72:
the team members and activities performed, the stakeholder values and understanding customer needs. Some responsibilities include governance, advising & monitoring enterprise data. In terms of operations, it means enabling data usability along with efficiency and availability. They have to innovate which means driving the business towards digital transformation innovation, cost reduction, and revenue generation. Their role is also to provide supporting analytics with reports on products, customers, operations, and markets. They need to protect the data and eliminate data territorialism while also promoting data ethics.
112:, etc.), it is necessary to have a high-level individual, who possesses a combination of business knowledge, technical skills, and people skills, guide data strategy. Besides the revenue opportunities, acquisition strategy, and customer data policies, the chief data officer is charged with explaining the strategic value of data and its important role as a business asset and revenue driver to executives, employees, and customers. This contrasts with the older view of data systems as mere
245:. The goal is to reduce the analytic cycle time while also reducing the number of data errors. The liability reduces and gives space to more opportunities and creates a competitive edge. The CDOs find it critical to keep up to date with governance regulations as there are different types of data with various locations. The data-centric laws keep on updating and CDOs should be updated with the laws in the market in which the organization operates and gathers data.
236:
the chief data officers demonstrated that navigating the changing situation is important. Businesses need to adapt and innovate in order to continue maintaining profits and survive. Laying out a roadmap is necessity during any disruptions in the business world as the environment changes. The trend is
92:
and data processing to the fundamental functioning of everyday business, this role has become more visible and crucial. This role includes defining strategic priorities for the company in the area of data systems and opportunities, identifying new business opportunities pertaining to data, optimizing
71:
through which data is stored and processed. A chief data officer's purpose is to connect the technological results to the needed business results. Various other roles entail having an understanding of the business value. It means using data to derive business outcomes. It can be achieved by knowing
127:
or serving the role of CSO in lieu of one. This person has the responsibility of measuring along various business lines and consequently defining the strategy for the next growth opportunities, product offerings, markets to pursue, competitors to look at etc. This is seen in organizations like
46:
Recently, countries like Canada, Estonia, France, Spain and the United States have established this position of Chief Data
Officer. There are ongoing efforts advocating for this role to be more prevalent within government structures to oversee the data strategy and ecosystem of the respective
59:, but the two are not the same job. The chief data officer has a significant measure of business responsibility for determining what kinds of information the enterprise will choose to capture, retain and exploit and for what purposes. However, the similar-sounding
80:
The role of manager for data processing was not elevated to that of senior management prior to the 1980s. As organizations have recognized the importance of information technology as well as
43:(CEO), although depending on the area of expertise this can vary. The CDO is a member of the executive management team and manager of enterprise-wide data processing and data mining.
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in London from 2013 to 2016. He showed how the role can generate value by creating a $ 500 million new revenue source based on behavioral
Targeting of Ads for
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Following the 2008 credit crisis, many major banks and insurance companies created the CDO role to ensure data quality and transparency for regulatory and
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to maximise the business opportunities and innovate. In 2020, the chief data officers worked closely with other executives and focus more on
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as well as analytic reporting. CDOs were originally appointed to focus more executive attention outside the traditional compass of the
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140:. The role of CDOs is broadly accepted in 2019, 67.9% of major companies reported to have appointed a CDO, up from 12.0% in 2012.
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revenue generation through data, and generally representing data as a strategic business asset at the executive table.
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498:"Intuit's CEO on the $ 7.1 billion Credit Karma acquisition, reorienting toward A.I., and reskilling workers"
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Earley, S. (2017). The Role of the Chief Data
Officer: Managing Expectations. IT Professional, 19(3), 66–69.
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the chief data officer is sometimes looked upon as the key strategy person either reporting to the
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264:"Spain appoints first Chief Data Officer, vows to promote construction of digital infrastructure"
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Thielens, J. (2016). Chief data officers: the new oil barons. Information Today, 33(5), 18.
