| |January 20218he CDO was born as an attempt to create a bridge between functional leaders who need information in real time and the IT department. In a perfect world, functional business leaders (Sales Ops, HR, marketing) want to be the masters of their information. The CDO would investigate platforms and security, and would then create an environment to allow for each individual functional user to access the information that they need. Organizations may build their businesses on data, but they don't necessarily manage it well. That's why Chief Data Officers (CDO) can play a valuable role in helping the organization value its data across the enterprise. Chief Data Officer Responsibilities:· Thorough understanding of the business and data strategy.· Designing and implementing data strategies and systems.· Lead, motivate and manage large technical teams.· Overseeing the collection, storage, management, quality and protection of data.· Implementing data privacy policies and complying with data protection regulations.· Determine where to cut costs and increase revenue based on insights derived from data.· Effectively communicate the status, value, and importance of data collection to executive members and staff.· Knowledge of relevant applications, big data solutions, and tools.That data might be customer data, data gathered from Internet of Things sensors, social media, structured, or unstructured data; anything that the organisation gathers itself of buys in from elsewhere. The CDO must ensure the data is secured and maintained, but the role is not simply about deciding the technical aspects, like whether the information should be held in a data warehouse or a data lake or master data management.Objectives and Responsibilities of the Chief Data OfficerStrategy: The Chief Data Officer plays a leading strategic role where he defines and oversees how the business captures, maintains, and applies data and information in order to support key business processes. Leadership/Supervisory Role: The Chief Data Officer is in charge of overseeing the larger Data and Analytics department. This is inclusive of the Data Analytics and Data Science departments. He will oversee the development of new data analytics capabilities across the business and manage on-going comprehensive data analytics.Analytics: The Chief Data Officer plays an analytical role where he defines and drives all analytics and business intelligence initiatives in the Data and Analytics department. The Chief Data Officer defines CHIEF DATA OFFICER IN DEMAND (A LEADER WHO CREATES BUSINESS VALUE FROM DATA) expert opinionBy Ashwin Prajapati, Group CIO at Symphony LimitedT
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