How Colgate-Palmolive, Booking.com & Asda Run Data Literacy Training

WebinarSeptember 2024

So, you want to set up a data literacy program at your organization? Best to learn from those that have already done this! You'll hear from three executives who have transformed their respective organization's data capabilities.In this session, data and AI executives from Colgate-Palmolive, Booking.com and Asda give you the inside scoop on how they set up and run their data academies. You'll learn how to get started, how to scale the program, and hear success stories and lessons learned.

Key Takeaways:

Learn how to set up a data literacy program that aligns with business goals.
Understand the processes to you need to put in place to succeed.
Hear about success stories and lessons learned from executives who have been through this process.

Resources

Summary

In a quickly changing business environment influenced by data and artificial intelligence, leading companies like Booking.com, Colgate-Palmolive, and Asda are initiating data literacy programs to empower their employees. Denise Gronendahl-Lopez from Booking.com, Klee Pappas from Colgate-Palmolive, and Dr. Simon Jury from Asda shared insights into how these programs are designed and their impact. Data literacy is viewed as a strategic necessity, with customized training programs ensuring that employees at all levels can interact with data effectively. These programs are not one-size-fits-all but are adjusted to fit the various needs of different roles within the organization. The significance of support from executives and a culture that encourages continuous learning and adaptation are important themes. Furthermore, the issues of expanding such programs and measuring their return on investment are addressed, focusing on aligning data literacy initiatives with business objectives and nurturing a community of practice to maintain engagement.

Key Takeaways:

Data literacy programs are vital for organizational competitiveness and are adjusted to meet various employee needs.
Support from executives and top-down encouragement are important for the success of data literacy initiatives.
Customized learning pathways ensure that training is relevant and practical for different business roles.
Effective communication and internal promotion are essential to advocate data literacy programs.
Evaluating the success of data literacy programs involves both qualitative and quantitative methods.

Deep Dives

Data Literacy as a Strategic Necessity

Data li ...
Read More

teracy is acknowledged as an important component for businesses to stay competitive. As Simon Jury from Asda noted, "Data literacy is a strategic necessity for everyone in our business to have some level of expertise in if we're going to survive and compete." This sentiment is agreed upon across organizations that deal with large amounts of data daily. The ability to interpret and utilize data effectively allows employees to make informed decisions, ultimately benefiting the company's financial performance. Companies like Booking.com and Colgate-Palmolive have integrated data literacy into their strategic frameworks, ensuring that it is not only a skill but a fundamental aspect of their business operations.

Customized Training Programs

Each organization adjusts its training programs to meet the diverse needs of its employees. Denise Gronendahl-Lopez from Booking.com highlights the importance of aligning learning paths with career frameworks to ensure relevancy and engagement. Klee Pappas from Colgate-Palmolive emphasizes the need for role-specific training, stating, "Training has to be useful, which means it has to be customized." This approach ensures that employees receive training that enhances their specific roles, whether it be technical skills for data scientists or business-oriented skills for marketing teams, thereby maximizing the impact of the training programs.

Support from Executives and Culture of Learning

Support from executives is vital in driving data literacy initiatives. Klee Pappas shared an impactful story where Colgate-Palmolive's CEO took a data literacy course and publicly shared his experience, inspiring others to follow suit. This top-down approach encourages a culture of learning and sets a clear example that data literacy is valued at all levels. Moreover, creating a culture where learning is continuous and encouraged helps maintain momentum. As Denise Gronendahl-Lopez points out, nurturing a growth mindset among employees is important for the success of these programs.

Issues of Expanding and Measuring ROI

Expanding data literacy programs across large organizations presents several issues. Simon Jury mentions the importance of both top-down and bottom-up approaches to maintain engagement and accessibility. Determining what training to mandate versus what to offer as optional is an important decision that affects participation. Measuring the return on investment of these programs is complex, as it involves assessing both tangible outcomes, like increased customer loyalty, and intangible cultural shifts. Nevertheless, the overall sentiment is that when data literacy leads to more data-driven conversations and decision-making, the perceived value often outweighs the need for precise quantification.