Two thirds of companies report the role isn’t successful.
These roles are still relatively new. The CDO job was established at big banks in response to the financial crises of 2008–2009, and was subsequently extended to industries as diverse as pharmaceuticals, health care, consumer goods, entertainment, and the Federal government. Between 2012 and 2023,, companies having appointed a CDO grew from just 12.0% to 82.6%, with an expansion of responsibilities over time to include analytics and AI . However, only 35.
In a moment when more companies want and need CDAIOs, the role is as challenging as ever — and often set up for failure. Here are five steps companies can take to fix it.As coauthors we have been firsthand witnesses of and participants in the rise and evolution of the CDAIO role. Randy has served as an advisor to leading companies on the use of data and analytics for over two decades.
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