Abstract
Clearly organizations are collecting, creating, and exchanging more and more data. They have a vested interest, and increasingly realized interest, in tapping the potential of this data to increase revenue, to decrease costs, and to help them manage risks. However, this requires a different way of thinking and a maturity of data management that many organizations don’t yet have and must grow over time. Organizations can make a fair amount of progress in specific data management domains from grassroots efforts and IT-driven efforts, but organizations usually reach a point where to really move forward, to make that quantum leap of realizing the benefits from their data, business and IT need to collaborate, think about data as an asset and a business enabler, and apply some degree of discipline to define how to:
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Move the data maturity of the organization forward and
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Coordinate existing data-related projects to ensure they support each other, all while
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Furthering the business goals of the organization
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Notes
- 1.
Ross, J. W., & Feeny, D. F., “The Evolving Role of the CIO,” Center for Information Systems Research, Sloan School of Management, MIT, August 1999.
- 2.
Lee, Y., Wang, F., Madnick, S., Want, R., & Zhang, H., “A cubic framework for the chief data officer: Succeeding in a world of big data.” MIS Quarterly Executive, March 2014.
- 3.
Bowen, R., & Smith, A. R., “Developing an enterprise-wide data strategy,” Healthcare Financial Management, April 2014.
- 4.
Ibid.
- 5.
Logan, D., Raskino, M., & Bugajski, J., “Business Case for the Chief Data Officer,” Gartner Research, October 16, 2014.
- 6.
Logan, D., & Raskino, M., “CIO Advisory, The Chief Data Officer Trend Gains Momentum,” Gartner Research, January 13, 2014.
- 7.
Ross, J. W., & Feeny, D. F., “The Evolving Role of the CIO.” Center for Information Systems Research, Sloan School of Management, MIT, August 1999.
- 8.
Logan, D., Raskino, M., and Bugajski, J., “Business Case for the Chief Data Officer.” Gartner Research, February 29, 2016.
- 9.
R. Bean (NewVantage Partners) interviewed by D. Kiron. “Organizational Alignment is Key to Big Data Success.” Sloan Management Review, MIT, January 2013.
- 10.
Lee, Y. W., Madnick, S. E., Wang, R. Y., Wang, F. L., & Zhang, H., “A cubic framework for the chief data officer: Succeeding in a world of big data.” MIS Quarterly Executive, Composite Information Systems Laboratory (CISL), MIT Sloan School of Management, March 2014, http://web.mit.edu/smadnick/www/wp/2014-01.pdf.
- 11.
Shaw, T., Ladley, J., & Roe, C., “Status of the Chief Data Officer: An Update on the CDO Role in Organizations Today.” Dataversity Education, LLC, Fall 2014.
- 12.
Belissent, J., “Better Your Business Performance with a Chief Data Officer,” Forrester Research, Inc., September 2015.
- 13.
Ibid.
- 14.
Logan, D., Popkin, J., & Faria, M.., “First Gartner CDO Survey: Governance and Analytics Will Be Top Priorities in 2016.” Gartner, January 6, 2016.
- 15.
Logan, D., & Bugajski, J., “CDO Reporting Relationships Can Make or Break Your Information Management Program,” Gartner Research, February 25, 2015.
- 16.
Belissent, J., “Better Your Business Performance with a Chief Data Officer,” Forrester Research, Inc., September 2015.
- 17.
Logan, D., Popkin, J., & Faria, M., “First Gartner CDO Survey: Governance and Analytics Will Be Top Priorities in 2016,” Gartner Research, January 6, 2016.
- 18.
Logan, D., Raskino, M., & Bugajski, J., “Business Case for the Chief Data Officer,” Gartner Research, October 16, 2014.
- 19.
Bowen, R., & Smith, A. R., “Developing an enterprise-wide data strategy,” Healthcare Financial Management,” April 2014.
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Fleckenstein, M., Fellows, L. (2018). Leading a Data Strategy. In: Modern Data Strategy. Springer, Cham. https://doi.org/10.1007/978-3-319-68993-7_5
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DOI: https://doi.org/10.1007/978-3-319-68993-7_5
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