Chief Data Officer
Encyclopedia
A chief data officer is a corporate officer who is the manager
for enterprise-wide data processing
and data mining
. The CDO typically reports to the chief technology officer (CTO) or the chief executive officer
(CEO).
The role of manager for data processing was not elevated to that of senior management prior to the 1980s. As organizations have recognized the importance of information technology as well as business intelligence
, data integration
and data processing to the fundamental functioning of everyday business, this role has become more visible and crucial. This role includes defining strategic priorities for the company in the area of data systems and opportunities, identifying new business opportunities pertaining to data, optimizing revenue generation through data, and generally representing data as a strategic business asset at the executive table.
With the rise in service-oriented architecture
s (SOA), large scale system integration, and heterogeneous data storage/exchange mechanisms (databases, XML
, EDI
, etc.), it is necessary to have a very high level individual guide the creation and implementation of data strategy. Besides the revenue opportunities, acquisition strategy, and customer data policies, the Chief Data Officer is charged with explaining to executives, employees, and customers the strategic value of data and its important role as a business asset and revenue driver. This is in great contrast to the older view of data systems as backend IT systems.
Cathryne Clay Doss of Capital One was appointed their Chief Data Officer in 2003. Dr. Usama Fayyad, Chief Data Officer and Sr. Vice President of Yahoo!
was also one of the first individuals known to officially hold this job title. Another person who held this title is Thomas Mueller, Chief Data Officer of Allied Management Group (AMG-SIU). John Bottega became the Chief Data Officer of CitiGroup
's Corporate and Investment Banking (CIB) unit, which makes him the first person in the financial field to hold that title. He is currently the CDO of the NY Federal Reserve and Chairman of the EDM Council
.
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
for enterprise-wide data processing
Data processing
Computer data processing is any process that a computer program does to enter data and summarise, analyse or otherwise convert data into usable information. The process may be automated and run on a computer. It involves recording, analysing, sorting, summarising, calculating, disseminating and...
and data mining
Data mining
Data mining , a relatively young and interdisciplinary field of computer science is the process of discovering new patterns from large data sets involving methods at the intersection of artificial intelligence, machine learning, statistics and database systems...
. The CDO typically reports to the chief technology officer (CTO) or the chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
(CEO).
The role of manager for data processing was not elevated to that of senior management prior to the 1980s. As organizations have recognized the importance of information technology as well as business intelligence
Business intelligence
Business intelligence mainly refers to computer-based techniques used in identifying, extracting, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes....
, data integration
Data integration
Data integration involves combining data residing in different sources and providing users with a unified view of these data.This process becomes significant in a variety of situations, which include both commercial and scientific domains...
and data processing to the fundamental functioning of everyday business, this role has become more visible and crucial. This role includes defining strategic priorities for the company in the area of data systems and opportunities, identifying new business opportunities pertaining to data, optimizing revenue generation through data, and generally representing data as a strategic business asset at the executive table.
With the rise in service-oriented architecture
Service-oriented architecture
In software engineering, a Service-Oriented Architecture is a set of principles and methodologies for designing and developing software in the form of interoperable services. These services are well-defined business functionalities that are built as software components that can be reused for...
s (SOA), large scale system integration, and heterogeneous data storage/exchange mechanisms (databases, XML
XML
Extensible Markup Language is a set of rules for encoding documents in machine-readable form. It is defined in the XML 1.0 Specification produced by the W3C, and several other related specifications, all gratis open standards....
, EDI
Electronic Data Interchange
Electronic data interchange is the structured transmission of data between organizations by electronic means. It is used to transfer electronic documents or business data from one computer system to another computer system, i.e...
, etc.), it is necessary to have a very high level individual guide the creation and implementation of data strategy. Besides the revenue opportunities, acquisition strategy, and customer data policies, the Chief Data Officer is charged with explaining to executives, employees, and customers the strategic value of data and its important role as a business asset and revenue driver. This is in great contrast to the older view of data systems as backend IT systems.
Cathryne Clay Doss of Capital One was appointed their Chief Data Officer in 2003. Dr. Usama Fayyad, Chief Data Officer and Sr. Vice President of Yahoo!
Yahoo!
Yahoo! Inc. is an American multinational internet corporation headquartered in Sunnyvale, California, United States. The company is perhaps best known for its web portal, search engine , Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Groups, Yahoo! Answers, advertising, online mapping ,...
was also one of the first individuals known to officially hold this job title. Another person who held this title is Thomas Mueller, Chief Data Officer of Allied Management Group (AMG-SIU). John Bottega became the Chief Data Officer of CitiGroup
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
's Corporate and Investment Banking (CIB) unit, which makes him the first person in the financial field to hold that title. He is currently the CDO of the NY Federal Reserve and Chairman of the EDM Council
EDM Council
The EDM Council is a not-for-profit business forum for financial institutions on topics related to Enterprise Data Management. It was created to enable senior officers responsible for data management to share information on the business strategies and practical implementation realities associated...
.