100:(SOA), large-scale system integration, and heterogeneous data storage/exchange mechanisms (
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responsible for enterprise-wide governance and utilization of information as an asset, via
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Unlocking the Public Sector
Potential: The Crucial Role of Government Chief Data Officers
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424:"The Power of Data to Know the World, to Improve the World, and to Change the World"
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451:"NIH Names Dr. Philip E. Bourne First Associate Director for Data Science"
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39:, information trading and other means. CDOs usually report to the
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Usama Fayyad, chief data officer and senior vice president of
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55:
The chief data officer title shares its abbreviation with the
533:"10 chief data officer trends that are reshaping the role"
346:"Chief Data Officers Struggle To Make A Business Impact"
949:
908:
852:
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385:Piatetsky-Shapiro, Gregory (24 October 2005).
176:is associate director for data science at the
569:
8:
972:List of business and finance abbreviations
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562:
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472:"» Usama Fayyad Chief Data Officer Europe"
286:Karla Yee Amezaga, Supheakmungkol Sarin, "
16:Top information processor in a corporation
153:was appointed chief data officer in 2002.
254:
220:Industry and geographic trends in CDOs
305:"Accueil - Big Data et AI Paris 2022"
7:
333:https://doi.org/10.1109/MITP.2017.49
119:More recently, with the adoption of
372:"Return of the Chief Data Officer"
14:
262:Lima, João Marques (2021-07-21).
189:in 2004-2009 and also the CDO of
65:chief digital information officer
370:Gohring, Nancy (12 March 2014).
237:to optimise the use of applied
98:service-oriented architectures
1:
422:Grey, Dan (14 October 2015).
387:"Interview with Usama Fayyad"
203:is the chief data officer of
178:National Institutes of Health
156:Sanket doshi , CDO of Oracle
1034:
230:chief information officer
895:Representative director
209:artificial intelligence
41:chief executive officer
1008:Management occupations
967:Executive compensation
885:Non-executive director
185:was the first CDO for
149:Cathryne Clay Doss of
144:Early CDO appointments
125:chief strategy officer
90:master data management
82:business intelligence
76:History and evolution
61:chief digital officer
57:chief digital officer
962:Corporate governance
909:Mid-level executives
870:Development director
719:Information security
168:Notable example CDOs
292:UN World Data Forum
957:Board of directors
880:Executive director
537:TechTarget Network
232:(CIO). During the
21:Chief Data Officer
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994:
987:Talent management
982:Supervisory board
977:Senior management
865:Creative director
853:Senior executives
234:COVID-19 pandemic
96:With the rise in
29:corporate officer
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1013:Corporate titles
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307:. Archived from
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201:Ashok Srivastava
86:data integration
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478:on 2016-05-06
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476:the original
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453:. 2015-08-10
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309:the original
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183:Usama Fayyad
121:data science
118:
116:IT systems.
95:
79:
68:
54:
45:
35:, analysis,
24:
20:
18:
860:Chairperson
779:Procurement
714:Information
435:21 December
407:25 December
151:Capital One
37:data mining
1002:Categories
931:Supervisor
834:Technology
764:Networking
729:Investment
724:Innovation
689:Experience
649:Compliance
639:Commercial
619:Automation
542:7 November
507:24 January
482:2016-07-16
457:2016-07-16
429:Dataconomy
394:Newsletter
355:7 November
318:2014-05-21
273:2023-09-02
249:References
243:automation
890:President
839:Visionary
819:Solutions
769:Operating
749:Marketing
734:Knowledge
704:Happiness
694:Financial
684:Executive
679:Diversity
609:Analytics
402:KDnuggets
398:KDnuggets
392:KDnuggets
239:analytics
102:databases
47:nations.
824:Strategy
814:Security
789:Research
739:Learning
659:Creative
629:Business
207:leading
197:in 2008.
191:Barclays
163:in 2005.
138:Fidelity
134:AllState
114:back-end
941:Foreman
916:Manager
809:Science
799:Revenue
784:Product
774:Privacy
754:Medical
674:Digital
654:Content
634:Channel
502:Fortune
130:Chartis
69:systems
27:) is a
699:Gaming
669:Design
350:Forbes
205:Intuit
195:Yahoo!
187:Yahoo!
161:Yahoo!
744:Legal
624:Brand
614:Audit
312:(PDF)
804:Risk
664:Data
544:2020
509:2021
437:2015
409:2010
357:2020
294:2023
211:and
136:and
844:Web
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110:EDI
106:XML
63:or
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