How do you turn technical skill into business value?

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One thing I think engineers learn later than they should: Being technically strong is not the same as being valuable to the business. You can build APIs, design databases, improve architecture, and write clean code. But eventually someone has to connect that work to: - revenue, - cost, - risk, - speed, - reliability, - or customer experience. I’ve been thinking more about this lately because writing the code is becoming less of the differentiator. The harder skill is understanding why the thing should be built, what tradeoff you’re making, and what outcome the business actually cares about. For engineers here: What helped you get better at connecting technical decisions to business impact?
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I'm not a techie, but I think the way to connect your value to a business is to understand what you bring to the business that no one else does.

Can you code in a different programming language that no one else does?
Have you been at the company longer and can, therefore, train up newer people when the boss doesn't have time to?

Can you apply an existing skill in a different way?

If you can tie anything to how your skills generates revenue for the business or helps them save money, that's also crucial.