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The CDO role will grow extensively

The CDO role will grow extensively

 
The Chief Data Officers (CDOs) and other senior data professionals are getting more involved in the top management of large organizations changing their approach to data management. CDOs are the driving force behind the innovation and differentiation: they revolutionize the existing business models, improve the corporate communication with the target audience, and explore new opportunities to improve the business performance. Although this position is quite new, it is getting mainstream. According to Gartner, by 2019 CDO positions will be present in 90% of large organizations, but only half of them will actually succeed. Strong personal qualities, understanding of the responsibilities and potential obstacles are considered crucial to achieving success, yet there is another important step to unlock the full CDO’s potential. Firms should consider branching the IT department into the “I” and “T” separately, and CDOs should take the lead in the new group responsible for the information management.

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