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

Driven by Data: The Podcast

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