The chief data officer role is still one of the newest C-suite titles, but it’s been around for over 15 years. Over that time, the role has grown from being a novel position in a few specialized areas, such as banking and finance, to a mainstay in a wide variety of fields. This reflects a growing recognition across industries that data is valuable and that the CDO can help drive data strategy and build a data-driven culture to support this.
In the early days, CDOs helped reduce the workload from the IT department in managing the data infrastructure. More and more, the CDO plays a role in finding ways to use data to streamline the business and pursue new opportunities that use data. The CDO also needs to balance these opportunities against the liabilities of data breaches and new privacy requirements like GDPR and the California Consumer Privacy Act (CCPA).
Here are 10 chief data officer trends experts see evolving the role.