Mumbai, Nov 11: Gartner, second annual chief data officer (CDO), survey has found that early adopters of the CDO role and the office of the CDO (OCDO) are pioneering a new organizational function, to go alongside IT, business
operations, HR and finance. Thirty percent of the surveyed CDOs said they report directly to the CEO. CDOs are adding to the competitiveness of their companies by contributing to strategic planning and decision making, and by leading digital business initiatives.
Next come responsibilities for defining the analytics strategy for the organization and ensuring information reliability and value (64 percent each). As the use of data and analytics continues to rise, data and analytics-related crises will continue to plague businesses that fail to implement the CDO role and an OCDO. The board’s involvement, together with the responses pointing to a specific crisis
or problem, the role of CEO or CFO to take proper measure on safety to assume that this was a major strategic decision that affected business operating models.
“The office of the CDO is being established as an operational department with the appropriate staffing, budget and responsibilities,” said Debra Logan vice president.
CDOs Are Responsible for Creating and Integrating Enterprise Data and Analytics Capabilities. The OCDO accommodates a wide range of roles emphasizing data and information management, data quality, business analytics and information architecture. “Most CDOs said that their role will focus on responsibilities,” said Mario Faria a managing vice president
The CDO’s Relationship With IT Leaders said they have developed positive working relationships with IT leaders.”Strategy development, decision-making power and funding will be sources of contention between IT leaders and the OCDO as the
role of the CDO becomes more broadly established.”