S3 | Ep 39 | What is the CDAIO and Why They are Set-Up to Fail with Allison Sagraves, Founding (former) Chief Data Officer at M&T Bank, and Board Advisor!
In Episode 39 of Season 3, of Driven by Data: The Podcast, Kyle Winterbottom is joined by, Allison Sagraves, Founding (former) Chief Data Officer at M&T Bank, and Board Advisor, where they discuss the role of the CDAO in the new era of AI and why they are set-up to fail, which includes;
- 91.9% of firms report that they have achieved some measurable value from their investments in data and analytics,
- 23.9% say they have created a data-driven organization
- 20.6% of firms report having established a data culture
- Between 2012 and 2023, companies having appointed a CDO grew from just 12.0% to 82.6%
- Only 35.5% of major companies report that the role is successful and well-established
- Just 40.5% say that the CDAO role is well understood within their company
- The three generations of CDO to CDAO and the pending CDAIO role
- The functional evolution of the CDAO role
- Why the goalposts keep moving for the CDAO
- The need for defined success metrics
- Why the Data & Analytics industry is always under construction
- Why we’re too glass half empty and there’s too much focus on what we’ve not achieved
- The need to quantify what value is and communicate the value we’ve achieved
- The “build it and they will come” mentality
- How we no longer need to sell the simple concepts of data
- If you’re still having to convince people then you’ve got the wrong people in the company
- Whether reporting line impacts the effectiveness of the CDAO role
- The hardest thing for any CDAO to figure out is identifying what problem you actually need to solve
- What’s wrong with the CDAO role as of today
- What needs to happen to address those issues
- Moving into the AI era as a CDAO
- The skills needed to be a modern-day CDAO
Link tot he article discussed in the episode:
https://hbr.org/2023/06/why-chief-data-and-ai-officers-are-set-up-to-fail
