Does Your Company Need a Chief Data Officer?

Gone are the days of the one-title-fits-all-technology-roles in the enterprise. The industry has evolved to include various specialties and the position of Chief Data Officer is becoming one of the most important.

Indeed, in today's world of big data, the need for a chief data officer is emerging as a hot topic. According to market-research firm Gartner, this trend, combined with the increasing need to understand how data is being used within a company, is driving the demand for CDOs.

As the name suggests, a chief data officer is responsible for governing enterprise data and leveraging customer data as an asset. That means overseeing how data is collected, analyzed, and secured.

CDOs obviously need to work closely with others in the C-suite, including the chief technology officer, chief information officer, chief marketing officer, chief security officer, and of course the CEO. In fact, depending on how responsibilities are allotted, there can be considerable overlap between the duties of a chief data officer and the CTO or CIO on the technology side, as well as the CSO on the security side, and the CMO on the marketing side.

CDO's Stock Rising

Gartner predicts that by 2015, 25 percent of large global organizations will have appointed CDOs. The Gartner research also estimates that 65 percent of CDOs are in the U.S., while 20 percent are in the U.K. To-date, the CDO role can be found in more than a dozen counties, and more than 25 percent of CDOs are women.

Not surprisingly, the position is most commonly found in heavily regulated industries, media and government. But it doesnEUt stop there. So the question, then, is, does your company need a CDO?

The answer may be yes if you need a peer and partner who can manage data and who has the knowledge, background and skills to do so,...

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