Welcome to The Visionary’s Guide to the Digital Future podcast, hosted by Paul Lima, the Managing Partner at Lima Consulting Group.

This podcast is for the visionaries of today who are charged with creating the digital experiences of tomorrow. It’s an indispensable resource for digital transformation leaders and offers insights on the latest industry news and practical strategies that will help you create winning customer experiences.

Each episode features three segments:

Digital Pulse - provides leadership perspectives and insider insights on industry news

Quick Hit - provides practical training to help keep you fresh and current with the strategies and techniques needed to lead your staff and create winning customer experiences.

Decision-Makers Advantage - discusses topics with industry veterans to unlock professional judgment and help accelerate business objectives.

Our first season is all about data.

On Digital Pulse, we explore the Adobe acquisition of Figma and why it will take decades to return on the investment for investors.

On The Quick Hit, we explore the impact that data is having in our society, our companies, and even in our 401 Ks.

In The Decision Makers Advantage segment, we're talking about transitions of power from oil to data.

Around 2016, big oil lost its crown to companies whose underlying value is measured in the size of their database. The powerful analogy between oil and data helps Paul illustrate the power of data in the digital revolution, how organizations can leverage data to improve decision-making, and the refining process of data governance.

He also shares a cautionary tale that is a recurring theme about investing in innovations and the roadblocks innovators encounter, using the shocking example of JP Morgan's own father the night that electricity was first installed in a private residence. It’s a shocking story (pun intended)!

Join us for practical insights and expert perspectives on using data. Let’s pave the way to the digital future together!

Key Takeaways:

• Who we are (00:00)
• Introducing the 3 Segments of our Show (00:30)
• The Digital Pulse: The Adobe acquisition of Figma - vital stats (02:31)
• Why did Adobe overpay? (04:10)
• The Quick Hit: Data impact (07:06)
• The oil industry and the transition of power (08:41)
• An shift in market cap from oil to data (09:25)
• How the value of the data should be treated (11:14)
• The Decision-Makers Advantage: Transitions of power from oil to data (13:05)
• A recurring tale about investing in innovations (13:54)
• How the industrial tycoons protected their monopolies (16:11)
• How data fuels decision-making (19:26)
• Creating value from data in the future (21:31)
• The definition of data (22:11)
• The ethics related to data (22:25)
• Why every industry is now in Information Science (22:55)
• The ways your organization can use data to add value (23:10)
• The cautionary tale for digital visionaries (24:42)

Quotes:

“Data is greater in value than all but one asset. And it's always more valuable than cash.” - Paul Lima (11:32 - 12:06)

“Data should be treated as the valuable asset that it is. Indeed, it's the core asset for why the new titans of industry dethroned Big Oil.” - Paul Lima (12:40 - 12:53)

“John D. Rockefeller, considered by most as the wealthiest person in history, was about twice as rich as Elon Musk. But in terms of the maturity cycle of data, we are still in the early innings. This means there is significant potential for growth in companies that monetize data.” - Paul Lima (13:23 - 13:46)

“If Junius Spencer Morgan, who was JPS's own father, couldn't recognize the value of electricity, why do you think your board of directors will value your digital transformation initiative?” - Paul Lima (14:51 - 15:10)

“Oil powers machines. It powered the first three industrial revolutions. And data powers decisions - it powers the digital revolution.” - Paul Lima (19:30 - 19:58)

“In order to power a machine, oil is refined. Similarly, in order to power a decision, data needs to be refined.” - Paul Lima (21:09 - 21:30)

Contributors:

Paul Lima - host

Hunter Speakman - Research Assistant

Lazaro Cabanas - Social Media Manager

Yolanda Salgado - Project Manager

Mariana Uribe - Graphic Design

Nic Musolino - Graphic Design

Lorena Lima - Video and Pre-Production Engineer

Virginia Lima - Editor

Mariana Mina - Podcast Producer

Bill Good - Executive Producer

Araceli Guenther - Advisor

Additional resources:

➡️ Check out our website: https://www.limaconsulting.com/

🎧 Follow our podcast: https://link.chtbl.com/TheVisionarysGuide  

Share your feedback with us and follow us on social media:

👉 YouTube: https://www.youtube.com/@LimaConsultingGroup 

👉 Twitter: https://twitter.com/LimaConsulting 

👉 LinkedIn: https://www.linkedin.com/company/limaconsulting 

👉 Facebook: https://www.facebook.com/LimaConsulting 

📧 Email me at [email protected]