Business value and ROI: a help or hindrance?

Podcasts

12 Sep

“The Power of Storytelling and Data Points” on the Ecosystems Show

Is the business value toolkit simply “another tool” attempting to explain away a leader’s decision-making in some quantifiable fashion; freeing them from the responsibility of taking action in the absence of data?

Or, does it provide a true measurement of impact, helping IT tell a compelling story of ROI? Aligning with the organization’s concepts of what “true value” means to them?

The conversation covers various topics, including the Business Value Toolkit, challenges in quantifying business value, and tools for measuring the impact of the Power Platform. Ana, Chris, William, Andrew, and Mark discuss the limitations of traditional ROI calculations and the importance of demonstrating financial impact. They also explore the role of governance boards in AI implementations and the difficulties in assessing value in tech projects. Wrapping up with a light hearted discussion on anniversary gifts, they emphasize the importance of storytelling, data-driven insights, and the strategic use of business value assessments.

What You Will Learn:

The Introduction to the Business Value Toolkit provides a way to measure the impact of the Power Platform within an organization.
Traditional ROI calculations may not capture the full financial impact of solutions and the value they bring.
Demonstrating the business value of technology projects is important for securing budget and support from senior leadership.
Governance boards play a role in ensuring the success and compliance of AI implementations.
Assessing and quantifying business value can be challenging, especially in complex technology projects.
Choosing thoughtful and useful gifts for anniversaries can show appreciation and thoughtfulness. Measuring and articulating the value of technology solutions is crucial for demonstrating their impact and effectiveness.
Storytelling and using data points can help convey the benefits of technology solutions and drive further adoption.
Tools like business value assessment can assist organizations in quantifying the value of their technology investments.
Strategic judgments should be based on more than just data, and organizations should not hide behind a lack of data to avoid making decisions.
Upcoming content and courses will cover topics such as scaling enterprise cloud, ecosystem-oriented architecture, and AI strategies.

Support the show @ https://www.buymeacoffee.com/nz365guy.