In Episode 5, of Season 4, of Driven by Data: The Podcast, Kyle Winterbottom is joined by Kate Sargent, Chief Data Officer at The Financial Times, where they discuss the importance of getting data into the boardroom to ensure D&A success, which includes;
- Why data strategies often articulate the role that data can play and not often what it will play
- What should be included in your data strategy
- Understanding the business strategy and objectives if it’s not obvious
- Why D&A teams need to constantly reinvent themselves
- Why you need to befriend your commercial/finance colleagues
- Transcend D&A into the boardroom by meeting people where they are
- Why it’s imperative that you’re easy to work /do business with
- The need for a voice in the boardroom for D&A to be successful
- Why very few other functions have or need a strategy but data still does
- Why new tools and techniques should be additive, not substitutional
- Why the “old school” work is still where the most value is derived
- Why finding the right balance of the team structure will underpin the success of any Data Leader
- The importance of staying alert to disengagement
- Identifying the issues and choosing the solution to fix them
- Why ‘data product’ demonstrates the growing-up of data as a discipline
- The differences between ‘data product’ and ‘data as a product’ and why the differentiation matters
- Driving top-down and bottom-up
- Why data is viewed as important but not urgent (and how to create urgency)
- The power of demonstrating the risk of missed opportunities to drive change
