“This signals a marked shift for CDOs and their organizations, with the increasing recognition that the value of the CDO function lies principally in the support of revenue-generating activities,” says Logan. The survey also looked at how CDOs allocate their time and found that on a mean basis, 45% of the CDO's time is allocated to value creation and/or revenue generation, 28% to cost savings and efficiency, and 27% to risk mitigation. More than one-third of survey respondents cite increasing revenue as a top three measure of success, illustrating a shift in preference toward value creation over risk mitigation.
CDOs are switching from defense to offense to lead digital transformation CDOs also form a youthful cohort, with 29% of those surveyed saying they were 40 or younger. Of the respondents to the survey who provided their gender, 19% were female, and this proportion is even higher within large organizations - 25% in organizations with worldwide revenue of more than $1 billion. “ As data and analytics become pervasive across all aspects of businesses, communities and even our personal lives, the ability to communicate in this language - that is, being data-literate - is the new organizational readiness factor.”Īs further evidence of the transformative nature of the CDO, Gartner predicts that by 2021, the CDO role will be the most gender-diverse of all technology-affiliated C-level positions. Unsurprisingly, budgets are higher for large organizations - 25% of organizations with more than $3 billion in revenue have budgets over $30 million. For the first time, more than half of CDOs now report directly to a top business leader, while respondents reported an average CDO office budget of $8 million in 2017 - a 23% increase from the $6.5 million reported in 2016. “It’s not difficult to see how, by 2021, the office of the CDO will be a mission-critical function comparable to IT, business operations, HR and finance in 75% of large enterprises.”Īs the role of CDO continues to grow, the third annual Gartner Chief Data Officer Survey found that CDOs are proving to be linchpins of digital business transformation.
"Early CDOs were focused on data governance, data quality and regulatory drivers, but today's data and analytics leaders are becoming impactful change agents who are spearheading data-driven transformation,” says Valerie Logan, research director at Gartner.
A successful CDO requires the skills of a seasoned high-wire performer who is consistently both stable and agile. Within this challenging role, they unlock data-driven innovation as well as integrate disparate data and analytics capabilities into a strategic discipline, all while delivering a steady drumbeat of quick-win, high-value projects. Today’s chief data officers (CDOs) have one of the toughest seats at the executive table.
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