When you hear the phrase “data monetization,” you might think of selling data to a third party – along with the many ethical and privacy issues that go with it. While this practice plays a significant role in our modern economy, there is another type of data monetization that receives less buzz but is equally […]
Demystifying the CDO: 6 Steps to Defining and Elevating the Role
The role of chief data officer (CDO) has existed for over two decades, but despite its establishment as a C-suite staple, the position still suffers from a lack of clear definition and understanding within organizations. A significant majority (73%) of CDOs feel their role is poorly understood compared to other C-level executives, stemming primarily from […]
The Future of Data Literacy
There was a time when only elite, tech-savvy staff in an organization understood and felt qualified to discuss data-enabled business decisions. These individuals often possessed advanced academic degrees in data science, data engineering, statistics, operations research, and other allied fields and did not speak the language of the ordinary business staff. As a result, there […]
Evaluating Enterprise Data Literacy
Any organization that aims toward complete digital transformation must move toward enterprise data literacy. So, what exactly is data literacy? Gartner defines data literacy as: “The ability to read, write and communicate data in context, including an understanding of data sources and constructs, analytical methods and techniques applied – and the ability to describe the […]
The Changing Role of the Chief Data Officer
In a 2005 interview, Usama Fayyad described his recent appointment as Yahoo’s chief data officer (CDO), a role that had been introduced in the business world only a few years prior. He defined a CDO as: “Someone to lead all strategic data activities and to represent data as a strategic asset that DRIVES business and […]
What Is Data Literacy and Why Does It Matter?
An international survey by technology company Accenture in 2020 found that 75% of C-suite executives believe that all or most of their employees are proficient at working with data. However, only 50% of middle managers felt the same way. And what about the employees themselves? Only 25% felt that they were fully prepared to use data effectively, […]
Women in Data: Meet Deloitte CDO Dr. Adita Karkera
The latest installment in our Q&A series with women leaders in data features Dr. Adita Karkera, chief data officer (CDO) of government and public services at Deloitte. (Read our previous Q&A here.) Dr. Adita Karkera discovered her love for data as a database administrator for the State of Arkansas. Over the next two decades, she dedicated […]
How Should a CDO Spend Their Time?
Unlike most C-Suite roles that have certain expectations, the chief data officer (CDO) role is still relatively new, which means it often needs to be defined by CDOs themselves. This can be both a good and bad thing: On one hand, you can carve your role and make it unique, but on the other hand, […]
Data Literacy Trends in 2023: Formalizing Programs
Data Literacy, the ability to explore, understand, and communicate with data, will significantly increase its role in organizations in 2023 and beyond. Companies will gravitate toward Data Literacy to get insights from big data and mobilize artificial intelligence (AI), a technology underlying a machine’s ability to learn from experience. Unfortunately, many businesses need to ramp up […]
Data Culture: The Key to Becoming Data-Driven
The volume of data that individuals and businesses generate is growing rapidly. We have all heard how data is doubling every two years or that 90% of all data was created in the last two years. With this hockey stick-like growth, the complexity and variety of data are creating further issues for CDOs and data professionals. […]