Data literacy is a key enabler of the value and impact from data. How are you approaching this within your organisation?
I could not agree more. I have a direct reporting function in my current role that is responsible for improving the engagement with, adoption of, and impact from data across the organisation.
Since I joined the FT last year, we have launched two key initiatives. Firstly, a Metrics that Matter initiative to define and embed a metrics framework within each of our key business functions that ties back to our company North Star. This is a great mechanism for encouraging all parts of the business to think about their end outcomes, the drivers of these, and how data can help both track and inform these outcomes going forwards.
Secondly, last autumn we launched our first Data Academy with workshop-style and downloadable content across subjects as broad as data storytelling, how to use Looker (our BI tool) and an introduction to generative AI. This had over 700 bookings in its first month with over 200 employees having already attended training in some form within that time. It has been a huge success.
The next initiative in flight aims to embed a process for valuing the analytics that we perform – whether this is producing a dashboard, a deep-dive piece of strategic analytics or operationalising a data science model. This in turn will be used to help the business (and us) understand where the big value drivers are and to better prioritise our efforts and investments.