Chief Data Officers poised to take the lead

The paper presents opinions on how CDOs can be considered to be in the best position to assume responsibility for the strategic direction of an organisation. The importance of the role they play in shaping and influencing company strategy is increasing due to their understanding, and intrinsic role, of using data to support strategy. 

It’s been widely cited that a company’s most valuable asset is data. But simply having data isn’t enough. As research shows, human input and creativity is integral to synthesising data into valuable insights which help  build data-driven strategies. For businesses, to ignore the importance of the human factor in data is to face inevitable failure.

Having a dedicated person who not only uncovers data insights but who has the skills to shape them into a coherent data strategy means CDOs are rising through the ranks of every business and becoming one of the most valuable members in organisations. It makes them indispensable in propelling the business forward on all fronts, including revenue growth, innovation and operational efficiencies.

In essence, they will be in possession of a skill set that will allow them to become familiar with the organization in every aspect, including finance, sales, HR and marketing.

Having this broad scope of knowledge means they can formulate a strategy and infrastructure that allows each department to access the data insights they need.

The ability to inherently understand the fundamentals of a business as well as plot a course for its future will position these individuals as ideal CEO candidates of the future.

This insight paper’s goal is to outline and explain the skills and traits necessary to be a CDO. It is ideal for those wishing to support the next generation of the workforce, to consider a profitable and gratifying career as a data hero and leader.

In this paper, Exasol explores:

• Why every organization needs a CDO

• Why there is a current lack of them

• The path to becoming a CDO

• How data analysts looking to advance their career can take steps to position themselves as tomorrow’s business leaders through their skills in generating and making decisions based on data insights.

To read the full insight paper click here.

About Exasol

Exasol is a high-performance, cloud-first analytics database which gives its customers the power to transform how their organizations work with data – and turn it into value faster, easier and more cost effectively than ever before.

They are a team of creative, forward-thinking technologists who are passionate about helping companies run their businesses smarter and drive profits by analyzing data and information at unprecedented speeds. They developed the world’s fastest database for analytics and data warehousing and offer first-class know-how and expertise in data insights and analytics.

Contact Information

Lydia Holt

Copywriter

Pipar\TBWA

lydia@pipar-tbwa.is