Informatica, the enterprise cloud data management leader, announced findings from the inaugural IDC global survey of the office of the Chief Data Officer (CDO) examining the CDO’s challenges, priorities and key performance indicators (KPIs) while operating in the digital economy.
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The results were launched at the 14th annual MIT Chief Data Officer and Information Quality Symposium and provide context for exploring data intelligence for organizational performance and demonstrate that CDOs are increasingly seen as strategic business leaders but face challenges in their expanded roles.
Commissioned by Informatica, the IDC InfoBrief, “Chief Data Officers: The New Business Leaders,” surveyed more than 1,200 members of the office of the CDO, across 10 countries including Australia, France, Germany, India, Japan, U.K., and the U.S., The survey was fielded during the beginning of the novel coronavirus pandemic, from February to April 2020. The IDC survey found that modern successful data leaders must be agile and flexible enough to juggle multiple priorities.
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“With the amount of data worldwide increasing exponentially, the role of the CDO is becoming critical as one of the cornerstones of digital transformation,” said Stewart Bond, Director, Data Integration and Intelligence Software Research at IDC. “While 70 percent of organizations have articulated the need to be more data-driven, most still aren’t getting the full value out of their data. Our research uncovered that this is due, in part, to misalignment between challenges and priorities created by the CDO’s evolving, broader responsibilities.”
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