At the end of last year, Gartner estimated that 25 percent of large global organizations had already hired a chief data officer (CDO). By 2019, Gartner expects that number to reach 90 percent.
"It represents a much deeper change occurring throughout most organizations. Practitioners of distinctive data and analytics disciplines will need to broaden their understanding, and work more closely with others to realize the benefits of using data and analytics to capture transformative business opportunities and mitigate risks.
"As a result, the Gartner events portfolio has changed to reflect the importance of working across disciplines. The new Data & Analytics Summits have combined two previous events — the Business Intelligence & Analytics Summits and the Enterprise Information & Master Data Management Summits — into one event
Mr. Friedman explains the reasons for the change.
Q: Why combine two events that covered different things?
A: The decision to move to a single event reflects a convergence of roles and interests around the area of data and analytics. We find that organizations are increasingly creating a single data and analytics team with a new leadership role, as the rise of the CDO demonstrates. As silos are broken down, and professionals in this area work in cross-functional teams more than ever, it was clear that coverage of both data and analytics in one place was needed.
Q: What are the underlying trends driving this shift?
A: The journey toward digital business is, at its core, a drive to better collect, manage and exploit data assets and apply analytics for richer insights. By 2018, Gartner predicts that over half of large organizations will compete using advanced analytics and proprietary algorithms, disrupting entire industries. This, in turn, is being driven by the proliferation of devices, connected "things," connectivity and computing power — all of which creates more opportunities to collect data, analyze it, and potentially monetize it.
Q: What are some of the key themes that will be explored?
A: For the 2017 Summits, we've chosen the theme "Lead in the Age of Infinite Possibilities" because that's the nature of the current business and technology environment: Unbounded information. Limitless connections between enterprises, people and things. Pervasive technology capabilities.
Q: How would you describe the main challenges around data and analytics?
A: The opportunities to generate business value from data and analytics are practically infinite.The challenge is how to harness this rapidly expanding landscape — how to target the right opportunities — despite internal constraints such as budgets, governance mandates, skills and culture, and external forces like competition, market dynamics and regulatory and social pressures.
Q: What’s the next step?
A: The modern data and analytics leaderhas an unprecedented chance to transform the organization on its journey into the world of digital business, and the course of action is clear: Craft a strategy to overcome the data science skills gap, modernize data infrastructure andanalytic platforms, govern and take advantage of diverse information sources, and spearhead data and analytic projects that have high-value payback.
Mr. Friedman provides more information on the latest in data & analytics in this video and additional Q&A.
Gartner Data & Analytics Summit
Gartner analysts will provide additional analysis on leadership trends at the Gartner Data & Analytics Summit 2017, taking place February 20-21 in Sydney, March 6-9 in Grapevine, Texas, March 20-22 in London, March 23-24 in Tokyo, June 6-7 in Mumbai and June 20-21 in Sao Paulo, Brazil.
Follow news and updates from the events on Twitter using #GartnerDA.
Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. Gartner delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior information technology (IT) leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to supply chain professionals, digital marketing professionals and technology investors, Gartner is the valuable partner to clients in more than 11,000 distinct enterprises. Gartner works with clients to research, analyze and interpret the business of IT within the context of their individual roles. Gartner is headquartered in Stamford, Connecticut, U.S.A., and has almost 9,000 associates, including 1,900 research analysts and consultants, operating in more than 90 countries. For more information, visit www.gartner.com.
Comments or opinions expressed on this blog are those of the individual contributors only, and do not necessarily represent the views of Gartner, Inc. or its management. Readers may copy and redistribute blog postings on other blogs, or otherwise for private, non-commercial or journalistic purposes. This content may not be used for any other purposes in any other formats or media. The content on this blog is provided on an "as-is" basis. Gartner shall not be liable for any damages whatsoever arising out of the content or use of this blog.