​Why the channel must get to know the Chief Data Officer

​Why the channel must get to know the Chief Data Officer

The rise of the CDO signals an age of “infinite possibilities” for partners.

At the end of last year, 25 per cent of large global organisations had already hired a chief data officer (CDO).

By 2019, Gartner expects that number to reach 90 per cent, signalling an age of “infinite possibilities” for channel partners.

“This rapid shift is the tip of the iceberg,” Gartner research vice president, Ted Friedman, observed. “It represents a much deeper change occurring throughout most organisations.

“Practitioners of distinctive data and analytics disciplines will need to broaden their understanding, and work more closely with others to realise the benefits of using data and analytics to capture transformative business opportunities and mitigate risks.”

In short, the journey toward digital business is, at its core, a drive to better collect, manage and exploit data assets and apply analytics for richer insights.

By 2018, Gartner predicts that over half of large organisations will compete using advanced analytics and proprietary algorithms, disrupting entire industries.

This, in turn, is being driven by the proliferation of devices, connected "things," connectivity and computing power - all of which creates more opportunities to collect data, analyse it, and potentially monetise it.

As business leaders start to grasp the huge potential of digital business, while demanding a better return on information assets and use of analytics, the importance of the partner heightens.

From a channel perspective, CDOs will face a number of challenges, to the extent that only 50 per cent will be successful by the end of 2019.

Consequently, challenge and complexity creates opportunity for partners, with the role new in most organisations, meaning that most CDOs will be learning on the job.

Therefore, they will have the difficult task of creating an information strategy with relevant metrics that tie the activities of their team to measurable business outcomes.

“With the explosion of datasets everywhere, an important task is determining which information can add business value, drive efficiency or improve risk management,” Gartner research vice president, Mario Faria, added.

“The CDO's role will raise expectations of better results from an enterprise information management strategy, with stakeholders wanting a clear idea of the exact mechanics of making success a reality.”

Specific to the channel, partners can find success in helping CDOs create an enterprise information management strategy based on the organisation's business strategy and predominant value discipline.

In addition, they can help the executives build trust with various business stakeholders, especially the CIO, alongside advising how best to educate senior leaders and peers about the role that data and information play in overall business success.

Delving deeper, CDOs will also seek help in establishing baselines on information governance and data monetisation from which progress can be measured, as well adopting formal information asset measures and share them with the organisation.

“The opportunities to generate business value from data and analytics are practically infinite,” Friedman added.

“The challenge is how to harness this rapidly expanding landscape - how to target the right opportunities - despite internal constraints such as budgets, governance mandates, skills and culture, and external forces like competition, market dynamics and regulatory and social pressures.”

Looking ahead, Friedman said the modern data and analytics leader has an “unprecedented chance” to transform the organisation on its journey into the world of digital business, and the course of action for partners is clear.

“Craft a strategy to overcome the data science skills gap, modernise data infrastructure and analytic platforms, govern and take advantage of diverse information sources, and spearhead data and analytic projects that have high-value payback,” he explained.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags analyticsGartnerdatachief data officer



Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
​What are the top 10 tech trends for New Zealand in 2017?

​What are the top 10 tech trends for New Zealand in 2017?

Digital Transformation (DX) has been a critical topic for business over the last few years and IDC is now predicting a step change as DX reaches macroeconomic levels. By 2020 a DX economy will emerge and it will become the core of what New Zealand industries focus on. From the board level through to the C-Suite, Kiwi organisations must be prepared to think and act digital when the DX economy emerges in 2017.

​What are the top 10 tech trends for New Zealand in 2017?
Show Comments