How to Make a Business Case for Hiring a CDO
How to Make a Business Case for Hiring a CDO
Challenged by data-driven demands, many CIOs support the hiring of a CDO. However, these executives have differing perspectives about the role’s limitations.
Effective Argument
82% of the CIOs surveyed believe there is a compelling case to hire a CDO in their organization, and 88% said the role adds value to their data management strategy.
Performance Gap
76% of CIOs who don’t have a CDO said their role doesn’t cover the responsibilities a CDO would handle.
Expanded Role
63% of CDOs said they feel an increased responsibility for data management compared to a year ago, and nearly 50% said they’ve felt increased pressure to provide data to business stakeholders more quickly.
Motivating Factors in Hiring a CDO
Capitalizing on big data opportunities: 48%,
Creating competitive advantage: 40%,
Reducing risk in data-driven projects: 39%
Top Business Challenges for CDOs
Improving data security: 63%,
Keeping pace with tech advances: 59%,
Responding to increasing customer expectations: 57%,
Migrating data: 45%,
Managing new trends: 43%
Out of Reach
53% of the CDOs surveyed said a lack of access to data limits their organization’s ability to leverage it, but only 36% of CIOs agreed.
Fiscal Woes
47% of CDOs said their company is limited in its ability to leverage data due to a limited budget, but just 42% of CIOs agreed.
Short-Sighted
41% of CDOs said their organization is limited in its ability to leverage data because of a lack of strategy, but only 31% of CIOs said this is true.
Shaky Start
Just 47% of CDOs said they were given a clear objective when they joined the company.
Replicated Role
26% of all the survey respondents said their company has multiple CDOs.
