How the role of Chief Data Officer Becomes Indispensable

The role of Chief Data Officer now becomes indispensable even in industrial organizations. In all organizations, data the inter-linkages between systems become increasingly important in terms of effectiveness and value-creation.

And data is the new oil. Don’t let this source of value on the roadside or available to others. It is now a substantial asset of all organizations (although not recognized by the obsolete rules of accounting we are all using).

I now believe all organizations should have someone responsible for Data: identification of repositories, coding and consistency, usage for analysis and decision-making, lessons learnt and availability of past experience etc. Whether a Chief Data Officer or another title, it is a transverse role that is the core of future value creation.

Don’t wait to create this role of Chief Data Officer!