
Chief data officer: the role leading business transformation
The chief data officer has become an important business leader, unlocking commercial value and influencing company strategy
According to Gartner’s research vice president Mario Faria, 90 per cent of large companies will have a chief data officer by the end of 2019 and 50 per cent of these CDOs will be seen to fail. The Future Chief Data Officer special report, published in The Times, explores the fine line CDOs must tread between innovation and maintaining customer trust, and the vital part they can play in a company, even as the scope of their role may remain largely undefined. Also featured are articles on how CDOs can analyse unstructured data, become ethical standard bearers and measure their success, as well as an infographic detailing the rise of the CDO's role
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The chief data officer has become an important business leader, unlocking commercial value and influencing company strategy
Some data can be hard to penetrate, but may hold valuable information that can be used to drive business growth
Setting targets and measuring the success of a chief data officer will depend on the nature and definition of their role within an organisation
The Cambridge Analytica scandal has raised the profile of chief data officers and the need for ethical business practices
Chief data officers need to focus on fundamental information quality and management, before attempting complex analytics or machine-learning
Need help with navigating the data industry? An ambitious young consultancy, Eden Smith, is positioning itself as the best guide
Acting on real-time data is ever more central to businesses’ strategies, finally elevating the role of chief data officer to one of all-encompassing responsibility
With data silos inhibiting the speed of conducting business and wasting resources, it falls to chief data officers to ensure traditional organisations are able to keep up with the fast-paced innovation of high-tech companies and startups, says Dr Ricardo Jimenez-Peris, founder and chief executive of LeanXcale