Are You Ready for a Chief Data Officer?

By now, everyone knows that there is huge potential in data. From reducing costs by improving quality, to enriching existing products and services by informationalizing them, to innovating by bringing big data and analytics to bear, data are showing themselves worthy across the board. Still, data do not give up their secrets easily. And most readily admit their organizations are unfit for data.

With all the excitement (and anxiety) surrounding big data and advanced analytics, it is not surprising that many organizations are naming Chief Data Officers (CDO) to manage their data needs. But I fear that too many organizations have sold the title short and are missing the opportunity to define a truly transformative role. You must be ready for a journey that, sooner or later, will touch every department, job, and person.

by Thomas C. Redman

Full Story: http://blogs.hbr.org/2013/10/are-you-ready-for-a-chief-data-officer/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+harvardbusiness+%28HBR.org%29&cm_ite=DailyAlert-103113+%281%29&cm_lm=sp%3Arbendis%40bendisig.com&cm_ven=Spop-Email