90% of large organisations will have a Chief Data Officer by 2019
In 2014 there were just 400 Chief Data Officers (CDOs) in large organisations, this rose to 1,000 in 2015. Gartner – the world’s leading information and technology advisor – predicts that the increased use of data assets will lead to a huge rise in CDO roles by 2019.
Mario Faria, Research Vice President at Gartner, said: “Business leaders are starting to grasp the huge potential of digital business, and demanding a better return on their organisations' information assets and use of analytics. It's a logical step to create an executive position — the CDO — to handle the many opportunities and responsibilities that arise from industrial-scale collection and harnessing of data."
Because CDOs will be learning on the job, Gartner expects that only 50% will be successful. They face the difficult task of implementing an information strategy with relevant metrics that tie to what other parts of the business are trying to achieve.
Faria said: “With the explosion of datasets everywhere, an important task is determining which information can add business value, drive efficiency or improve risk management. The CDO's role will raise expectations of better results from an enterprise information management strategy, with stakeholders wanting a clear idea of the exact mechanics of making success a reality."
Many CDOs already report a high level of resistance to the changes they are trying to implement, particularly from IT departments.
Gartner has six recommendations for new CDOs to help them overcome common challenges:
- Create an enterprise information management strategy based on the organization's business strategy and predominant value discipline.
- Work tirelessly to build trust with various business stakeholders, especially the CIO.
- Educate senior leaders and peers about the role that data and information play in overall business success.
- Establish baselines on information governance and data monetisation from which progress can be measured.
- Tie quantifiable information metrics to quantifiable business key performance indicators to demonstrate tangible success.
- Adopt formal information asset measures and share them with the organisation.
CDOs should attend the dedicated CDO programme at the Gartner Enterprise Information & Master Data Management Summits 2016 taking place in London, UK on 2-3 March. Find out more here.
Grupo Espinosa: 70 years of constant evolution
Founded in 1952, Grupo Espinosa has been relentlessly supporting the publishing industry with producing more than 100 million copies every year – whether its books, magazines, catalogues or single-order custom prints. No project is big or small for Grupo Espinosa, as the facility can scale up on demand and their turnaround times are highly competitive. Grupo Espinosa works with on-demand digital press or offset press, in paperback with glued softcover binding, PUR softcover binding, stitched paperback binding, binder’s board, hardcover, saddle stitched, Spiral or Wire-O. Equipped with the experience needed for a product to leave the plant ready for distribution, Grupo Espinosa delivers anywhere inside or outside Mexico. Traditionally starting off as a black and white printing press, Grupo Espinosa has experienced transformation first hand – from colour to digital offset printing. Currently, Grupo Espinosa is also looking at making capital investments into audio books to match with the increasing demand.
So how did a seemingly local operation in Latin America become a world-renowned printing facility trusted by hundreds of clients? As Rogelio Tirado, CFO of Grupo Espinosa for the last six years says “It all comes down to our market experience and our dedication to quality”. With nearly 70 years behind them, and located in Mexico City, Grupo Espinosa has two major locations – one spanning 75,000 square metres and the other about 45,000 square metres. Both locations are controlled by a single ERP (Enterprise Resource Planning) system ensuring speed, consistency and quality of work. Tirado says this isn’t their only competitive advantage. He adds “Our competitive advantage is the relationship we have with customers and the trust they put in us with their intellectual property”. Speaking of trust, global publishing giant Macmillan Education exclusively partners with Grupo Espinosa for their Latin America operations, as part of Macmillan’s decentralized hub strategy. Having a facility that offered the full spectrum of service – from storing digital content to printing and distributing – was one of the major requirements for Macmillan, and Grupo Espinosa was recognized as the leading printing hub for providing this 360 infrastructure. Another factor that has led to success for Grupo Espinosa is the absolute focus on quality and time. The staff are committed to providing the best quality in the best possible time, without causing wastage of resources. Sustainability is a huge factor playing into Grupo Espinosa’s operations, and they’ve created a healthy environment with the sustainable use of paper and energy resources as well as keeping their employees – most of them associated with the organisation for over 10 years – happy. He adds, “In order to be truly successful, you need to be good to the environment, employees, suppliers, and your customers. But most importantly, you need to be sustainable, you need to have proper working conditions, pay proper salaries, proper prices for paper, source the paper from sustainable sources, pay your taxes, basically be a good global corporate citizen and that's probably one of the biggest achievements that we have.”