What is Datapreneurship and why it matters to succeed as a Data Leader?

Excelling as a data leader has a lot to do about aspects of leadership and less about data expertise 

Leadership is an honor, a privilege and a deep obligation.

One of my all-time-favorite articles on leadership is that written by Jamie Dimon, CEO of JP Morgan Chase.

In it Mr. Dimon discusses several hallmarks of a good leader, and most importantly what stuck with me is his definition of leadership itself.

"Leadership is an honor, a privilege and a deep obligation. When leaders make mistakes, a lot of people can get hurt. Being true to oneself and avoiding self-deception are as important to a leader as having people to turn to for thoughtful, unbiased advice. I believe social intelligence and “emotional quotient,” or EQ, matter in management."

You can read the original article here:
The Essential Hallmarks of a Good Leader

What type of a leader are you?

DATAPRENEUR = DATA LEADER + INTRAPRENEUR 

If we were to take two leaders with identical background and put them in identical roles, within similar companies in the same industry, with same budget and authority, they both will deliver different results.


Why?


While all things remaining constant, what matters are not the resources available, but the resourcefulness of an individual. Their ability to think, connect the variables and come up with creative solutions to the problems and opportunities in their role is what differentiates leadership success. 


We know Entrepreneur is a person who organizes and manages a business with great initiative and takes risk in the process. But, who is an Intrapreneur?

Data Leader

Data leadership is a great opportunity to drive change and lead transformation. The complexity of the role and expectations are increasing as well. 

In today's scenario, within every company, data is the fabric that connects business functions, processes, parties, stakeholders and products.

If data is about the definition, identify, tagging, qualifying, or measurement of all interactions between actor, action and objects within the business context, to successfully lead and manage a data function, one must encompass the core data function itself.

Besides improving the leadership qualities, a data leader must focus on five core aspects to effectively lead with confidence, increase resourcefulness and manage the leverage equation.

  • Business/Technology: The functions, people, systems, and processes that create data and that consume data-driven insights
  • Data/Analytics: The functions, people, systems, and processes that manage data and help create metrics, analytics and inferences from it.
  • Governance/Controls: The functions, people, systems, and processes that establish the required safeguards and best practices to effectively and ethically run the company.
  • Strategic Process Innovation: The inherent drive and action to better everything from its current state and not fall for "Don't improve it if it ain't broken" complacency.
  • Organizational Design/Talent: The set-up of the functions, teams, and individuals with the right association, ability, authority, adaptability and band-width to effectively execute on vision.

Intrapreneur

An Intrapreneur is a person with similar creative urge, drive and passion and implements the ideas or initiatives within the organization he/she works for.

To be an Intrapreneur, more than focusing on innovation, a realistic focus on themselves as a leader is required. Primarily, this is around individual, company, and the people dynamics.

To grow as an Intrapreneur, you will find that increased emotional intelligence, people intelligence, organizational savviness, finance, budgeting, negotiation, contracts, planning, delegation, and other leadership skills become critical, in addition to your approach to work itself.

  • Individual: Strengths, short-comings, inspiration, spirit of work, and focus areas
  • Company: Culture, support, risk management, ability to embrace change, and missteps
  • People: Team, peers, manager, stakeholders and others

Why you need to be a Datapreneur?

Functioning as a Datapreneur broadens your capabilities, helps overcome limitations, and allows you to use the entire range of resources available across the organization to drive results. You transform into an outcome-focused leader.

  1. 1
    Leading with data is beyond data and business expertise and demands a different set of capabilities and thinking.
  2. 2
    What got you to where you are is not sufficient to guarantee success as a data leader. Your success will now be measured more in terms of influencing firm-wide change rather than creating localized change. 
  3. 3
    Depending on your career path, there are areas of strengths and blind-spots. What you don't know can hurt you more than the benefits from what you know. Collective team capabilities become important than individual strengths. 

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