Executive Sponsorship is a vital component to any company’s successful execution of its strategy, through data-driven decision making and a sound data governance program.
Executive sponsors help executive teams, aspiring executive teams and executive leadership development professionals achieve their goals by providing guidance, direction, and motivation.
This benefits the entire organization, including senior executives and senior leaders who depend on executive sponsorship to help keep team members and upper management motivated and accountable to embrace a more data-driven organization.
In this blog, Mr. Egbert Irving, who is a Training and Development Specialist with over 20 years of experience in executive training, strategy development, and execution with leading Caribbean corporations, organizations, and government agencies, helps capture the idea behind an executive sponsorship.
It is the collective behaviors and beliefs of people who value, practice and encourage the use of data to improve everyday decision making.
Ensuring that your company is operating within a data-driven culture from the leadership level and throughout all other departments, can benefit employees, decision-makers and ultimately bring more value to the business.
Leaders who recognize, embrace, and promote the importance of implementing a data-driven culture to gain a competitive advantage.
They can also be called the data champions and become data stewards who build and foster a community through consistent communication, engagement, and support.
They also know they can achieve this through Incus 10-point Framework and Tableau.
THEY ESTABLISH BUSINESS PRIORITIES OR BUSINESS OBJECTIVES.
They set and communicate the vision for modern analytics, ensure projects are aligned to transformational initiatives, identify staff for project roles, and ensure accountability.
For this, the executive steering committee should have regular meetings around project scope, prioritization, success measurement, responses to gather feedback, and value documentation.
To succeed the team will need to understand current and future capabilities, challenges, and objectives.
Data and analytics as well as data visualization are critical to the ability to maintain business value today and sustain future success. Executive sponsorship and activism play a central role to achieve these ends.
IT Sponsors are responsible for Tableau installation, configuration, and maintenance, partner with business leaders and SMEs, enables secure governed data access, and transition content authoring to business users.
Analytics Sponsor implements the vision for modern analytics, ensure the availability of data and content, establish education plans and learning paths by organizational job functions, facilitate communication throughout the user community, and aggregate business value achieved.
Line of Business Sponsor advocates for data-driven decision-making within their respective teams, promotes content authoring and governed data access, encourages collaboration and sharing, and documents business value.
A data governance program is a process that aims to establish rules and regulations for an organization, as well as handle any data-related concerns that may arise. Furthermore, having this sort of program in the organizational structure helps with metadata management, maintaining data quality.
They make sure that the company’s policies are followed. They tell a firm who owns the data and who has authority to perform certain activities with it.
If you’re a data novice, start, or looking to get the most out of your existing data management, get into contact with Incus about their workshop or specific services.
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