Opinion — Why We need a new Chief in Data
Why you need a Chief Data Officer
The Life of a CDO and what they do
With the increase in data and data-driven products, the need for Chief Data Officers has increased. They share their title with the Chief Digital Officer, but it is not the same job.
Theoretical Background
The Chief Data Officer (CDO) is the term for a person who bears responsibility for the company’s data management. In contrast to the CIO, the CDO is less concerned with the technical issues of data processing, but rather with data as an asset, whose creation and use must be managed in the interests of the company. Accordingly, the CDO is responsible for the planned management of the creation, use and quality assurance of the data. Added to this are tasks relating to data security and, occasionally, data protection [1].
A new role is needed
Companies that are forward-thinking and data-driven already have a CDO. Their central task is to drive the democratization of data, analytical processes, and digital transformation throughout the company. The implementation of flexible self-service platforms for data analysis plays a particularly important role here. It is them that ensure access to data and resources…
