S4 | Ep 22 | Why Would You Value Your Data like a Balance-Sheet Asset? with Simon Ferriter, CEO at Anmut

In Episode 22, of Season 4, of Driven by Data: The Podcast, Kyle Winterbottom is joined by Simon Ferriter, CEO at Anmut , where they discuss why organisations are valuing their data like other balance sheet assets, which includes;The framework for measuring the value and fitness for purpose of your most important data The role of capital allocation in data assets How most organisations don’t understand which data assets are important to success If data teams lack the business/management acumen to communicate data effectively Why data isn’t treated or managed like other resources and assets in an organisation Not all data has equal importance to decision-making Why the 80-20 rule is likely in play when it comes to dataWhy data valuation is completely context-dependentThe three financial methods for valuing data The importance of social impacts of data (environmental and community)The benefit of putting a financial figure on the value of data assets Why semantics around language are causing confusion Why the financial figure isn’t the end result, it’s what that allows you to do from there Why data valuation drives improved "value"Knowing which data asset is important for which business opportunities Why valuing your data captures the attention of the board and makes it their issue too The under-investment in data management capability and the overinvestment in technology Why the problem statements are fairly universal across industries and organisations Why complexity means intangible assets are overlooked and often undervalued Why accounting standards are no longer fit for purpose in the digital age of today If data should be on the balance sheet Investing in the upstream business process to prevent the need for new tools The benefits that organisations are seeing from valuing their data assets Why Anmut launched a product to help organisations to self-serve on this process