Can the Chief Data Officer Ease the CIO’s Burden?

information governance

Extract from article by Debra Logan

The role of the chief data officer (CDO) will become ever more important as the pace of digitalization intensifies. Their challenge will be to complement the role of the CIO, modernize information governance and deliver revenue from data assets.

Gartner’s 2016 CIO Agenda Survey shows that private sector CIOs estimated that 37% of their company’s revenue would come through digital sources in just five years. Public sector CIOs were even more bullish, expecting 77% of their processes to be digital within five years. Data is an appreciating asset that is poorly managed in most organizations because no one has top-level responsibility, and so information is often managed in silos by various business units. Organizations that seek to profit from data need specific functions, roles and responsibilities to manage that asset more coherently and deliver wider business value.