MAY 21, 2013 12:40pm ET

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Why the Chief Data Officer is More Vital than Ever

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Sometimes overlooked in the trends and tech in the information management space is the way careers are transformed (or merely relabeled). One such role that enterprises are attempting to get a handle on is the Chief Data Officer. Professor and industry adviser Peter Aiken estimates that only about 10 percent of CIOs “know what they’re doing” when it comes to managing data as an asset, and he’s aiming to reframe data’s leader in the enterprise in his new book, “The Case of the Chief Data Officer.” Information-management.com recently talked with Aiken on the expectations and challenges of changing enterprise data roles, from the CDO and the CIO and beyond.

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Comments (2)
Show me the money! Well its when you have "Data As An Asset" - making the most of Big Data, Data Scientists etc - they need to work with and manage data! Great insight into the role and key differences across the board. Also the key aspect from my perspective that Data must be driven by the business - technology is only a facilitator - there is a difference! In terms of the value aspect of the "asset" - you can make better processes & cost savings across operations & infrastructure,but also more importantly provide revenue opportunities from new business development that makes this a business function.
Posted by Simon H | Wednesday, May 22 2013 at 9:50AM ET
Good to compare with the financial business function.

When you compare data to money you quickly find that money can be spend only once - data can be reused as many times as you like AND the value of data increase the more it is reused another aspect is that money keeps there value (to a large extent) when "stored" whereas data loose value when stored.

This means that you probably need to govern data even more careful than money to get the maximum possible value from data.

The CDO could be heading a quite large organisation if you include BICC, MDM, DQM in his his responsibilities.

Posted by Erik H | Monday, May 27 2013 at 12:18PM ET
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