Join Doug Laney at the MDM & Data Governance Summit in Chicago on July 11 for a panel on Making the Case for a Broad Scope CDO. Doug will be joined on stage by author and advisor James Howard, and Michael Jennings, Senior Director of Global Data Architecture for Walgreens Boots.
Making the Case for a Broad Scope CDO
Like with any asset, and as a responsible business person, the Chief Data Officer (CDO) develops and implements the data vision and strategy. As a responsible steward, the CDO governs the information through its lifecycle, managing risk in a way proportional to the threats, and in consideration of the value of the asset and stakeholder expectations. This discussion focusses on how a CDO can most effectively enable data leverage while managing risk and obligations.
A recent survey revealed that 97% of CEO’s see investing in data critical to their continued growth. In some cases, survival — 80% CEO’s fear the risk of disruption from data-driven companies, with AI seen as the greatest threat. Yet Gartner estimates 85% of data projects fail. Finally, in the period of a week last December, 600 million data records were breached — the very same data that some organizations want to leverage.
A broad-scope CDO can play a critical role in helping organizations realize the benefits of their investments in information, increasing the alignment with overall business objectives while managing risk and ensuring compliance. The CDO is an evolving role and has different meanings across companies and industries. Given the direction of technology capabilities as well as data breaches and regulations, companies will need to think about how best to manage these opposing forces, in order to improve the outcomes of data initiatives.
Attendees for this session will get insight and ideas into how to apply right-sized data governance frameworks as part of the CDO role.