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Ayesha NeralqviChief Data Officer
Portrait of Ayesha Neralqvi
Chief Data Officer

An introduction

Keep the evidence attached to the result


I keep the evidence behind a research result available for the person who must use it.

India

Open to Board appointments · Executive opportunities

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My approach

A useful research result should remain connected to the evidence and permissions that support it. I want a reader to know which population was studied, what a label means and what we are entitled to publish. That connection can make a result smaller or less convenient, but it makes the judgement behind it more honest.

Data colleagues
34
Four managers; 269 employees across the company
Client teams
48
Corporate credit and financial-analysis users in India
Data-function budget
₹7.6 crore
Approved annual expenditure; no client lending authority

Work worth discussing.

01Reducing a product's coverage after checking its source permissions

A new external research product was planned around eight source arrangements and coverage of 8,400 companies. The internal prototype could display the source material, and the commercial draft treated that availability as evidence that the same material could appear in client-facing outputs. I asked the product team to describe the actual distribution, including downloadable excerpts and reports carrying the client's branding. That description differed from the internal use for which some sources had been obtained.

Legal colleagues reviewed the arrangements against the proposed product. Three sources did not support that distribution under the terms then in place. We could seek amended terms, redesign the output or release a smaller product. The commercial sponsor preferred to launch with the broad coverage figure and resolve the detail during onboarding. I recommended against that sequence because the unresolved permission affected what we were offering, not merely an internal administrative step. The legal judgement remained with qualified colleagues; I made its data and product consequences explicit.

We spent ₹24 lakh revising the source-to-output controls and delayed launch by five weeks. The first release used five sources and covered 6,100 companies. Two prospective clients chose to wait because the narrower coverage did not meet their needs. We did not count those prospects as retained revenue or imply that the remaining companies were inherently better evidence. The product was simply smaller and aligned with the approved use of its sources.

The remaining arrangements stayed under separate commercial discussion. No future permission was assumed in the published scope. I learnt to require the distribution description before a coverage commitment is made, because a broad internal prototype can otherwise create an expectation the company is not yet able to fulfil. The change was not a claim that access to information is always restricted in the same way; it was a decision based on the specific arrangements and output under review.

02Splitting a research label after reviewers were answering different questions

We used a single text label to identify a defined type of business-risk statement in company research. A review sample of 240 passages produced disagreement on 74 between two experienced reviewers. The first proposed remedy was more training on the existing label. I asked the research lead to examine the disagreements before assuming that one reviewer had simply applied the instructions poorly. Many passages contained several voices: a company's own statement, a quotation from another party and an analyst's explanation of what remained uncertain.

The single category did not clearly say which of those forms counted. One reviewer marked the presence of the words; another required the company itself to make the statement. Both could point to examples in the old guidance. We separated source attribution from the substantive research category and added an unresolved route for passages whose meaning could not be established from the available material. The research team owned the revised definitions and examples. My team rebuilt the annotation fields and evaluation process around them.

The change cost ₹16 lakh and delayed the planned dataset refresh by four weeks. We revisited 1,600 previously labelled passages using the revised method rather than mechanically translating old labels into the new structure. In a fresh 240-passage evaluation, disagreement remained on 29; those cases received adjudication or stayed unresolved. The improvement did not establish that the classification was universally correct. It showed that the revised question was more consistently understood within the reviewed sample.

Product colleagues had to explain a more complicated output, and some clients preferred the simplicity of one flag. We retained the distinction because simplicity would otherwise hide whose statement the label described. The lesson was to inspect the question before trying to improve an agreement score. An unresolved category can be valuable when it preserves uncertainty that a forced binary decision would conceal.

03Withdrawing a growth headline drawn only from continuing businesses

A draft sector study reported 14% revenue growth using 420 businesses that remained active and had comparable records in the latest period. The original study population had contained 500. The remaining eighty included businesses that had closed, been acquired, changed reporting or lacked an available source. The calculation for the 420 could be correct while the proposed headline about the original sector group remained misleading. I asked the research team to make the population change explicit before publication.

The editorial team wanted to retain the headline with a technical note. I thought that would leave most readers with a conclusion broader than the evidence. We withdrew the draft and rebuilt the population record, documenting the reason for each exclusion where it could be established. We did not assign zero revenue to every missing business or assume that all closures reflected the same economic event. Those shortcuts would have produced a different but equally unsupported measure.

The review cost ₹13 lakh and postponed the study by three weeks. The final publication described the 14% figure as a comparison of continuing businesses with comparable evidence, alongside a separate account of the original 500 and the eighty outside that comparison. It did not replace the headline with an invented whole-population growth rate. Clients could see the limitation and decide whether that narrower comparison was relevant to their question. One planned promotional claim about sector-wide resilience was removed.

The commercial cost was a less striking launch and additional explanation in client discussions. The benefit was not a new estimate of performance but a more faithful account of the population studied. I learnt to keep membership changes visible from the beginning of a longitudinal dataset. A comparison should not quietly redefine its subject simply because continuing businesses are the easiest ones to measure in the latest period.

I lead data work so that the research product carries its sources, limits and meaning into the client's decision.

I am chief data officer at Dalqeri Credit Research in Indore. We supply business-information datasets to 48 corporate credit and financial-analysis teams, with ₹78 crore of company revenue in FY2025–26. I lead thirty-four data colleagues through four managers and manage ₹7.6 crore of annual function expenditure. Research conclusions, legal permissions, technology operations and clients' lending decisions have their own responsible owners. My role is to make the data evidence usable and its limitations visible across those boundaries, rather than claim authority over every decision made from it.

My first research job in 2000 involved checking source records and preparing tables. I learnt that a polished result could be wrong in a way the arithmetic did not reveal. The wrong population, a label interpreted differently by two researchers or a source whose permitted use had changed could each alter what a reader should conclude. I moved through methods work, dataset management and stewardship because I wanted those questions addressed before publication. I still ask teams to show the path from the source to the statement, especially when a broad coverage number makes the product appear more complete than it is.

Recent cases have involved a product whose source permissions did not support the proposed distribution, a research label that concealed disagreement and a comparison group that excluded businesses no longer active. We released a narrower product, revised the annotation method and withdrew a misleading growth comparison. Those choices cost time, coverage and commercial opportunity. They also gave colleagues a more defensible account of what the data could support. I do not regard every limitation as a reason to withhold a result; I want the publication decision to reflect the limitation rather than erase it.

Coverage followed the permitted use

Review of eight source arrangements found three did not support the proposed external distribution. The first release used five sources and covered 6,100 companies rather than the proposed 8,400.

A shared label needed a shared meaning

Two reviewers disagreed on 74 of 240 sampled text classifications. We separated the categories and retained an unresolved route before returning the method to production.

The comparison included who had disappeared

A proposed growth comparison used 420 continuing businesses from an original 500. We withdrew its 14% headline and rebuilt the study around the original population and explicit missing evidence.

Current focus

I am making source permissions and population choices part of the product record that travels with each research release.

Conversations I welcome

I am interested in data-leadership mandates where a company wants its research or analytical products to explain their evidence as carefully as their conclusions.

The leadership record

Trusted with consequential decisions.

Formation

  • Bachelor of Science in StatisticsAnveruli Statistical College · 2000
Ayesha made the source review a decision about the product we could offer, including the coverage we would lose. She did not leave the commercial consequence for somebody else to explain.
Joseph DarquliChief Executive Officer, Dalqeri Credit Research
The full record ↗

Contact

I am interested in data-leadership mandates where a company wants its research or analytical products to explain their evidence as carefully as their conclusions.

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