Fate of the Chief Data Officer
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Transcript of Fate of the Chief Data Officer
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FATE OF THE CHIEF DATA OFFICER
Tamarah UsherMay 02 2017
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AGENDADATA STRATEGY EVOLUTIONTHE EMERGENCE OF THE CDO CDO PERSONAS FOR SUCCESSWHATS NEXT FOR THE CDO?
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DATA ISEVERYWHERE
AFFILIATES
TIMEDEVICE
DISPLAY ADS
CRM DATA
SOCIAL
WEATHER
SEARCH
COOKIE DATA
CUSTOMERPREFERENCES
LOCATION
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ITS GETTING BIGGER
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DATA FOCUS EVOLUTIONFIRST THERE WAS A DATA STICK THEN A DATA CARROT EMERGED• HIPAA (Health Insurance Portability and
Accountability Act• Sarbanes-Oxley Act• Gramm-Leach-Bliley Act• PCI (Payment Card Industry) data security
standards
• Increased volume, variety and velocity of data• New tools and platforms
• New product offerings• New revenue streams• Operational efficiencies
The stick of regulation = data governanceThe carrot of new revenue = data strategy
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DATA GOVERNANCEWHAT YOU DO TO DATA
CLEAN VALIDATE CONTROL PROTECT
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DATA STRATEGYWHAT YOU DO WITH DATA
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DATA VALUE CHAIN
AGE OF DATA
DATA VALUE
Value of Individual Data Item
Aggregate Data Value
Interactive Real-time Analytics Record Lookup Historical Analytics Exploratory AnalyticsMilliseconds Hundredths of Seconds Seconds Minutes Hours
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WHAT ABOUT THIS DAT SCIENCE THING?
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THE KNOWLEDGE ECONOMYData has become a strategic asset that allows companies to acquire or maintain a competitive edge
AGRICULTURAL INDUSTRIAL POST-INDUSTRIAL KNOWLEDGE
• Data embodies a financial potential• Data can be used to optimize the way it does business:
acquisition, retention, targeting, pricing, etc• Value of personal data still depends largely on who
uses it, how it is being used and in what context• Value of raw data varies from a hundred cents to a
hundred dollars per individual• Data enriched, analyzed and leveraged for specialized
uses, the more its value increases
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WHAT IS HAPPENING IN THE C SUITE?
HOW CEOs RECOGNIZE DATA AS AN ASSET
“If you can't understand the newworld of digital, fire yourself.Build an executive team that isdigital-first. Make sure there is atechie on the board of directors.If the board has a low digital IQ,the company will have a lowdigital IQ”
George Colony, CEO Forrester
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DATA IS THE FOUNDATION OF DIGITAL TRANSFORMATION
DATA
Integrated Value Chain
Digital Marketing
Real Time Customer Feedback
Digital Collaboration
Digital Education
Dynamic Ecosystem
Device & Time
Agnostic
Customer Oriented Workflow
Agile Processes
Platform Independent
Integrated and IoTReady
Customized Payment Options
Digital Customer Experience
Digital Organizational Culture
Digital Product Offerings
Digital Employee Experience
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THE CDO EMERGES90% of large organizations will have a chief data officer by 2019
68% of CIOs believe their current role fails to cover a majority of the responsibilities a CDO would have
49% of CIOs feel increased pressure
to provide data to the business faster
61% of CIOs expect a CDO to be appointed at their organization in the next 2 years
79% of organizations with a CDO created the role within the last 6 months
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CDO ORGANIZATIONS AND ALIGNMENT
Board/ CEO
CRO COO CIO BU1
CDO
PROCESS ORIENTED CDOTypically in Risk, Compliance or other Business Support function
OPERATIONAL CDOOperating shared-services, with Board-level accountability
Board/ CEO
CRO COO CIO BU1CDO
REVENUE ORIENTED CDOAligned to Business Unit (eg. CMO), supporting revenue goals/SLAs
Board/ CEO
CRO COO CIO BU1
CDO
BU2
CDO
ANALYTICS ORIENTED CDOTypically leading from within IT, focus on efficient access to data
Board/ CEO
CRO COO CIO BU1
CDO
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THE 6 PERSONAS OF A SUCCESSFUL CDO
THE QUANTTHE EDUCATOR
THE EVANGILIST THE PROTECTOR
THE ARCHITECT
THE POLITICIAN
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THE EVANGILIST
• Create an enterprise information management strategy based on the organization's business strategy and predominant value discipline
• Building technical bridges in working with data in different silos, formats, etc
• Monetize data by focusing on net-new services• Improve visibility to CDO objectives and outcomes • Builds a critical mass of support for established
standards and ways of working• Seek to gain the benefits of early adoption or
network effect
• Technical chops• Business savvy• The diplomacy
skills to translate between the two
• Innovative• Authentic and
objective transparency
STYLE APPROACH
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THE EDUCATOR
• Adopt formal information asset measures and share them with the organization
• Educate senior leaders and peers about the role that data and information play in overall business success
• Educating the business to think about data differently, create a demand for data driven solutions
• Create urgency with technical and business perspectives around breaking down silos
• Offer tools and training to help others succeed
• Compassionate• Diligent• Engaging across
multiple groups• Translator for
business and technical needs
• Change agent
STYLE APPROACH
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THE PROTECTOR
• Establish baselines on information governance and data monetization from which progress can be measured
• Govern the Data assets ensuring data privacy and security
• Manage the health of data under governance• Establishes practices of compliance and risk
mitigation• Centralize Data from internal silos, external APIs
and real time streams
• Relentless authority• Supportive • Inclusive of
business and technical needs
• Realistic• Solution oriented
STYLE APPROACH
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THE QUANT
• Generate organizational demand for analytical solutions
• Demonstrate the importance of data driven decision making to managers and departments throughout his organization
• Accelerate data availability and analytics delivery• Challenge the businesses ways of working• Customer centric• Agile and risk averse, failing fast and learning• Creating an architecture for open and real time
analytics
• Business versed• Value focused to
ensure a prioritized analytics portfolio
• Trust building• Multi-lingual*• Disruptive
STYLE APPROACH
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THE ARCHITECT
• Mining for business value, asking the right questions of the data
• Champion a Modern Data Architecture (polyglot etc)• Tie quantifiable information metrics to quantifiable
business key performance indicators to demonstrate tangible success
• Focus on cost reduction, growth, customer retention, or risk
• Capability focused and aligned on strategy• Fine tuning the data production system
• Leverage network and relationships
• Targeted solutions & results
• Enabling enterprise approach
• Innovative thinker• Case builder with
influence
STYLE APPROACH
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THE POLITICIAN
• Challenge structure, scope and power relationships between executive committee members
• Work tirelessly to build trust with various business stakeholders, especially the CIO
• Lower barriers to org-wide participation• Drive organizational maturity leveraging resources
and artifacts available• Initiate enterprise level conversations to enable
shifts toward data maturity• Facilitate prioritization and value based decisions
• Facilitation• Coordinate
stakeholders across the organization
• Free up resources and lower barriers
• Proactive
STYLE APPROACH
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WHAT IS NEXT FOR THE CDO?
Finding the right person for the job
Adding value quickly through quick wins
Avoiding shiny object syndrome
With a big job comes a big team
The challenge of funding a revolution
Easing the disruption
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THANK YOU TAMARAH USHER