Getting ROI From Your Data Literacy Program

Summary

In an environment where data literacy is becoming increasingly important for organizations, understanding how to measure its return on investment (ROI) is critical. Richie, along with Bianca Jane, CEO of ARIN, and Susan Stocker, Principal Solution Consultant, discuss the methods and strategies required for assessing the impact of data training programs. A significant part of this conversation revolves around the BADIR framework, developed by Bianca Jane, which assists in transforming data into actionable business insights. The discussion emphasizes the necessity of aligning data literacy efforts with business objectives to ensure tangible ROI, indicating that data alone doesn't drive impact, but the decisions made using that data do. Furthermore, the conversation highlights the importance of having a business champion and a cross-functional approach to fully embed data literacy into an organization's culture.

Key Takeaways:

• Data literacy should align with business objectives to ensure ROI.
• The BADIR framework is vital for deriving business insights from data.
• A business champion is essential for successful data literacy programs.
• Data literacy is not solely about technical skills but also involves decision-making and stakeholder management.
• Continuous alignment and evaluation of data literacy with business metrics are necessary for sustained impact.

Deep Dives

Aligning Data Literacy with Business Goals

Understanding the business context and aligning data literacy programs with organizational goals is important. This alignment ensures that data literacy efforts are not solely about learning new tools or techniques, but about making informed decisions that d ...
Read More