S3 | Ep 34 | Successfully Moving the Data Function from a Cost Centre to a Value Creator with Steve Pimblett, Chief Data & Analytics Officer at The Very Group

In Episode 34 of Season 3, of Driven by Data: The Podcast, Kyle Winterbottom is joined by Steve Pimblett, Chief Data Officer at The Very Group, where they discuss how to move data from a cost centre to a value creator, which includes;A transformation journey that has been ongoing for over a century Why some D&A teams are still seen as a cost centre and not a value-creating function Why demonstrating value creation is a primary responsibility of a Data Leader/CDOThe tangible things that Steve has done to be seen as a value-creating functionThe 4 key pillars of their Data Strategy and measuring the capability maturity The value-creation measurement framework they’re using and how that helps to communicate Why you have to connect data and insight to actionThe importance of talking in outcomes and the benefits of those outcomes, and not data Why it’s imperative to have an operating model that supports value-creationA Joint-Venture model to prove value and take to an investment board How they’ve used hastags to demonstrate the value of Data & Analytics as an enabler to the business functions in those JV’sWhy ‘data as a product’ has bridged the communication gap and acts as a client success manager Why PR has been critical in the success of the D&A team and how external validation has helped