The rise of chief data officers (CDOs), who are responsible for organisation-wide governance, management and exploitation of information, has been rapid. The number of companies hiring a CDO has more than quadrupled since 2012 and analyst Gartner estimates 90% of large organisations now have a CDO.
But in many cases the role of the CDO still remains unclear, with advisory firm NewVantage Partners suggesting that only 28% of data chiefs believe that the role is “successful and established”.
