Ep 40 | Demonstrating Business Value & The Financial Impact with Jason Krantz, CEO/Founder at Strategy Titan

In Episode 40 of Driven by Data: The Podcast, Kyle Winterbottom is joined by Jason Krantz, CEO/Founder at Strategy Titan, where they discuss how to demonstrate the business value and financial impact of our Data & Analytics initiatives, which includes: Our job is to create clarity on how data can help the business reach its goals Why we need to find a balance between data literacy and business literacy     The importance of business context   Why its impossible to translate how D&A initiatives benefit the business without business literacy Push Versus Pull: why you’ve got to embrace the pull model      Why you need to get out from behind your keyboard to set yourself apart We are in a battle of hearts of minds, not technology    Why you should start by creating demand and how to do so The importance of knowing how the score is kept and keeping score! How to quantify the financial benefits and/or business benefits before starting a project     The importance of understanding the decision making culture within your organisation       Why it reflects on you as a leader if change doesn’t occur The “cost” of data & analytics capabilities are simply table stakes to remain competitive  Why we should calculate the financial value as opposed to ROI Why it’s on the organisation to gauge the financial value generated Why offensive initiatives are easier to quantify the financial value generated How to be in alignment with decision-makers that are acting on your recommendations to be able to claim added value