Why CIOs Need a Chief Data Officer

By Dennis McCafferty  |  Posted 08-11-2015 Email

The volume of data that CIOs and their teams oversee is growing immensely–increasing the need to hire a Chief Data Officer (CDO) if they don't already have one on board, according to a recent survey from Experian Data Quality. The report, titled "The Chief Data Officer: Bridging the Gap between Data and Decision-Making," reveals that CIOs and other senior tech leaders are under pressure to provide better data to the business side more swiftly. However, their efforts are stymied due to a lack of an enterprisewide approach to data management, without any "ownership" over data-driven decision-making. As a result, inaccurate data is causing business-impacting issues while creating regulatory risks. By hiring a CDO who can take command of data management, companies can avoid such outcomes. "Business leaders need to create a culture around data," said Thomas Schutz, senior vice president and general manager of Experian Data Quality. "Businesses need evangelists for data and individuals with the intelligence to not only ensure information assets are governed, accurate, accessible and complete, but also promote the use of data for good across the business … The CDO puts that concept front and center." More than 250 CIOs and CDOs took part in the research.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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