around the nation rests on the ability of its jurisdictions to work together, not only with one another but with the private sector. Only through collaboration can the region address many of its endemic problems, now being brought to the fore as the world experiences unprecedented economic and political shocks and tectonic shifts, which fundamentally change the shape of the local, national, and international economies. As work from home becomes more engrained in post-pandemic work culture, the region must reimagine how commercial real estate incentivizes regional residents to remain in and move to the region’s core. Doing so will require a multimodal approach that addresses long-term funding issues for WMATA and significant road projects like the American Legion Bridge, distressing crime trends that depress tourism and recreation within the district, and necessary improvement to the region’s general business environment to incentivize investment and disrupt negative emigration trends among the most desirable young professionals out of the region.   

With legislative sessions in Virginia and Maryland underway, the Board of Trade will continue to advocate for maintaining and improving the region’s business environment, connecting policymakers and leaders with one another and with the region’s business community. Collaboration across sectors, private and public, and across jurisdictional boundaries, remains necessary for this continued elevated status of the Greater Washington region, nationally and internationally. Only through intersectoral and inter-jurisdictional communication can we expect a risk-averse and sometimes slow-moving region to adapt to the new, constantly changing environment, and maintain its appeal and competitiveness relative to the nations and the world’s emergent competitor markets.  

Looking into 2024: Board of Trade updates in the new year!

Meet our 2024 Board of Trade officers! At the forefront is Steve Proctor, President and CEO of G.S. Proctor & Associates, who steps into the role of 2024 Board Chair. Together with Steve, this dynamic leadership will continue to guide the Board of Trade as we navigate new intricate and rewarding challenges, promising higher impact and a strengthened network within our community. Embracing these hurdles with the same vigor that defines us, we’re geared up to tackle them head-on, leveraging our experiences and collective strength to make an even greater difference.

See our full list of Board Members here

In 2023, we welcomed over 30 esteemed organizations, enriching our community and elevating the Board of Trade to new heights. As we anticipate the exciting opportunities of 2024, our existing members are integral to our success. If you know of an organization that should be part of this thriving community, take action! Reach out today to explore the benefits of joining the Board of Trade community.

See our full list of Member Organizations here

Join us on March 13 at the Washington National Cathedral for our premier event, the 104th Mid-Winter Dinner, presented by PNC Bank. This exclusive black-tie event is your chance to connect with business, government, and community leaders outside the office. Experience a pre-dinner cocktail reception, followed by a seated 3-course dinner, creating valuable connections with key players in the region. Don’t miss this extraordinary night of camaraderie and collaboration – secure your spot now and elevate your presence at the heart of the action!

Get tickets and register here

We are pleased to welcome Mayor Muriel Bowser next week at our in-person Regional Policy Leadership Series event on January 17. Join us for a thought-provoking discussion addressing critical issues within DC’s Central Business District. Mayor Bowser will delve into pressing topics such as efforts to enhance public safety, WMATA’s budget-related impacts, and the ongoing challenge of downtown revitalization amidst the prevailing work-from-home dynamic affecting businesses in the District.

Register here for this event

EVENT CALENDAR: View more events and professional opportunities

The Board of Trade’s 2023 Annual Meeting at MGM National Harbor was a resounding success! Our outgoing chair, Jermaine Johnson, and 2024 Chair, Steve Proctor, outlined some noteworthy highlights, such as a remarkable 90% member retention rate, an expansion of policy efforts, and strategic plans to address the significant funding gap for WMATA. Presenting sponsor Kaiser Permanente’s Ruth Williams-Brinkley shared their alignment with the Board of Trade and our mutual mission to build healthy communities. Deborah Rutter of the Kennedy Center emphasized the pivotal role of the arts in public safety, featuring discussions on its economic impact and community well-being. A compelling table read from ‘Enough: Plays to End Gun Violence,’ crafted by playwright Niarra C Bell, ignited a panel on crime prevention with MPD’s Chief of Police, Pamela Smith. As we approach 2024, our focus remains on tackling new challenges, advocating fervently, and implementing targeted initiatives to keep our region competitive, engaged, and inclusive.

Click here to read more about this impactful event

The Board of Trade brought together the Greater Washington region’s attorneys general in mid-December to discuss important issues and topics surrounding Washington D.C., Maryland, and Virginia. Topics ranged from the ongoing Meta lawsuit, the impacts of artificial intelligence, and how our top legal officials in Greater Washington are combating the epidemic of crime in the region.  

Click here to read and watch more

Regional Attorneys General Policy Discussion addresses Meta Lawsuit, AI Ethics, and Crime Solutions in Greater Washington 

The Greater Washington Board of Trade’s Regional Policy Leadership Series brought together Maryland Attorney General Anthony Brown, DC Attorney General Brian Schwalb, and Virginia Attorney General Jason Miyares in discussion with Uber Technologies’ Senior Public Policy Manager Michele Blackwell about topics ranging from the ongoing Meta lawsuit and artificial intelligence to combating the epidemic of crime in the region.   

