Keith Enright’s Post

This terrific article shared with the added suggestion that both Suraj Srinivasan and the Digital, Data, and Design (D^3) Institute at Harvard are well worth following.

A must read if you have/plan a business model based on data. Use this create framework for measuring the value of your data (platform). What are your thoughts?

Great read on how the best Chief Data Officers (CDOs) create value. Data-driven decision making is the cornerstone of modern business success, and CDOs play a pivotal role in this transformation. One key insight from this article is the importance of aligning data strategy with business objectives. CDOs should not only focus on collecting and analyzing data but also on translating insights into actionable strategies. By doing so, they can effectively bridge the gap between data and business outcomes, driving real value. In today's data-driven world, CDOs are the architects of transformation. #DataLeadership #BusinessInsights #DataStrategy Harvard Business Review

📊 Unlocking Value through Chief Data Officers 🌐 In an era where data reigns supreme, Chief Data Officers (CDOs) play a pivotal role in driving business outcomes. Surprisingly, many CDOs struggle to measure and communicate the value they bring to the organization, leading to unmet expectations and short tenures. This article delves into insights from 17 in-depth interviews with pioneering CDOs. It reveals how CDOs can create, measure, and price the value of data and analytics capabilities. Beyond strategies for showcasing value, it offers both qualitative and quantitative measurement approaches that data analytics leaders are adopting. As we navigate the data-driven landscape, let's glean valuable lessons from these CDOs to enhance our own data strategies. 📈 https://lnkd.in/eJ5NMcWe #DataLeadership #ValueCreation

Unlocking value with Chief Data Officers 🔓 Data is reshaping industries, and CDOs are at the forefront of this transformation. But how do the best CDOs create, measure, and price value? This insightful article from Harvard Business Review explores the four spheres of influence CDOs navigate, from data products to data architecture, and how they demonstrate their impact. Read more: https://lnkd.in/gnJW5ifB #CDO #Strategy #DigitalTransformation

I recommend this really nice article on the topic of data value generation for data products and data platforms! Like many of our colleagues, we differentiate between #dataproducts, with which we want to create concrete business value, #dataplatforms, which we need in order to develop data products, #DataSkills or Data Literacy, and Data Architecture and Governance. In the article the authors come up with an idea for qualitative and quantitative measurements for each of the named sphere above, so that CDOs can measure, demonstrate, and sometimes price their value. It's usually very simple things like a data product evaluation matrix that help us to prioritise and define added value together with the business. One point that I don't agree with and still don't understand: the NPS is a completely non-scientific metric that has no meaning whatsoever. Why so many people use it is a mystery to me. https://lnkd.in/eFNTjEE3

Today is an exciting day for the #data industry! 🤩 🤩 Chief Data Officers (CDOs) have been identified as an important role in helping firms create value. 🤑 The article explains that CDOs will be responsible for interpreting and analysing data from a variety of sources, as well as creating strategies to use data to create value for their firm. This role will be vital in helping firms understand the potential of data and how they can use it to their advantage. 💡 The article also highlights the need for firms to invest in data-driven technology to ensure that they can make the most out of this valuable resource. It's clear that the role of the CDO is going to be an important one in the future. 📆 Are you ready to embrace the power of data? 💪 #DataDriven #DataValue #CDOs

🔍 Revealing the CDO's Secret Sauce: Strategy, Balance, and Culture 🔍 Unearth the strategic genius of Chief Data Officers in this insightful piece by Suraj Srinivasan and Robin Seibert. Learn how they're turning data into a competitive advantage. Here are three key takeaways: 1. Beyond Numbers - Strategic Integration: CDOs are pivotal in weaving data into the fabric of business, from customer interactions to internal efficiencies. It's not just about the data – it's how you use it to drive business value. 2. The Balancing Act: Showcasing immediate value while building lasting platforms is crucial. Agile development, impactful use cases, and aligning with business strategies are the keys to a CDO's success. 3. Culture is Key: Overseeing data architecture and governance is just the start. Cultivating a data-centric culture and upskilling employees are crucial steps towards a data-driven future. 👥 I invite comments from peers and mentors alike. How do you see the role of CDOs evolving? Kallol Dutta Helius Guimaraes Vikash Kumar David Steier Krishna Cheriath Anshuman Banerjee Anshuman Sengar Manish Kukreja 💙 Manish Bindal Hursh Shah 🔗 https://lnkd.in/gkbwZKRa #DataLeadership #CDO #Analytics #BusinessStrategy #DigitalTransformation

"Despite the rapidly increasing prominence of data and analytics functions, the majority of Chief Data (and Analytics) Officers ... many CDOs fall behind expectations and have short tenures." Digital, Data, and Design (D^3) Institute at Harvard's Suraj Srinivasan and Robin Seibert offer a host of actionable insights on how to make the most of this function: mirror each line of business, centrally manage data platforms, upskilling local champions who adopt the data products, consider chargeback models to ensure skin the game, and more! #data #analytics #datascience #business https://lnkd.in/gUVeT3Fr