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S3 | Ep 31 | How to Deliver Measurable Value With Your Data Strategy with Taylor Culver, Founder at XenoDATA
Episode 316th June 2023 • Driven by Data: The Podcast • Orbition Group
00:00:00 00:54:55

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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

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