How to Make a Business Case for Hiring a CDO

How to Make a Business Case for Hiring a CDO

How to Make a Business Case for Hiring a CDO

Challenged by data-driven demands, many CIOs support the hiring of a CDO. However, these executives have differing perspectives about the role's limitations.

Effective Argument

82% of the CIOs surveyed believe there is a compelling case to hire a CDO in their organization, and 88% said the role adds value to their data management strategy.

Performance Gap

76% of CIOs who don't have a CDO said their role doesn't cover the responsibilities a CDO would handle.

Expanded Role

63% of CDOs said they feel an increased responsibility for data management compared to a year ago, and nearly 50% said they've felt increased pressure to provide data to business stakeholders more quickly.

Motivating Factors in Hiring a CDO

Capitalizing on big data opportunities: 48%, Creating competitive advantage: 40%, Reducing risk in data-driven projects: 39%

Top Business Challenges for CDOs

Improving data security: 63%, Keeping pace with tech advances: 59%, Responding to increasing customer expectations: 57%, Migrating data: 45%, Managing new trends: 43%

Out of Reach

53% of the CDOs surveyed said a lack of access to data limits their organization's ability to leverage it, but only 36% of CIOs agreed.

Fiscal Woes

47% of CDOs said their company is limited in its ability to leverage data due to a limited budget, but just 42% of CIOs agreed.

Short-Sighted

41% of CDOs said their organization is limited in its ability to leverage data because of a lack of strategy, but only 31% of CIOs said this is true.

Shaky Start

Just 47% of CDOs said they were given a clear objective when they joined the company.

Replicated Role

26% of all the survey respondents said their company has multiple CDOs.