S3 | Ep 46 | Engaging Business Leadership; The Perfect Conditions for a Data Executive with Ben Steele, Head of Data & Analytics at BMS Group
Sep 19, 2023
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Ben Steele, Head of Data & Analytics at BMS Group, discusses engaging business leaders, the perfect conditions for a data executive, value creation metrics, team composition, collaboration, attribution, CDO roles, and data literacy for success.
Being the first data leader through the door and implementing the first data strategy in an organization is essential for a Data Executive in low data maturity environments.
Collaboration is the single biggest superpower of a Data & Analytics team, and it is crucial for driving successful business outcomes.
Deep dives
Importance of Data Analytics in Business Decisions
Effective data analytics is crucial for making informed and strategic business decisions. By partnering with organizations, like Orbishing Group, companies can benefit from their expertise in raising brand awareness, providing market insights, and attracting top talent. Having a data-driven approach allows businesses to drive value from data and differentiate themselves in the market.
The Role and Journey of a Data Analyst
Ben Steele, the Head of Data Analytics at BMS Group, shares his background and experience in the data analytics field. He highlights the importance of data in the insurance industry and his role in developing and implementing a group data strategy. His goal is to support BMS Group in driving value from data and enabling better business decisions.
Creating Value Through Data Analysis
Ben Steele discusses the process of creating value through data analysis. He emphasizes the need for data teams to actively engage in business conversations and understand the specific needs and challenges of different business units. By aligning data initiatives with business goals and focusing on high-value use cases, teams can deliver tangible results and generate revenue.
Navigating Stakeholder Relationships and Data Literacy
Ben Steele highlights the importance of building strong relationships with stakeholders and understanding their drivers and perspectives. He suggests starting with stakeholders who are willing and ready to collaborate, rather than trying to involve every senior business stakeholder at once. While data literacy plays a role, success in data leadership roles also depends on mindset, behaviors, and alignment with business priorities.
In Episode 46 of Season 3, of Driven by Data: The Podcast, Kyle Winterbottom is joined by, Ben Steele, Head of Data & Analytics at BMS Group where they discuss how to successfully engage your business leaders and what constitutes the perfect conditions for a Data Executive, which includes;
Being the first data leader through the door
Owning and implementing the first data strategy in an organisation
Operating in low data maturity environments
Generating between £50-100m in revenue through Data & Analytics
Why it isn’t the job of a data team to define what value means for a business
Why you can’t distil value down to one single meaning or metric
Data use cases versus business use cases
The importance of being comfortable having purely business conversations
Why collaboration is the single biggest superpower of a Data & Analytics team
What you should expect to be measured by as a Data Leader
What business leaders, boards, shareholders, etc, view as “value”
The importance of getting the balance of skills in a team correct
Working effectively with other business leaders/peers
How to successfully engage a business leadership team
The importance of Data Literacy to the success of the CDO
The perfect conditions for success in a CDO role
Why talking about attribution of revenue is the wrong question
Why the notion of a Data Strategy will hopefully become redundant
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