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C- suite role, Main responsibilities are:
Data Strategy,
Democratisation of data,
Effective use of data as a business tool...
• Gartner's latest CDO predictions:
- 90% of large organisations will have a Chief Data Officer role by 2019.
- 50% of reg...
The Chief Data Officer Vs. “similar” C Suite Roles
How think/What do
with Data
Business responsibility
for determining wha...
The Role of Chief Data Officer in Business Transformation
Change, of course, is
growth, and anything
that is not growing i...
Established Route:
Technology Driven Transformation
The Role of Chief Data Officer in Business Transformation
Data:
The river That Runs Through Your Business
The Role of Chief Data Officer in Business Transformation
ANALYTICS
Descriptive
Predictive
Prescriptive
Data Based Strategic Streams
“How we are using data tools
and our business k...
Basic
(operational)
Reports
Benchmarks,
Evaluation &
Interpretation
REPORTING
Data Based Strategic Streams
“How we are usi...
NEW T.O.M. for Business
Transformation
MEASUREMENT
ANALYTICS
DATA CULTURE
GOVERNANCE
DATA STRATEGY
DEMOCRATISATION OF DATA...
• Don’t expect a single definition – there are lots out there!
• Best One: - “Data Governance is the practice of organisin...
Data Governance – Why need it?
• Enable “better” decision making
• Increase income opportunities
• Reduce operational cost...
Data Governance – Why me?
• You need............ Someone with a lot of prior knowledge and experience of the
design & impl...
Evolving Route: Adding CDO to Your
Business Transformation
1 2 3 4
SPECIFIC
PROJECTS
PRE CDO
PREP
FINDING A
CDO
WORKING
WI...
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Chief Data Officer’s role in Business Transformation

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Laudale hosted the Chief Data Officer’s role in Business Transformation breakfast Event on Tuesday 17th January, presented by Julie Screech, Chief Data Officer and Andrew Sharp, Data Strategy Lead at Shop Direct.

Published in: Technology
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Chief Data Officer’s role in Business Transformation

  1. 1. C- suite role, Main responsibilities are: Data Strategy, Democratisation of data, Effective use of data as a business tool, Stakeholder management, Governance, Process, and Data Management, Strategy and Implementation of Data Initiatives “ Responsible for what data means, and how we use it Pan Enterprise, to support and grow every aspect of the business” Introducing The Chief Data Officer The Role of Chief Data Officer in Business Transformation
  2. 2. • Gartner's latest CDO predictions: - 90% of large organisations will have a Chief Data Officer role by 2019. - 50% of regulated companies will require CDO role by 2017 - 15% of CDOs will move to CEO roles by 2020 - 50% of CDOs will fail in their first year What’s all the Fuss? 90% of CDOs will be responsible the ethical use of enterprise data The CDO will be: - seen as a key business operational function comparable to IT, HR, and Finance - tasked with key business initiatives that will require a broad set of change management skills including communication, collaboration, and consensus-building - deeply involved in the planning and execution of most strategic digital business initiatives. - spending more than 70% of their time on driving new solutions 60% of CDOs will have revenue generation as their #1 priority 2021 The Role of Chief Data Officer in Business Transformation
  3. 3. The Chief Data Officer Vs. “similar” C Suite Roles How think/What do with Data Business responsibility for determining what kinds of information the enterprise will choose to capture, retain and exploit and for what purposes. Channel Generally responsible not just for digital consumer experience across all business touch points but also the process of digital transformation Tech & Systems The most senior executive in an enterprise responsible for the information technology and computer systems that support enterprise goals They are distinct roles with an interconnectivity which requires conscious management and collaboration across the business. As advisors are contracted to support specific parts of the business they will have to recognise and embrace these dynamics CDO CHIEF DATA OFFICER CDO CHIEF DIGITAL OFFICER CIO CHIEF INFORMATION OFFICER The Role of Chief Data Officer in Business Transformation
  4. 4. The Role of Chief Data Officer in Business Transformation Change, of course, is growth, and anything that is not growing is either paralysed or it’s not alive, because that’s life; we always change and we grow. Isabel Lucas Two States of Being: Business Growth &Transformation
  5. 5. Established Route: Technology Driven Transformation The Role of Chief Data Officer in Business Transformation
  6. 6. Data: The river That Runs Through Your Business The Role of Chief Data Officer in Business Transformation
  7. 7. ANALYTICS Descriptive Predictive Prescriptive Data Based Strategic Streams “How we are using data tools and our business knowledge together to unearth the options and insights that make us different from our competitors, or help us maximise the bottom line” The Role of Chief Data Officer in Business Transformation
  8. 8. Basic (operational) Reports Benchmarks, Evaluation & Interpretation REPORTING Data Based Strategic Streams “How we are using the evaluation of performance with external data to help us to work out where we need to go next, and what impact that might have on how we do things” The Role of Chief Data Officer in Business Transformation
  9. 9. NEW T.O.M. for Business Transformation MEASUREMENT ANALYTICS DATA CULTURE GOVERNANCE DATA STRATEGY DEMOCRATISATION OF DATA LEVERAGE OF DATA AS A BUSINESS TOOL REVENUE CORPORATE INNOVATION STRATEGIC DIGITAL INITIATIVES NON NEGOTIABLES FOR GROWTH The Role of Chief Data Officer in Business Transformation
  10. 10. • Don’t expect a single definition – there are lots out there! • Best One: - “Data Governance is the practice of organising & implementing policies, procedures & standards for the effective use of businesses structured and unstructured information assets” • Businesses with “mature” data governance you would expect to see (all or some):- • Data Dictionary • Data Standards (e.g. Data must be x % complete & y % accurate) • Data Owners • Data Stewards • Data Steering Committees/Data Enterprise Boards • Data Issues Register • A strategy for Data! Data Governance – What is it? The Role of Chief Data Officer in Business Transformation
  11. 11. Data Governance – Why need it? • Enable “better” decision making • Increase income opportunities • Reduce operational costs • Increase operational effectiveness • Improve customer service – e.g. reduce complaints • Create standard repeatable processes • Provide process transparency – critical for regulated businesses • Provide reporting transparency – critical for regulated businesses The Role of Chief Data Officer in Business Transformation
  12. 12. Data Governance – Why me? • You need............ Someone with a lot of prior knowledge and experience of the design & implementation of data governance frameworks • You need............ Someone with a blend of business, technical (i.e. IT) and analytical skills • You need............ Someone able to sell importance of data to senior management & stakeholders • You need............ Someone able to win employee hearts & minds about the importance of data – Governance will only work when people really start to care about their data! • You don’t need......A big unwieldy data team to get started – Someone who can identify the key business data strategy needs and hit the ground running……… The Role of Chief Data Officer in Business Transformation
  13. 13. Evolving Route: Adding CDO to Your Business Transformation 1 2 3 4 SPECIFIC PROJECTS PRE CDO PREP FINDING A CDO WORKING WITH A CDO The Role of Chief Data Officer in Business Transformation

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