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Samsung presentation at the Chief Data Officer Forum - Examining the role of the CDO and data executives around in America, Europe, Asia & Australia


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Welcome to Chief Data Officer Forums in Europe Asia USA Australia New Zealand

In recent years, there has been a significant rise in the appointments of Chief Data Officers (CDOs), in both the public and private sector. This is a result of data becoming an increasingly important strategic asset to businesses and public authorities. It is the CDO’s duty to manage this enterprise-wide data and ensure that it is utilised to drive revenue and new business opportunities and cut unnecessary costs. Essentially, to monetise data: to maximise efficiency, drive an increase in revenue and improve service to clients.

However, the position of the CDO is ill-defined, varied and even controversial. Although it is increasingly apparent that data-driven organisations outperform their competitors, the role of the CDO is still under development. The challenges and complexities faced by the new CDOs of this world are wide-ranging.

Not only is the CDO’s position within the C-Level chain of command varied per organisation and at times, ambiguous, they also face the difficulty of striking the balance between IT and business; technology and strategy. Moreover, CDOs are being readily challenged by the ability to keep data management costs low, whilst adhering to increasingly stringent regulatory demands. As well as producing results and analysis of value to their organisation, and getting their voices heard in the boardroom amid the web of C-Level executives and business politics.

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Samsung presentation at the Chief Data Officer Forum - Examining the role of the CDO and data executives around in America, Europe, Asia & Australia

  1. 1. The Three Vs Of A Successful Big Data Implementation Mark Ramsey, Ph.D.
  2. 2. Volume “From the dawn of civilization until 2003, humankind generated five exabytes of data. Now we produce five exabytes every two days ….. and the pace is accelerating.” Eric Schmidt, Executive Chairman, Google
  3. 3. Velocity “We have reached a tipping point in history: today more data is being manufactured by machines, servers, and cell phones, than by people” Michael E. Driscoll
  4. 4. Variety 35% of the world’s photographs end up on Facebook 48 hours of video are uploaded to YouTube every minute There are over 150 million blogs on the web
  5. 5. Value “Each of us now leaves a trail of digital exhaust. An infinite stream of phone records, texts, browser histories, GPS data, and other data that will live on forever” The Human Face of Big Data
  6. 6. Validity “Some insurance companies are now offering ‘find my teenager’ service as part of a tracking device that reports on the car’s location, acceleration, braking and distrance traveled” The Human Face of Big Data
  7. 7. Vitality “Fifty percent of all Fortune 500 companies will have CDOs by 2015, up from five percent in 2012” Russell Reynolds Associates
  8. 8. Summary Variety Velocity Volume Vitality Validity Value
  9. 9. Discusson Mark Ramsey, Ph.D.