S3 | Ep 6 | The Struggles of the Chief Data Officer with Randy Bean, Founder, NewVantage Partners (A Wavestone Company)

In Episode 6 of Season 3, of Driven By Data: The Podcast, Kyle Winterbottom is joined by Randy Bean, Founder of NewVantage Partners (A Wavestone Company), where they discuss the struggles of the Chief Data Officer, which includes;

• The average tenure of the CDO Tenure
• The increase in organisations that believe the CDO role is established and successful over the last 2 years
• The future of the CDO role
• A shift from reporting into Technology
• Stats behind the challenges that organisations face in becoming data-driven
• Why businesses shouldn’t be making investments in data without being able to quantify the business value
• What CDO’s need to do to be effective
• What the most successful CDAO’s do
• The gap that most organisations have between the data capabilities and the ability to use them
• How the language you use demonstrates your credibility
• Navigating the risks of an economic downturn
• The role of lip-service in Data & Analytics
• Finding the balance between innovation and ethics
• Why data isn’t a substitute for human judgement
• Whether it's possible to quantify value that isn’t related to financial returns
• The skills businesses should look for in a CDAO
• Why Data Leadership is an art, not a science
• The importance of organizational readiness
• Navigating reporting lines and organizational structures
• Advice for aspiring CDAO’s
• Why operating in the C-Suite is an additional set of skills beyond Data & Analytics