In Episode 5 of the Acceleration Economy Minute, Kieron Allen describes executive buy-in and how business leaders can convince C-Suite executives to be on board.
Highlights
00:35 — Celonis makes executive buy-in appealing to C-Suite members, for example, because of its rapid response, which is made possible through its process mining platforms. The data and results users receive from said platforms are instantaneous.
01:00 — To achieve data-driven transformation, organizations need boardroom support. Acceleration Economy analyst Wayne Sadin suggests a few key ways to achieve this.
01:21 — Educating executives about the evolution, transformation, and the power of reducing technical debt are important points to bring to the attention of boardroom members. Data value is very much connected to reducing the amount of expenditure in various systems.
01:43 — Evolving data technologies yield greater results. Executive members want to know about return on investment (ROI). With data technologies, it is almost impossible to show this at the beginning of a procedure. There are a few steps one can take to help demonstrate the potential ROI of data technologies:
- Adoption of data technology
- Proven success of data technology
03:02 — Additionally, companies must carry out regular data maturity assessments to demonstrate how the implementation of new data technologies is increasing data maturity and will yield better results; data maturity collates to better results. If one can demonstrate rising maturity levels of data, it will lead to easier executive buy-in.
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