EFIS 2016: Chief Data Officers Outline Drivers, Challenges of CDO Role

As data functions reach maturity, buy-in from other c-level positions is crucial the emerging CDO function.

efis-cdo-panel

Overall, the panel said their key challenges as CDOs and senior data management execs are data governance-ownership and stewardship of the data-data quality, and reporting. It's not just regulators who want to see consistency and accuracy; "Our clients also want to see more transparency around the end-to-end business process," said Ed Boag, chief data officer at Pioneer Investments.

At HSCB, the bank saw a need to create chief data officers across each of its business lines, as well as a group

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