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Episode 22

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Published on:

2nd Apr 2024

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
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About the Podcast

Driven by Data: The Podcast
Designed for Data Enthusiasts to hear from the Data & Analytics industry's thought leaders
Orbition Group is delighted to bring you this podcast series, which is designed for Data Enthusiasts, to hear from some of the most high-profile Data, Analytics and AI thought leaders from around the globe.

Each episode will detail the guests journey to the top while bringing unique insights, drawn from first-hand experience on the industry’s most trending topics.

This podcast was created as a way for our industry's most respected leadership figures from across the world to give back to the Data & Analytics community, by sharing; knowledge, experiences and ideas, to inspire, innovate and provide real-life use cases on the industries most pressing topics/challenges.

About your host

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Kyle Winterbottom

Founder of Orbition Group, a Search and Talent Solutions business that operates exclusively within the world of Data, Analytics & AI.

I am hugely passionate about enabling organisations to drive decisions and obtain value from the use of Data, Analytics & Artificial Intelligence.

As such, I believe it is imperative that as a community, we share; knowledge, ideas, real-life use cases and inspiration to collectively give back to our industry.

Given my fortunate position of speaking with hundreds, if not thousands of leadership figures within the global Data & Analytics community each year , I feel it is my duty to share the successes, failures, challenges and opportunities.

Therefore, I have positioned Orbition Group to be a facilitator of that knowledge sharing, through these podcasts, events we host and public speaking.