A recent survey of 500 analytics and business intelligence professionals, conducted by MicroStrategy, revealed that more and more firms are recognizing the need to formally install a Chief Data Officer (CDO).
An excerpt from the DataIQ report:
In 2015-16 [the percentage of analytics-driven firms with CDOs] was less than 10%, then it grew to about 30%. This increase speaks to the growing importance of the role. “The metrics are all fairly in line that the CDO is becoming a prominent role. More people are taking formal designations as the CDO.”
Looking more closely at a national level, the countries with the highest proportion of respondents stating their organisation had a CDO were Brazil and the UK with 62% and 60% respectively. The country with the lowest percentage was the US with 49%.
[…]
The report also found that the top benefit that organisations are realizing from their analytics initiatives is improved efficiency and productivity with 63% of respondents experiencing this. In terms of people and talent, there is a willingness to invest with 64% of respondents stating their enterprise will put more resources into hiring data and analytics talent over the next year. The same percentage says they are planning to invest more in their analytics initiatives over the next year.
