15 Chief Data Officer Job Requirements
- by 7wData
Sixty-one percent of CIOs want to hire chief data officers (CDOs) within the next 12 months. At a high level, CDOs oversee how data is gathered, managed, protected, and monetized. But what else fits into a CDO job description? Here are 15 requirements for the position.
[content_band border="all"] [container]
1. CDO Big Picture Responsibilities
A CDO provides vision and strategy for all data management activities. She is a champion for global data management, governance, quality and vendor relationships across the enterprise. The CDO oversees the Enterprise Information Management (EIM) program, data scientists and data stewards and data service providers. She establishes data policies, standards, organization and enforcement of EIM concepts. The CDO oversees and reports on data metrics. And she has executive-level responsibility for all enterprise information/data management budgeting and initiatives.
[/container][/content_band]
[content_band border="all"] [container]
2. Manage Data Governance
A CDO provides vision and strategy for all data management activities. She is a champion for global data management, governance, quality and vendor relationships across the enterprise. The CDO oversees the Enterprise Information Management (EIM) program, data scientists and data stewards and data service providers. She establishes data policies, standards, organization and enforcement of EIM concepts. The CDO oversees and reports on data metrics. And she has executive-level responsibility for all enterprise information/data management budgeting and initiatives.
[/container][/content_band]
[content_band border="all"] [container]
3. Study and Maximize Data Quality
The CDO must determine her company’s current data quality and maturity level – of which there are five. (1) Uncertainty, which typically involves the organization stumbling over data defects as programs crash and employees complain. There’s no proactive improvement process in place. (2) Awakening, during which a few individuals acknowledge the dirty data and try to incorporate quality in their projects before formal enterprise-wide support arrives. (3) Enlightenment is when the organization starts to address the root causes of dirty data through program edits and data quality training. A data quality group usually emerges here. (4) Wisdom arrives as the organization proactively works on preventing future data defects, and data quality incentives arrive. (5) Certainty emerges as the organization shifts to an optimization cycle – continuously monitoring and improving its data defect-prevention process.
[/container][/content_band]
[content_band border="all"] [container]
4. Establish Standards
A CDO must establish enterprise standards – including a uniform and repeatable system development lifecycle methodology. For instance, there’s a common set of standards for data naming, abbreviations and acronyms.
[/container][/content_band]
[content_band border="all"] [container]
5. Master Business Intelligence
This is not about buying a single, most effective Business Intelligence tool. Rather, BI is about establishing an architecture and a collection of integrated decision-support applications and databases – providing the business community easy access to business data.
[/container][/content_band]
[content_band border="all"] [container]
6. Explore Data Warehousing
While definitions vary, data warehousing can involve a single massive database or a collection of data marts that are integrated. The data warehouse strategy should provide consistent, clean and integrated data. Executives, in turn, use the resulting information to make more informed decisions.
[/container][/content_band]
[content_band border="all"] [container]
7. Master Data Management
Master data is how the CDO and her team describe real-world entities – customers, products, employees, suppliers, etc. Master Data Management (MDM) leverages a range of tools to implement how you capture, integrate and share that MDM information.
[/container][/content_band]
[content_band border="all"] [container]
8. Embrace Enterprise Data Modeling
EDM often begins as a high-level conceptual data model showing core business objectives (entities) and their data relationships. The EDM model may never be completed, but it still delivers value by allowing CDOs to discover and resolve data discrepancies among different views and implementations of the same data.
[/container][/content_band]
[content_band border="all"] [container]
9. Explore metadata Management
An example of metadata is the information embedded in a digital picture – such as the brand and model of the camera, the data and time the picture was taken, etc. In business, you need to capture the right types of metadata – such as business names, definitions and valid domain values; or perhaps ownership (CFO, HR); or security settings (public, company confidential, HR only, senior management only).
[/container][/content_band]
[content_band border="all"] [container]
10. Navigate Unstructured and Big Data
Unstructured data includes social media, emails, medical records, pictures, videos and sensor data like RFID. A CDO must take inventory of all that unstructured data – the big data challenge – determining its format, security, ownership and quality. The result could be new storage needs. She must also determine which unstructured data should – and shouldn’t – be captured.
[/container][/content_band]
[content_band border="all"] [container]
11. Weigh Data in the Cloud
Moving data off-premises to a cloud services provider (CSP) often is an attractive option – especially for startups that don’t want to build their own storage infrastructure. But the CDO must weigh variables like privacy, security, compliance, ownership and performance questions tied to cloud storage.
[/container][/content_band]
[content_band border="all"] [container]
12. Establish Business Performance Metrics
The CDO’s team must build business performance dashboards – a business performance management system. It provides timely information and insights that enable employees to improve decisions, optimize processes and plans, and work proactively.
[/container][/content_band]
[content_band border="all"] [container]
13. Maintain Security and Privacy
Determine and enforce specific security and privacy requirements for each piece of data – especially as it relates to privacy laws, industry regulations and corporate compliance mandates.
[/container][/content_band]
[content_band border="all"] [container]
14. Develop Intellectual Capital
Here, the CDO and her team document how the business is run – including policies and procedures that can be shared in training materials; glossaries; name and contact rosters; and even gathering information from employees’ heads to deal with day to day problems and more.
[/container][/content_band]
[content_band border="all"] [container]
15. Establish CXO Credibility
More and more pundits state that the CDO position is not a technical position – and therefore should not report to a CIO or CTO in IT. Rather, CDOs increasingly report to CFOs, COOs or CEOs – working with the executive team and CIO to align business and technology initiatives.
[/container][/content_band]
[Social9_Share class=”s9-widget-wrapper”]
Upcoming Events
Shift Difficult Problems Left with Graph Analysis on Streaming Data
29 April 2024
12 PM ET – 1 PM ET
Read MoreCategories
You Might Be Interested In
It’s time for CEOs to focus on their proprietary algorithms, not just big data
27 Aug, 2015Big data is the oil of the 21st century. But for all of its value, data is inherently dumb. It …
The Guiding Principles for Scaling Geo-distributed Databases In The Cloud
30 Sep, 2015Todays world the digital economy runs in the cloud. Most consumers, including many business executives, dont know much about the …
A Data Warehouse In The Cloud Is More Logical Than You Think
22 Sep, 2015It has been estimated that more than 30 billion connected devices will exist by 2020. If a business isn’t capturing …
Recent Jobs
Do You Want to Share Your Story?
Bring your insights on Data, Visualization, Innovation or Business Agility to our community. Let them learn from your experience.