S3 | Ep 31 | How to Deliver Measurable Value With Your Data Strategy with Taylor Culver, Founder at XenoDATA
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