AG Brown discussed key priorities around consumer protection and public safety, ranging from the Meta lawsuit and antitrust regulations to regulation around handgun qualification and addressing mass incarceration and recidivism, even indicating that he will be seeking to form a regional coalition among his colleagues on the call to create a task force in the mold of Illinois’ recent organized retail theft task-force to begin tackling the problem more holistically and collaboratively across the region.   

In the way of consumer protections, Brown delved into antitrust legislation around minimum price setting in Maryland and expressed a commitment to continuing to pursue a collaborative relationship with the business focused on the prevention of abusive behaviors rather than over-regulation and litigation. Conversation then shifted to the Meta lawsuits being pursued by 41 attorneys general across the nation and the need for social media platforms and the tech industry to take age gating and verification seriously so that kids are protected from some of the tactics that have become a vital part of monetization of social media platforms.   

In a discussion on violent crime, Brown pointed out that youth crime is actually on the decline with the very important exception of carjackings and gun violence and that wrap-around services in concert with a more pointed approach to prosecuting those crimes will be pivotal parts of any solution going forward. When asked how the business community can help, he suggested that continued investment in young people to get them off the streets and to inspire them with what their futures can look like through internship and mentorship will play a major role in preventing the cycle of criminality that plagues the region. 

https://www.youtube.com/watch?v=mS0y8C7BY3I

AG Schwalb primarily focused on DC’s Cure the Streets broad approach to combating violent crime in the District and consumer protections around the Meta Lawsuit, as well as the District’s proposed legislation regarding the use of AI algorithms in the making of important life decisions for residents.   

Discussion of DC’s Cure the Streets program centered around the need to make people feel safe in the face of some disturbing trends around violence in the city. As the crimes associated with first offenses worsen and traditional prosecution has not seemed to be able to fix the problem, wrap-around services to keep children off the streets by providing after-school programs, jobs, internships, and mentoring may represent a viable path forward. Schwalb indicated that point as a way in which the business community is poised to get involved and have a major impact on both public safety and the lives of many of the District’s young residents.   

Discussion of the Meta lawsuit and protection of DC’s youth from business practices that may negatively impact young minds transitioned into discussion of DC’s proposed regulations around the use of AI, big data, and algorithms in the making of important life decisions when Schwalb acknowledged the importance of balancing the major benefits that many of these technologies can bring to residents with concerns around the data privacy and data set biasing endemic to them. He expressed his office’s desire to create guard rails that will prevent the technology from going over the line and doing harm rather than opening up access to products and services to a broader scope of the population.   

https://www.youtube.com/watch?v=SyN9NTkj2E8

AG Miyares discussed, first, Virginia’s cease-fire program designed to combat gang violence throughout the state by intervening immediately within communities to avoid the retaliatory cycle of gun violence before it can begin and focusing on the prosecution of the disproportionately small number of repeat offenders, ~5%, who commit ~50% of crime in the Commonwealth. He, like his colleagues, pointed out that the business community can take a major role in preventing that cycle by providing pathways for young people to better themselves and develop relationships with the private sector, getting them out of bad situations associated with their being unsupervised after school and allowing them to envision themselves in positions and roles which may never have occurred to them.   

Miyares then moved on to the discussion of consumer protections in the Commonwealth, again reiterating the need to provide age-appropriate guard rails for children on social media platforms while still allowing for the social connection that they so desire before moving into discussion of his recent opposition to the increasing of greenbelt fares, expounding on the AG’s office’s role as the voice of the people in issues of consumer protection within the Commonwealth.  

https://www.youtube.com/watch?v=urv9ebDZv_Q

Our Regional Attorneys General RPLS webinar was the last one of for 2023. During the 2023 year, we held six RPLS virtual policy discussions, including discussions with Virginia Governor Glenn Youngkin, Maryland Governor Wes Moore, Regional Police Chiefs and Regiona Labor Leaders from DC, Maryland, and Virginia.

In 2024, we look forward to continuing to connect the business community to information directly from policymakers through our Regional Policy Leadership Series, ensuring that our members have the best up-to-date knowledge about how the region’s governments are planning for and reacting to a constantly changing environment.   

This Regional Policy Leadership Series webinar was presented by Uber Technologies. Supporting Sponsors of the event series are Comcast, First National Bank, Fox Rothschild LLP, Giant Food LLCG.S. Proctor & Associates Inc., Holland & Knight LLP, McGuireWoods Consulting LLC, McGuireWoods LLP, and MGM National Harbor. Thank you for supporting the Greater Washington Board of Trade and our region’s business community.     

Featured Members