A new breed of executive, the chief data officer (CDO), is emerging as a key leader in the organization. We provide a three-dimensional cubic framework.

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Presentation transcript:

A new breed of executive, the chief data officer (CDO), is emerging as a key leader in the organization. We provide a three-dimensional cubic framework that describes the role of the CDO.

Agenda The Need for a Chief Data Officer Emergence of Chief Data Officers The Three Dimensions of the CDO Role CDO Role Profiles Example of the Evolution of the CDO Role Guidelines for Using the Cubic Framework

The Need for a Chief Data Officer 1/2 Companies expect that big data, with its focus on volume, velocity, variety, veracity, and value, will be a powerful strategic resource for uncovering unforeseen patterns and developing sharper insights about customers, businesses, markets and environments. Organizations need to determine who should manage big data.

The Need for a Chief Data Officer 2/2 To address the challenges and opportunities of big data, leading organizations have established a new breed of executive, the chief data officer (CDO). Wikipedia describes the CDO role as including “… defining strategic priorities for the company in the area of data systems, identifying new business opportunities pertaining to data, optimizing revenue generation through data, and generally representing data as a strategic business asset at the executive table.”

Agenda The Need for a Chief Data Officer Emergence of Chief Data Officers The Three Dimensions of the CDO Role CDO Role Profiles Example of the Evolution of the CDO Role Guidelines for Using the Cubic Framework

Emergence of Chief Data Officers Data problems are often fundamentally business problems. Traditionally, organizations started to address data problems by assigning a small group within the IT department to clean up data. It has become evident that data problems, particularly business problems rooted in data problems, cannot be solved by the IT group alone, thus organizations started to appoint data managers, data-governance mechanisms, and even enterprise and data architecture. Despite these efforts, organizations have continued to face data issues, and their ongoing concerns have led a growing number to establish an enterprise-level, executive-rank CDO.

Agenda The Need for a Chief Data Officer Emergence of Chief Data Officers The Three Dimensions of the CDO Role CDO Role Profiles Example of the Evolution of the CDO Role Guidelines for Using the Cubic Framework

Three CDO Dimensions

Agenda The Need for a Chief Data Officer Emergence of Chief Data Officers The Three Dimensions of the CDO Role CDO Role Profiles Example of the Evolution of the CDO Role Guidelines for Using the Cubic Framework

The Eight CDO Roles

Agenda The Need for a Chief Data Officer Emergence of Chief Data Officers The Three Dimensions of the CDO Role CDO Role Profiles Example of the Evolution of the CDO Role Guidelines for Using the Cubic Framework

CDO Role Evolution

Agenda The Need for a Chief Data Officer Emergence of Chief Data Officers The Three Dimensions of the CDO Role CDO Role Profiles Example of the Evolution of the CDO Role Guidelines for Using the Cubic Framework

Guidelines for Using the Cubic Framework Assess the current status of your organization’s data-related business practices (based on the three dimensions of the CDO cube) Determine the CDO role profile needed for your organization (based on the eight roles described), and whether an executive-level CDO is required to fulfill these needs Strategize the likely path for the CDO based on a projection of organizational future needs.

Example Assessment of CDO Role Based on the Cubic Framework 1/3

Example Assessment of CDO Role Based on the Cubic Framework 2/3

Example Assessment of CDO Role Based on the Cubic Framework 3/3