How to Measure Success and Demonstrate ROI of Data Projects

11/15/23 • 12 min

In this episode, Brick and Caleb discuss how to demonstrate the value and return on investment (ROI) of data initiatives. They explore practical ways to quantify ROI, from automating manual effort to improving decision-making processes. Brick and Caleb also share real-world examples including the impact of increasing employee utilization on a company's bottom line.

They discuss the importance of measuring performance before and after the implementation of data projects, the potential pitfalls of "over reporting", and the power of simplicity in data analytics.

Click here to watch this episode on our YouTube channel.
Blue Margin increases enterprise value for PE-backed, mid-market companies by serving as their fractional data team. We advise on, build, and manage data platforms. Our strategy, proven with over 300 companies to-date, expands multiples through data transformation, as presented in our book, The Dashboard Effect.
Subscribe here to get more episodes of The Dashboard Effect podcast on your favorite podcast app.
Visit Blue Margin's library of additional BI resources.

They discuss the importance of measuring performance before and after the implementation of data projects, the potential pitfalls of "over reporting", and the power of simplicity in data analytics.

Previous Episode

Expert Insights Series - Bridging Data and Leadership: Advice on Bold Execution for Midmarket CEOs

In this Expert Insights Series episode, Jon Thompson hosts Karen Posey of KP Strategies to unpack the unique challenges and opportunities CEOs face in the realm of strategic planning and execution.
Karen shares insights from her extensive experience leading companies and advising CEOs on the best-practices for building strategic plans that are aligned to yearly operations and budgets, and the importance of organizational alignment for successful leadership, healthy culture, and business growth.
KP Strategies is a Denver-based CEO consultancy offering a 6-month CEO Accelerator program that gives business leaders the tools they need to lead with confidence. Visit their website for more information: www.kpstrategies.net
Read the interview highlights here: Bridging Data & Leadership: Advice on Bold Execution for Midmarket CEOs

Next Episode

Embracing Change: Use an Iterative Approach to Keep Your BI Relevant

(This week’s episode is a rerelease from earlier this year, and it’s just as relevant now as it was then.) Brick and Caleb highlight how constant evolution in the BI process is key to a data initiative’s success. They emphasize the need for flexibility and incorporating user feedback for continuous improvement. They discuss the inevitability of business evolution and how BI reports must be updated to meet those evolving needs. Listen to learn why an iterative approach isn't just beneficial—it's essential for keeping up with the dynamic nature of business data and decision-making.

Did you know we have 100+ episodes available in our resource library? Check them all out here.

Click here to watch this episode on our YouTube channel.
Blue Margin increases enterprise value for PE-backed, mid-market companies by building and managing their data platforms. Our strategy, proven with over 250 companies to-date, expands multiples through data transformation, as presented in our book, The Dashboard Effect.
Subscribe here to get more episodes of The Dashboard Effect podcast on your favorite podcast app.
Visit Blue Margin's library of additional BI resources.