The CDO is the senior executive who bears responsibility on behalf of an enterprise to foster value creation from the use of the organization's data assets, as well as the external data ecosystem. The authorities include value creation through data exploitation, envisioning data-enabled strategies as well as enabling all forms of business outcomes through analytics, data and analytics governance, and enterprise information policy. The CDO is the head of all enterprise analytics, decision making affecting analytics, directing analytics processes, and for using analytics to drive innovation and enterprise objectives. Moreover, the CDO is the senior-most executive with responsibility for aligning data policy and administration with relevant regulatory, legal and ethical mandates.
Be the executive with authority, responsibility and accountability to exploit the value of enterprise information assets and the analytics used to render insights for decision making and regulatory reporting.
Define information strategy practices, lead the creation and assure the ongoing relevance of the firm's information strategy in association with the CIO, chief strategy officer and CEO.
Drive the development and deployment of the enterprise's data and analytics platform for digital business. Lead strategy and the development of data and analytics products. To support these endeavors, collaborate with the CMO, CTO and CIO to assure digital products are released on time, on budget and with high quality.
Work with board members, the CEO, the CIO, other C-level executives and legal to establish vision, to govern and to create a culture that manages data as an enterprise asset.
Identify and standardize the use and governance of data and analytics in support of the enterprise's business strategy. This includes the governance of data and algorithms used for analysis, analytical applications and automated decision making.
Institute a programmatic approach for enterprise information management to identify, prioritize and execute the data and analytic initiatives with clear line of sight to enterprise strategies and business outcomes.