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 mostFinance leaders don’t measure impact on ROI, but IRROrganisations will happily spend on capex but not an opex, and what that means for Data LeadersWhy culture and literacy aren’t the magic bullet, but good leadership isData isn’t an asset, and if it was, why it wouldn’t be a good asset to haveWhy Data Leaders need to focus on adding the enterprise value of a firmIf 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 successfulThe relationship between “value” and “ROI”Why innovation is what company execs and shareholders care about the mostWhy intangible value is far greater than the ROI you’ll generate Why finance leaders don’t measure impact on ROI, but IRRHow data leaders can quantify their impact The importance of languageCalculating the financial impact of data initiatives The differences between quantifying tangible and intangible benefitsHow ROI merely makes you more credible as a Data LeaderWhy organisations keep investing capital into data initiatives