In Episode 31 of Season 3, of Driven by Data: The Podcast, Kyle Winterbottom is joined by Taylor Culver, Founder of XenoData, where they discuss how Data Leaders can deliverable measurable value from their data strategy, which includes;
- Why ROI is a 'nice to have' for company executives, not a priority
- Innovation is what company execs and shareholders care about the most
- Finance leaders don’t measure impact on ROI, but IRR
- Organisations will happily spend on capex but not an opex, and what that means for Data Leaders
- Why culture and literacy aren’t the magic bullet, but good leadership is
- Data isn’t an asset, and if it was, why it wouldn’t be a good asset to have
- Why Data Leaders need to focus on adding the enterprise value of a firm
- If you’re being held accountable for ROI as a Data Leader then you’re already on the way out!
- Why Data Leaders already have everything they need to be successful
- The relationship between “value” and “ROI”
- Why innovation is what company execs and shareholders care about the most
- Why intangible value is far greater than the ROI you’ll generate
- Why finance leaders don’t measure impact on ROI, but IRR
- How data leaders can quantify their impact
- The importance of language
- Calculating the financial impact of data initiatives
- The differences between quantifying tangible and intangible benefits
- How ROI merely makes you more credible as a Data Leader
- Why organisations keep investing capital into data initiatives
