Putting the ‘A’ in CDO: The rise of the chief data and analytics officer
As data and analytics become more intertwined, banks and vendors are creating a new role—the chief data and analytics officer—to help them take advantage of the opportunities it presents. It may sound easy, but rethinking data can be a gargantuan task.
In the data industry, there’s a new sheriff in town: the chief data and analytics officer (CDAO).
More than a job title, it’s a new perspective on how firms view data and its value—both inherent and derivative—as an offensive asset rather than a strategic or merely defensive tool. Additionally, its responsibilities reflect that data professionals are no longer just in charge of data management and governance, but are now also tasked with creating new tools that deliver insights based on the data
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