The role of the chief data officer is rising in both numbers and clout. Gartner Groups new study on The State of the Office of the CDO examines what this means for both the organization and the individual.
Early CDO Adopters Pioneer Change
Early adopters of the chief data officer role and the office of the CDO are pioneering a new organizational function alongside IT, business operations, HR and finance, according to the new study Second Gartner CDO Survey The State of the Office of the CDO. According to the report, data and analytics leaders can use the findings to successfully drive digital business transformation in their enterprises. The report is written by Gartner analysts Jamie Popkin, Valerie A. Logan, Debra Logan, and Mario Faria.
Woe to the Organization without a CDO
Data- and analytics-related crises will continue to plague enterprises that do not implement the chief data officer (CDO) role and the office of the CDO.
The CDO as Bridge Builder
CDO early adopters have developed positive working relationships between IT and the office of the CDO.
Data Analytics Capability Spells Opportunity
Organizations with a strong competency in building new data and analytics capabilities will be able to achieve high levels of maturity for their office of the CDO.
The CDO as Driver of Revenue Creation
The creation of a CDO role and the office of the CDO are strategic decisions to drive new solutions and value creation/revenue generation.
CDOs Should Build Around This New Function
Recommendations for data and analytics leaders include: Build the appropriate enterprise-wide focus around creating this new business function, in order to speed value realization.
Develop New Data and Analytics Capabilities
Develop your organization's competency at creating new data and analytics capabilities so that you can capitalize on digital business opportunities.
Never Waste a Good Crisis
Never waste a "crisis" as a way to create momentum for business change, because transformational energy can be a scarce resource.