In Episode 46 of Driven by Data: The Podcast, Kyle Winterbottom is joined by Sameer Rahman, Director of Insight at The Royal Mint, where they discuss the role of data in the boardroom and how to get it there, which includes;
- Why you need to “show the money”
- The importance of showing the conclusion first
- Why simplicity is key
- The importance of understanding the people in the boardroom
- Answer 1 burning question
- Start with Strategy but not the Data Strategy
- Why middle-management can be more important than the boardroom
- The difference in obtaining buy-in between middle management and the boardroom
- Why you need to cater to people’s self-motivation
- Use cases & proof of concepts help conversations in the boardroom
- The importance of choosing your project where ROI is demonstratable
- Why you must define the metrics of success at the start of the initiative
- The importance of thinking time to drive innovation
- The role that maturity, literacy and trajectory play in defining an operating model
- Using external use cases to ‘get the penny to drop’
- Why you need to take advantage of being the flavour of the month
- The importance of tracking the revenue you’ve generated for the organisation
- Why Evolution leads to Revolution
- The importance of communication to reduce scepticism
- Why you must demonstrate that data is commercial driver and not an enabler or utility
- Why Data Leaders need to welcome the advice of Data NED’s