Today organizations are building their businesses based on data science. But does this automatically mean that the existing structure knows how to make the best use of data? Not necessarily so, which is why a new portfolio of Chief Data Officers (CDO) are springing up to bridge the gap between CMOs, CIOs and CFOs.
“Big Data" and "Data Science" are hyped terms while in reality organizations struggle to realize value. In fact, the ability to derive value from your data is influenced by the right choice of technologies and staffing with the right skill sets. However, a key strategic investment to make is having the right data culture in the organization.