Data and your board

 
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Harness change for your advantage

Digital is rapidly transforming business models; organisations who place data at the core of their decision making will succeed.

 

Less than 50% of data is used in making decisions. 70% of employees have access to data they should not. Data breaches are common, rogue data propagates in silos, data technology isn’t up to the demand.
— Harvard Business review
Majority (83%) of those polled say their firms have used data to make products or services more profitable
— The Economist

LIRIO solutions - take the lead

  • Quick learn - immediate insights from a one day session; including 8 things a board needs to understand about data

  • Understand - take a deeper dive into your hot priorities, challenges and opportunities; set your organisation up for success

  • Transform - coaching for data driven organisational impact; get your values, culture, skill sets and technology facing the same direction


 
 
 

LIRIO founder Lil Bianchi can also bring data expertise to your board as a non executive director.

 

 

8 things you need to know about data

1 Digital can be complex but you are not alone

Access to unlimited digital information means doing your homework - but how data literate do you need to be and what is important?

2 Values are fundamental

Data touches everything. Define your values around clients, employees and stakeholders - to enhance your reputation.

3 Embrace change, embrace your customers

Digital is changing everything with tremendous opportunities to build value, productivity and trust. Remember to focus on customers.

4 Disruption, you have choices

Not every organisation will head the disruption charge. You have choices and should spend wisely - just don’t become a laggard. Getting your strategy right is crucial.

 
 

5 Data is a valuable asset

What’s the value of your data assets? Are you a good custodian of data? How can you sweat your data assets and build new insights, products, and partnership?

6 Culture is critical

Tone from the top - are board and executive decisions informed by data insights? Is the board digital enabled? Are you digital champions?

7 You need talent

Talent, capacity and capability. Check out skills in your organisation, build new skills, dig into your partners and suppliers.

8 Execute and learn

Metrics are essential. Don’t keep making the same digital transformation mistakes. Use data to monitor execution, adjust the plan, and learn from the experience.