S3 | Ep 1 | Valuing Your Data as an Asset with Davin Crowley-Sweet, CDO at National Highways

In Episode 1 of Season 3, of Driven By Data: The Podcast our CEO Kyle Winterbottom is joined by Davin Crowley-Sweet, Chief Data Officer at National Highways, where they discuss how to value your data like you value any other asset, which includes;Why CDO’s shouldn’t expect organisations to know what they want/need How data is an intangible digital asset that can be valued like any other asset whether you do something with it or notThe difference between “value” and “benefits” are how we’re confusing themWhy it makes no sense that our balance sheet tells us more about our furniture than it does about data How he was able to value the data asset at £60 billion which was 50% of the value of the roads and 10x more than their technology assets Why valuing your data drives proportionate capital investment into itData Literacy V Business Literacy How the data strategy took 12 months to complete, included input from 300 people and identified circa £1 billion of potential upside The role that Anmut played in helping to value their data assetsHow they calculated it would cost £300m to realise £1bn in return and the strategy to do that cost £3mHow one project cost £400K to deliver over 6 months and returned £60 millionThe difference between quick wins and being opportunistic Why you must be a business leader first and a data leader second Why you have to frame data in a language your business understands How being able to quantify & articulate the value and benefits of data has made attracting talent much easier The mistakes he made at the startWhy you need to be disruptive but not cause disruption