Why Organizations Need a CDO

Why Organizations Need a CDO

Market DominatorsMarket Dominators

71% of companies that outperform the competition in terms of market share are “digital leaders,” as are 70% of organizations that exceed competitors on customer and partner satisfaction.

Cash FlowCash Flow

67% of companies that outperform competitors in gross revenues are digital leaders, as are 65% of organizations which claim the same about profit margins.

Widespread ImpactWidespread Impact

70% of digital leader companies expect to see their digital transformation make a positive impact on employee performance, product portfolio and customer efforts.

A Key ObjectiveA Key Objective

More than eight of 10 say that digital transformation is a top priority among their most senior executives, while less than half of “digital dabblers,” who are lagging behind, say the same.

20/20 Vision20/20 Vision

87% say there is a compelling vision for digital transformation at their companies, but less than 50% of digital dabblers agree.

The Buck Stops HereThe Buck Stops Here

CEOs at about one-third of digital leader companies take personal accountability for these efforts, compared to just 11% of CEOs at digital dabblers.

Up to the TaskUp to the Task

83% have explicitly and formally appointed someone to lead digital transformation, such as a CDO, yet only 50% of dabblers have done the same.

Four CDO Candidates to Avoid: The Tech WhizFour CDO Candidates to Avoid: The Tech Whiz

While being a hotshot programmer is nice, it’s more important to inspire action and mobilize support. Leading requires more than doing.

Four CDO Candidates to Avoid: The DaredevilFour CDO Candidates to Avoid: The Daredevil

Experimentation is good. But an effective CDO takes smart risks, backed by validation, instead of reckless ones.

Four CDO Candidates to Avoid: The TheoristFour CDO Candidates to Avoid: The Theorist

As opposed to daredevils, theorists drown themselves into data, reports, books, research and more research instead of taking decisive action.

Four CDO Candidates to Avoid: Fan BoyFour CDO Candidates to Avoid: Fan Boy

Fan boys aren’t good at acquiring tech because, well, they want to buy everything. You need a CDO who shops with a discerning business leader’s mindset.

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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