Share with your friends










Submit

Analytics Magazine

Gartner survey: Chief data officers delivering business impact

As the role of chief data officer (CDO) continues to gain traction within organizations, a recent survey by Gartner, Inc. found that these data and analytics leaders are proving to be a linchpin of digital business transformation.

The third annual Gartner Chief Data Officer survey was conducted July through September 2017 with 287 CDOs, chief analytics officers and other high-level data and analytics leaders from across the world. Respondents were required to have the title of CDO, chief analytics officer or be a senior leader with responsibility for leading data and/or analytics in their organization.

“While the early crop of CDOs was focused on data governance, data quality and regulatory drivers, today’s CDOs are now also delivering tangible business value, and enabling a data-driven culture,” says Valerie Logan, research director at Gartner. “Aligned with this shift in focus, the survey also showed that for the first time, more than half of CDOs now report directly to a top business leader such as the CEO, COO, CFO, president/owner or board/shareholders. By 2021, the office of the CDO will be seen as a mission-critical function comparable to IT, business operations, HR and finance in 75 percent of large enterprises.”

The survey found that support for the CDO role and business function is rising globally. A majority of survey respondents reported holding the formal title of CDO, revealing a steady increase over 2016 (57 percent in 2017 compared with 50 percent in 2016). “The steady maturation of the office of the CDO underlines the acceptance and broader understanding of the role and recognizes the impact and value CDOs worldwide are providing,” says Michael Moran, research director at Gartner. “The addition of new talent for increasing responsibilities, growing budgets and increasing positive engagement across the C-suite illustrate how central the role of CDO is becoming to more and more organizations.”

Budgets are also on the rise. Respondents to the 2017 survey report an average CDO office budget of $8 million, representing a 23 percent increase from the average of $6.5 million reported in 2016.

With more than one-third of respondents saying “increase revenue” is a top three measure of success, the survey findings show a clear bias developing in favor of value creation over risk mitigation as the key measure of success for a CDO. The survey also looked at how CDOs allocate their time. On a mean basis, 45 percent of the CDO’s time is allocated to value creation and/or revenue generation, 28 percent to cost savings and efficiency,and 27 percent to risk mitigation.

According to the survey, in 2017, CDOs are not just focused on data as the title may imply. Their responsibilities span data management, analytics, data science, ethics and digital transformation. A larger than expected percentage of respondents (36 percent) also report responsibility for profit and loss (P&L) ownership. Seventy-seven percent of respondents said they are developing new data and analytics solutions to compete in new ways.

Gartner predicts that by 2021, the CDO role will be the most gender diverse of all technology-affiliated C-level positions, and the survey results reflect that position. Of the respondents to Gartner’s 2017 CDO survey who provided their gender, 19 percent were female, and this proportion is even higher within large organizations – 25 percent in organizations with worldwide revenue of more than $1 billion. This contrasts with 13 percent of CIOs who are women, per the 2018 Gartner CIO Agenda Survey. In terms of age, 29 percent of respondents said they were 40 or younger.

Related Posts

  • 61
    AIMMS, a leading vendor of prescriptive analytics software, is pleased to announce that it has been named in Gartner’s report, “Hype Cycle for Chief Supply Chain Officers, 2016.” The company is listed in the report as a sample vendor in the areas of prescriptive analytics and network design.
    Tags: analytics, gartner, officers, chief
  • 61
    In the current information-driven society and increasingly digitalized world, Gartner, Inc. says that sentiments are shifting from the economics of tangible assets to the economics of information – “infonomics” – and other intangible assets. Infonomics is the theory, study and discipline of asserting economic significance to information. It strives to apply…
    Tags: business, organizations, cdos, gartner, data, analytics
  • 57
    More than 87 percent of organizations are classified as having low business intelligence (BI) and analytics maturity, according to a survey by Gartner, Inc. This creates a big obstacle for organizations wanting to increase the value of their data assets and exploit emerging analytics technologies such as machine learning. Organizations…
    Tags: analytics, data, organizations, gartner, business
  • 55
    Most business leaders today believe in the value of using data and analytics (D&A) throughout their organizations, but say they lack confidence in their ability to measure the effectiveness and impact of D&A, and mistrust the analytics used to help drive decision-making, according to a new survey from KPMG International.
    Tags: analytics, percent, organizations, data, survey, business
  • 54
    The CUNY School of Professional Studies is offering a new online master of science degree in data analytics. The program prepares its graduates for high-demand and fast-growing careers as data analysts, data specialists, business intelligence analysts, information analysts and data engineers in such fields as business, operations, marketing, social media,…
    Tags: data, analytics, business


Headlines

Meet CIMON, the first AI-powered astronaut assistant

CIMON, the world’s first artificial intelligence-enabled astronaut assistant, made its debut aboard the International Space Station. The ISS’s newest crew member, developed and built in Germany, was called into action on Nov. 15 with the command, “Wake up, CIMON!,” by German ESA astronaut Alexander Gerst, who has been living and working on the ISS since June 8. Read more →

Yale research on immigration, aging runners makes news

A recent study by Yale University professor and former INFORMS President Edward H. Kaplan (photo) and Yale colleague Jonathan Feinstein and Mohammad M. Fazel-Zarandi of MIT suggests that the number of undocumented immigrants in the United States is nearly twice as many as experts previously thought. Since its publication last month, the study, which estimates the number of such immigrants at 22.1 million instead of 11.3 million, has garnered worldwide attention from major media outlets including the Los Angeles Times, the Boston Globe, Fox News, Bloomberg News and the Daily Mail. Read more →

New salary survey paints optimistic picture for analytics professionals

Harnham, a global leader in data and analytics recruitment, recently released the 2018 editions of its salary guides for the United Kingdom, the United States and Europe. Having heard from thousands of data and analytics professionals across the globe, Harnham has gained an invaluable insight into key industry salaries and trends across a wide variety of analytics specialties and sectors. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

Winter Simulation Conference
Dec. 9-12, 2018, Gothenburg, Sweden

INFORMS Computing Society Conference
Jan. 6-8, 2019; Knoxville, Tenn.

INFORMS Conference on Business Analytics & Operations Research
April 14-16, 2019; Austin, Texas

INFORMS International Conference
June 9-12, 2019; Cancun, Mexico

INFORMS Marketing Science Conference
June 20-22; Rome, Italy

INFORMS Applied Probability Conference
July 2-4, 2019; Brisbane, Australia

INFORMS Healthcare Conference
July 27-29, 2019; Boston, Mass.

2019 INFORMS Annual Meeting
Oct. 20-23, 2019; Seattle, Wash.

Winter Simulation Conference
Dec. 8-11, 2019: National Harbor, Md.

OTHER EVENTS

Applied AI & Machine Learning | Comprehensive
Dec. 3, 2018 (live online)


Advancing the Analytics-Driven Organization
Jan. 28–31, 2019, 1 p.m.– 5 p.m. (live online)

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
https://www.certifiedanalytics.org.