Chief Data Officer

How A 360-Degree View Of Your Customer Data Can Energize Your Business and Help Avoid Disaster

In today’s business climate, a complete 360-degree view of a firm’s data is a necessity to compete at the highest level. Total awareness and control of information enables business leaders to maximize revenue opportunities (think better customer profiling, cross-selling), lower costs (think customer service read more...

Data Analytics: Should You Build a New Data Lake or ‘Drain the Swamp’?

  Modern data analytics is rapidly transforming business in all industries. Early movers are rapidly disrupting business models and transforming customer expectations while others are scrambling to catch up and avoid becoming a dinosaur. For example: A large pharmaceutical company struggling with rapidly rising clinical trial costs read more...

SOFTWARE MODERNIZATION: HOW MUCH WOULD YOU BENEFIT FROM UNDERSTANDING ALL YOUR UNDOCUMENTED DATA?

  Software Modernization   The need for businesses to drive competitive advantage and innovation through rapid, technology-driven transformation and software modernization has never been greater.  This imperative has moved the CTO role and enterprise IT from a supporting department to a critical C-level function.  Daniel Burrus, a leading read more...

HOW TO BE SMART AND SURVIVE THE BANKING REGULATIONS?

bank-regulation-1According to the RAND Corporation, nearly 40 percent of US households experienced financial distress during the 2008 financial meltdown. Eight years on, the financial sector is now under more scrutiny than ever. The financial crisis of 2008 increased the importance of having intelligent regulatory frameworks. Government regulators have reacted through increased regulations, introducing numerous bills including Dodd-Frank, CCAR and BCBS 239 that require banks to greatly increase their transparency, among many other requirements. The recent case of Wells Fargo opening up roughly 1.5 million savings/checking accounts and 565,000 credit card accounts without their customers’ permission only adds to the distrust of the regulators. read more...

Winning With Big Data – Is Your Organization Operating At Only 20% Capacity?

Discovering Big Data

Big Data Has Always Been the Future

Over the past decades there have been many predictions on the value that data would bring to a company to better compete.  Famously, the editor in charge of business books at Prentice Hall in 1957 commented: "I have travelled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won't last out the year." Fast forward 60 years to 2016, and it’s now clear that innovative companies such as Amazon, Uber, Facebook and Priceline, to name just a few, were able to initially disrupt and then dominate their respective industries because of their aggressive use of data.  Peter Sondergaard, Senior Vice President and Head of Research at Gartner, makes an analogy comparing data to a new source of power, stating "Information is the oil of the 21st century, and analytics is the combustion engine." read more...

Baselining Enterprise Data—First Priority for a New CDO

As data becomes simultaneously more important and more complex, new job roles to support and make use of all this data are appearing. One such role is especially notable: that of Chief Data Officer (CDO). A CDO maximizes the value of data, ensuring that data quality is maintained, data strategies align with business goals, and data is formulated and distributed so as to provide insights for the entire organization. It may be a new role, but it’s fast becoming an important one. It’s estimated that 90 percent of large enterprises will have CDOs by 2019. read more...
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