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If you’re trying to become a data-driven organization, it makes sense to hire someone whose job it is to care about data – like a chiefdataofficer. Without such a role, your dark data may be much more likely to stay dark. The point of finding your dark data is to generate insight from it.
That means BI needs to be augmented by artificial intelligence, personalized in a way it’s never been before, adaptive to a business climate that moves and changes on a dime, and “scaled across the entire enterprise and embedded in all of the systems of work,” he said. Sharing information is not a new idea, of course.
Jennifer Belissent still remembers what the chiefdataofficer of one of the largest banks in the U.S. He said, ‘With our own data, we can only look internally. 1 – Data commercialization is for everyone. “In 3 – To take your data to market, start with an ‘outside-in’ approach.
Whatever the initiative is (surfacing user data to inform them about their buying habits, etc.), the department with the data and the idea for using it should drive it. These are the business unit stakeholders, data professionals pulling the data together, and maybe the ChiefDataOfficer if your org has one.
By the time your ChiefDataOfficer gets down to creating a plan for your enterprise data integration, they could be looking at a dozen or more different cloud data sources , plus on-prem holdouts. Without all the information, you’re still not making smarter decisions, just different mistakes. “We
Connected data creates value,” added Mohammed Aasar, McKinsey’s chiefdataofficer. “If If you can move to a connected data ecosystem where you’ve got transparency around your data, you can use that accessibility to drive so many things.”.
One element that rings true in the world of analytics is that it is everchanging. ChiefDataOfficers and business leaders must stay abreast of key trends so their organizations don’t miss out on its benefits. Read on to learn how to embrace information democracy to take your business to the next level.
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