Who drives the big data and AI strategy at your company? Surveys show that many of the biggest and most analytically advanced companies are increasingly turning to chief data officers (CDOs) for leadership and guidance of these strategic initiatives. However, CDOs face several challenges when it comes to succeeding at the job.
When the CDO role started to gain traction in the early 2000s (Capital One is said to have had the first one, back in 2002), CDOs were largely responsible for defensive aspects of the data, such as ensuring the security, privacy, and accuracy of the data. Minimizing risk and keeping mistakes at bay were the main focuses of the CDO. However, as more firms added CDOs and the tech landscape evolved, CDOs are increasingly finding themselves moving up the stack and having a greater say in how to shape the pointy end of the back data stick.
Author: Alex Woodie