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VISA Presentation at the Chief Data Officer Forum - Examining the role of the Chief Data Officer

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Welcome to Chief Data Officer 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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VISA Presentation at the Chief Data Officer Forum - Examining the role of the Chief Data Officer

  1. 1. IBM CDO Summit April 16, 2015 Philippe De Smedt Chief Data Architect Visa Inc.
  2. 2. 2 | CDO Summit | April 16 , 2015 Best Practices and Approaches to Innovative Data Governance – Panel Intro Remarks Keys to Effective Data Governance: • Business drives it • IT enables and supports it • Executive management sponsors it
  3. 3. 3 | CDO Summit | April 16 , 2015 Best Practices and Approaches to Innovative Data Governance – Panel Intro Remarks (cont’d) Data Ownership – Setting Clear Boundaries: • Identify and conceptually model key Subject Areas (SA) that require Data Governance • Identify Data Stewards for each SA, from the Business, who have ultimate ownership over the data • Identify Data Architects in IT who understand how/where data is stored for a particular SA
  4. 4. 4 | CDO Summit | April 16 , 2015 Best Practices and Approaches to Innovative Data Governance – Panel Intro Remarks (cont’d) Building a Data Management / Governance Practice: • Enlist executive support • Gather business requirements for governance of data by Subject Area (SA) • Align IT around management of enterprise data, by SA • Business and IT jointly define data governance processes and structures

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