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At a time when information-driven businesses regularly outperform their peers, sturdy information leadership can make the distinction among good results and failure. In truth, Chief Data Officers are now a permanent fixture in 65% of businesses — a exceptional improvement on the 12% of businesses exactly where CDOs had a home in 2012, according to analysis by Exasol.
The survey uncovered higher demand for sturdy information leadership, as nicely as some confusion and uncertainty about the CDO part. According to the study, roughly half (50%) of CDOs think the worth of their part is not however recognized in the enterprise world, though a equivalent quantity (46%) say that organizations’ expectations for the CDO part are also higher and are misinformed. Its findings also supports earlier analysis revealing that the typical CDO tenure is shorter than most, acquiring that one in 5 (17%) of the CDOs surveyed had only stayed in their earlier part for among one and two years, a nod to the higher demand for these experts.
Overall, 64% agreed that the profession path to CDO is not clear. When it comes to nurturing information experts in their journey to CDO, the report uncovered an chance for non-technical experts to assume the part. Of these surveyed, only 3% have been from arts/inventive background but 59% agreed there was worth in hiring applicants with more diverse backgrounds.
Since information centric businesses are 58% more probably to exceed income objective, there has never ever been a more thrilling time or chance to help information specialists, nurture information talent and expand our horizons in the search for information leaders of the future.
To greater fully grasp the CDO journey, Exasol surveyed 250 active CDOs from across the UK, the US and Germany to uncover the education, ability sets and the experiences that have helped present CDOs get to exactly where they are today, the challenges and barriers they’ve faced along the way and what requires to modify in order to help and market more skilled individuals into the part of CDO.
Read the complete report by Exasol.