With the establishing of CDOs (Chief Data Officers) and other senior data professionals in top management, large organizations are changing their approach to data management. CDOs are now the driving force behind innovation and differentiation. They are in charge of revolutionizing existing business models, improving the communication of the company with the target audience, and revealing new opportunities to improve business performance. Their position in the company is relatively new, but it is quickly becoming mainstream. According to Gartner, by 2019 CDO position will be present in 90% of large organizations, but only half of them will manage to succeed. In addition to personal qualities, understanding the responsibilities, and awareness of the obstacles they might encounter, there is one more important thing that the company should do to unlock CDOs potential. Firms should consider branching the IT department into “I” and “T” separately, and CDOs should take the lead in the new group that is responsible for information management.
The CDO role will grow extensively....
With the establishing of CDOs (Chief Data Officers) and other senior data professionals in top management, large organizations are changing their approach to data management. CDOs are now the driving force behind innovation and differentiation. They are in charge of revolutionizing existing business models, improving the communication of the company with the target audience, and revealing new opportunities to improve business performance. Their position in the company is relatively new, but it is quickly becoming mainstream. According to Gartner, by 2019 CDO position will be present in 90% of large organizations, but only half of them will manage to succeed. In addition to personal qualities, understanding the responsibilities, and awareness of the obstacles they might encounter, there is one more important thing that the company should do to unlock CDOs potential. Firms should consider branching the IT department into “I” and “T” separately, and CDOs should take the lead in the new group that is responsible for information management.
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