CDO is becoming a vital role in many companies. In 2012 Harvard Business Review named Chief Data Scientist as the ‘sexiest job of the 21st Century’, and Gartner has predicted that 25% of organizations will have a Chief Digital Officer by 2017. Are these indications that business leaders of all shapes & sizes recognize that all things connect digitally?
A CDO provides vision and strategy for all data management activities and is responsible for digital quality control and managing digital vendor relationships across an organization. Metrics of this operation are reported on and provided to CEO/CFO/CIO to summarize clearly the health and benefit of digital systems that businesses depend on. CDO provides owners with the Big Picture.
The CDO is able to maximize quality of data and digital systems through continual root cause assessment as day to day issues arise. While employees encounter system crashes, errors and nuances directly; a CDO is able to identify patterns and commonalities across isolated incidents. This enables high level decisions and changes that PREVENT OR AVOID system and/or end-user errors that would have resulted in productivity loss and potentially bad data.
Standardization. The only way to manage the fast paced evolution of technology is though standardization of systems and policies in real-time. Staying in tune with a company’s vision, constraints, and culture is critical to leveraging technology as a tool rather than a hindrance. Lest we become buried in the bureaucracy of our digital systems.
Navigate and succeed in mastering unstructured data. Social media, email, transactional records, images, video, and media are very real aspects of any businesses digital day. But they don’t necessarily compute on a one-to-one basis very well. Understanding how to implement, manage, store, and report on very different technology models is crucial to a successful CDO and ultimately a company’s digital health.
Master of all things Digital. A CDO begins to shine as the technology they manage begins to benefit people in quantifiable ways. Decision makers who have quick access to accurate information, and weary employees who begin to experience mundane, time consuming tasks becoming automated become a CDO’s greatest advocators.