The Gartner Research Board has identified a new model for digital leadership that binds together data, analytics, digital technology and transformation capabilities onto business. The Gartner Research Board said that data and analytics (D&A) leaders are uniquely positioned to drive this change that will make their companies behave like digital natives.
“The most advanced and successful D&A leaders are driving new opportunities to use digital capabilities – often data and analytics products – to capture value. Those opportunities should directly connect to the business priorities,” said Mario Faria, VP and program director at the Gartner Research Board. “At the same time, some D&A leaders are using digital and D&A to create whole new business models. These leaders – the CxO 5.0 – are helping businesses reconstitute by adopting an operating model that grafts native digital capability onto their existing non-digital native businesses.”
The Gartner Research Board’s Global Chief Data and Analytics Officer (Global CDAO) offering provides additional insight on this new operating model and the CxO 5.0 through a community of Global CDAOs engaged with their true peers at comparably sized organizations.
“After we identified how the most successful companies are doing digital reconstitution well, we worked with their CDAOs to create a blueprint of the operating model for others to use, and a maturity tool to identify where a company is on their CxO 5.0 journey,” said Tom Stanton, director of research at the Gartner Research Board.
The CxO 5.0 operating model is based on the idea of grafting, where D&A leaders bring to their companies a way to behave and act like digital natives using five core components (see Figure 1).