You just need to know where to start and how to create a continuous lifecycle of improvement.
Check out our AI governance framework for help with this.
As a Chief Data and Analytics Officer (CDAO) or Chief Data Officer (CDO), you stand at the forefront of transforming data into a strategic asset.
However, with an average tenure of roughly two-and-a-half years, CDAOs and CDOs have the shortest tenures of any C-suite executives, according to a 2023 Deloitte study (1).
For CDAOs to truly become disruptors, you need more time in the C-suite. So how do you achieve the strategic value you need to become a true organizational hero?
By accelerating AI adoption.
Today, a typical data use case can take 6 to 9 months to have an impact. With AI, however, new use cases can be rolled out fast — in weeks, instead of months — and accelerate value to your organization.
Fortunately, the path to not only surviving but thriving in your role isn’t technical and it doesn’t require large-dollar investments to achieve.
To drive value and create lasting impact, the key is fostering cross-collaboration.
The truth is, it has never been easy to be a CDAO.
The challenges are varied and complex – Data ownership across an organization. Siloed data. Skill gaps and talent shortages. A rapidly evolving technology landscape. Difficulty proving ROI.
And all this before the introduction of generative AI.
Today, however, the c-suite is abuzz with discussions of this transformative technology, and many executive leaders are eager to invest in its potential.
85% of executives say they will increase their spending on AI and generative AI in 2024.
89% of executives rank these initiatives as a top-three tech priority for 2024.
Source: Boston Consulting Group survey of 1400+ C-suite executives (2)
The upshot for you: CDAOs and CDOs are now presented with a once-in-a-lifetime opportunity to capitalize on AI enthusiasm and secure buy-in for AI initiatives.
But success isn’t only about upskilling, minimizing risk or navigating the vendor landscape — although these are all critical.
To turn your challenges into opportunities, your most valuable investment will be to foster exceptional cross-collaboration.
By breaking down silos and uniting critical data personas across the organization — from business units to IT to data/analytics teams to Legal — you can unlock the full potential of your organization’s data assets, driving significant business value.
The average CDAO tenure is roughly two-and-a-half years, among the shortest tenures of any C-suite executives.
Source: 2023 Deloitte study
As a CDAO, your ability to foster collaboration across organizational silos is critical to driving business value in an AI-driven world.
To achieve success, an important goal for your data office should be bringing these teams together. Why?
By aligning their efforts with the needs of the business, you can create a virtuous cycle of AI innovation and success.
Here are five strategies for uniting data personas and driving impact:
1. Develop a shared vision
The benefit: A unified vision helps align disparate teams toward common goals, fostering a sense of purpose and direction that is essential for cohesive and effective collaboration.
2. Foster cross-functional collaboration
The benefit: This strategy not only enhances the team’s ability to innovate by leveraging diverse perspectives but also ensures AI initiatives are developed with a comprehensive understanding of technical, ethical and regulatory considerations, leading to more sustainable and responsible AI solutions.
3. Invest in skills development
The benefit: Continuous learning and development help keep the team ahead of the curve in a rapidly evolving AI landscape, while cross-functional understanding builds empathy and collaboration, leading to more effective problem-solving and innovation.
4. Establish clear governance frameworks
The benefit: Clear governance frameworks not only protect the organization from potential legal and ethical pitfalls but also build trust among stakeholders, including customers and regulatory bodies, by demonstrating a commitment to responsible AI practices.
5. Celebrate successes
The benefit: Celebrating these successes builds momentum, fosters trust and garners support for future AI initiatives, ensuring ongoing investment and resources. It also reinforces the value of collaboration and encourages a culture of recognition and appreciation within the organization.
You just need to know where to start and how to create a continuous lifecycle of improvement.
Check out our AI governance framework for help with this.
By implementing these strategies and understanding their benefits, CDAOs can become the catalysts for change and innovation within their organizations, extending their impact and tenure.
As the world becomes increasingly AI-driven, your role is more critical than ever. Be willing to disrupt your current organization’s status quo and turn AI projects into competitive differentiators.
By implementing these five strategies, CDAOs like you can become the data heroes your organization needs.
By championing cross-collaboration, building strong governance frameworks and aligning with your organizational objectives, you can secure your position and drive success for years to come.
At Collibra, we understand the importance of effective data management and collaboration. And we know successful AI initiatives start with trusted data. Our solutions are designed to help CDAOs and CDOs unite data personas and drive business value, especially in the era of AI.
Ready to be a CDAO hero? Why wait any longer? See why Collibra AI Governance is the perfect side-kick.
1 Deloitte, ‘Introduction to CDO 2.0.’ July 17 2023.
2 Boston Consulting Group. ‘From Potential to Profit with Gen AI.’ January 12, 2024.
AIMay 21, 2024
AIJuly 15, 2024
AINovember 13, 2023
AI GovernanceFebruary 28, 2025
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