Published: 06 September 2023
Summary
The success of D&A initiatives often hinges on gaining support from board members and stakeholders. This research explains how chief data and analytics officers can both tie initiatives to concrete business-oriented metrics and show how those initiatives support stakeholder goals and objectives.
Included in Full Research
Overview
Key Findings
Data and analytics (D&A), including GenAI, (generative AI) is receiving more attention from executive leadership teams, but D&A is often still perceived as a supporting technology rather than a critical business enabler.
Board meetings require significant preparation, not just a business case. Board presentations can be complex, with potentially conflicting requirements, hidden politics and competing priorities.
Facts, clarity, examples and effective storytelling are key elements for gaining the board’s attention.
D&A initiatives have specific challenges that require board education and input on, among other things, monetization, privacy regulations, risk and ethical use of data.
Recommendations
To engage stakeholders and align expectations, CDAOs
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