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And while organizations are trying to bridge the skills gap by hiring data scientists, data analysts, and data engineers, some are giving these highly technical individuals a seat in the C-suite in the form of the chiefdataofficer (CDO). Clearly, data is becoming more important to organizations.
We all know that data is becoming more and more essential for businesses, as the volume of data keeps growing. Dresner reported that nearly 97% of respondents in their BigData Analytics Market Study consider BigData to be either important or critical to their businesses.
Introduction The ChiefDataOfficer is a relatively recent addition to the classic C-suite roles. The presence of the CDO among that cohort represents the growing realization that “Data” has become a true strategic asset that requires highly specialized management and dedicated resources. […].
In Data-Powered Businesses , we dive into the ways that companies of all kinds are digitally transforming to make smarter data-driven decisions, monetize their data, and create companies that will thrive in our current era of BigData. We live in an era of startups. But interesting doesn’t mean bad!
We live in a constantly-evolving world of data. That means that jobs in databigdata and data analytics abound. The wide variety of data titles can be dizzying and confusing! Data analysts might report to a CIO, a ChiefDataOfficer (CDO), or possibly to a data scientist or business analyst team leader.
In fact, according to eMarketer, 40% of executives surveyed in a study focused on data-driven marketing, expect to “significantly increase” revenue. Not to worry – we’ll not only explain the link between bigdata and business performance but also explore real-life performance dashboard examples and explain why you need one (or several).
Over the past 5 years, bigdata and BI became more than just data science buzzwords. Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on.
In 2021, there were many new use cases that came to life and became viable “data products” due to focus on data as a commodity. The advent of data democratization and formal enterprise data management maturity driven KPI’s within the companies have resulted in a seat at the board level for chiefdataofficers.
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