Ep 26 | The CDO: Building Successful Data-Driven Organisations with Chris Bannocks, Chief Data Officer at Danone
In Episode 26 of Driven by Data: The Podcast, Kyle Winterbottom is joined by Chris Bannocks, Chief Data Officer at Danone, where they discuss the trials and tribulations surrounding the current CDO role, which includes:Why the average tenure of the CDO is only 2 years That many boards haven’t realised this needs to be a strategic priority How the eagerness to obtain a CDO role is contributing to the tenureHow most boards are dipping their toe into the water The type of questions you should be asking to gauge the readiness for the role in the organisation Why it’s important to recognise the difference in scaleWhy coming from a technical background is advantageous, but that alone isn’t enough Why the appointment of "Non-Exec Data Leaders" will be an indication of maturity How the consultancy organisations are playing their part in thisWhy some businesses won’t need a CDOHow ROI can be seen within 6 months & it could cost up to 200mWhy it’s essential to have an official communication strategy & budget to drive change What those type of comms strategies could consist ofWhy experimentation and innovation are essential but seen as the nemesis within the businessWhat organisation should be considering to decide whether to appoint a CDOThe key things Data Leaders should be thinking about before taking a CDO role