Why being #DataFirst makes for a great return on investment(RoI)?


At CAPIOT we have been advocating leveraging the #DataFirst approach for sometime now. We often get questioned by stakeholders on how being data-first helps deliver better RoI for digital initiatives across the enterprise.  

In this post, we focus on how decision-makers can calculate the return on investment (RoI) of data-first approaches. We examine two different scenarios and demonstrate the cost savings generated from data service platforms, owing to the advantages of reusability and easy maintenance.

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Data-first: A CFO’s ally


As technology pervades every business function, it brings with it a fusion of roles among C-suite leadership. IT, which was once the exclusive domain of CTOs, now attracts a CFO’s interest. 

Cognizant of how important data is for their daily activities – from financial reporting, planning, and forecasting to strategic business problem-solving – CFOs are raring to invest in new technologies that will deliver real-time insights so they can make better decisions, faster. The 2019 CFO Survey Report by Grant Thornton predicts that, “[CFOs] will focus on pragmatic and targeted technology implementations that can be measured and monitored for results and value.” However, with a slew of new products on the market, how do they know what to choose and invest in? And, how do they articulate the long-term value of these IT investments?

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