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 organization20.6% of firms report having established a data cultureBetween 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 companyThe three generations of CDO to CDAO and the pending CDAIO roleThe functional evolution of the CDAO roleWhy the goalposts keep moving for the CDAOThe 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 dataIf you’re still having to convince people then you’ve got the wrong people in the companyWhether 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 todayWhat needs to happen to address those issuesMoving into the AI era as a CDAO The skills needed to be a modern-day CDAOLink tot he article discussed in the episode: https://hbr.org/2023/06/why-chief-data-and-ai-officers-are-set-up-to-fail