May 18, 2021
May 18, 2021
Contributor: Jackie Wiles
Many organizations lack a chief data officer (CDO), but CDOs generate exceptional value in driving digital transformation and building a data-driven culture.
Less than half of large companies have a chief data officer (CDO), according to the 2021 Gartner CEO and Senior Business Executive Survey. Does your organization need one?
“Even organizations that have a chief data officer often task them primarily to gather, store and secure data,” says Andrew White, Distinguished VP Analyst, Gartner. “But if you want a data-driven culture where data and analytics drive how you excel at decision making, you need a CDO.”
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Data and analytics are critical to digital business aspirations because decision making lies at the heart of how you and your customers/citizens work out how to engage and delight each other. CDOs who lead or are heavily involved in digital transformation initiatives are exceptional at generating value.
The Gartner 2021 CDO Survey (the sixth such survey) shows that for organizations undertaking digital initiatives, CDOs often lead or are heavily involved in those efforts. Only 2% aren’t involved at all. That finding is common across small, midsize, large and global organizations.
Where senior D&A leaders are leading or heavily involved, the organization is more likely to outperform on innovation and more likely to be highly effective in producing business value.
More broadly, data and analytics are essential for a modern enterprise to reengineer its decision-making capability, and an accountable executive is required to make D&A happen. If your organization is in one of the following three situations, for example, you need a senior D&A leader.
The ability to “speak data” is increasingly important to enterprise success. The CDO is key to building foundational D&A competencies and data literacy within the organization, which in turn generates these key business benefits:
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Recommended resources for Gartner clients*:
Does My Enterprise Need a Chief Data Officer?
*Note that some documents may not be available to all Gartner clients.