Data is a company’s most important asset, so why aren’t more companies turning their analytics departments into profit centers? In today’s episode my guest took this concept to the next level by bringing a dedicated accountant on staff to manage their analytics profit center. When Derrick Louis says he is focused on the bottom line, he means it! Previously the Executive Director of IT at RaceTrac Petroleum, Derrick currently heads up IT at Cumberland Farms/EG America. As a business-driven IT leader, he harnesses the power of technology, people, and innovation to combat rising costs, create nimble organizations, and drive scalable growth.
In today’s conversation, Derrick shares some practical tips and advice that will inspire you to think differently about how you work with your customers, especially when it comes to being financially responsible. We touch on why you should be quantifying how your analytics team work adds to your bottom line, how to know when it’s time to become a profit center, and the value of keeping track of every dollar you save your org by bringing an accountant in, and so much more! For data leaders that are struggling to show their value to their org or aren’t sure where to start on creating a profit center, this episode is for you!
This exciting episode of AoF is sponsored by our BI Brainz Academy… we’re offering a special promotion only to AoF listeners to gain first access to our BI Data Storytelling online course and Accelerator recordings (for the first event). Just use code ‘aof2022’ on check out! Get immediate access now!