Corporate data has grown so much that somebody needs to be in charge of it, say vendors and analysts
The number of C-level management positions seems to be growing. Now people are talking about a chief analytics officer.
According to analysts quoted in ComputerWorld, there’s now a desire among enterprises to put someone in charge of company-wide strategy on the business intelligence/analytics front. This has occurred because many larger enterprises are finding that they can tap into valuable insight from many different parts of their organization.
The CAO, according to the analysts, would take over the roles currently played by chief financial officers and chief marketing officers. He or she would also compensate for the dearth of trained data science professionals within the organization by creating an “information supply chain within the organization,” according to the article.
If companies are indeed serious about creating the position, it shows how important analytics has become; the analyst quoted in this story said that CAOs should not report to a CIO or CTO, as it would hurt their effectiveness.
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Moving from the back office to the front lines: CIO insights from the Global C-suite Study
This report from IBM’s Institute for Business Value summarizes the results of more than 4,000 interviews with C-suite executives worldwide about the changing role of technology and the Chief Information Officer (CIO).