Driven by Data: The Podcast

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


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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

...more
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