S4 | Ep 22 | Why Would You Value Your Data like a Balance-Sheet Asset? with Simon Ferriter, CEO at Anmut

In Episode 22, of Season 4, of Driven by Data: The Podcast, Kyle Winterbottom is joined by Simon Ferriter, CEO at Anmut , where they discuss why organisations are valuing their data like other balance sheet assets, which includes;

• The framework for measuring the value and fitness for purpose of your most important data
• The role of capital allocation in data assets
• How most organisations don’t understand which data assets are important to success
• If data teams lack the business/management acumen to communicate data effectively
• Why data isn’t treated or managed like other resources and assets in an organisation
• Not all data has equal importance to decision-making
• Why the 80-20 rule is likely in play when it comes to data
• Why data valuation is completely context-dependent
• The three financial methods for valuing data
• The importance of social impacts of data (environmental and community)
• The benefit of putting a financial figure on the value of data assets
• Why semantics around language are causing confusion
• Why the financial figure isn’t the end result, it’s what that allows you to do from there
• Why data valuation drives improved "value"
• Knowing which data asset is important for which business opportunities
• Why valuing your data captures the attention of the board and makes it their issue too
• The under-investment in data management capability and the overinvestment in technology
• Why the problem statements are fairly universal across industries and organisations
• Why complexity means intangible assets are overlooked and often undervalued
• Why accounting standards are no longer fit for purpose in the digital age of today
• If data should be on the balance sheet
• Investing in the upstream business process to prevent the need for new tools
• The benefits that organisations are seeing from valuing their data assets
• Why Anmut launched a product to help organisations to self-serve on this process