Data is increasingly important to organisations. The increasing ease of creating and modifying data and overlapping business processes is creating an ever more complex data landscape. Increasingly stringent legislation, such as GDPR, means that effective data management is something few organisations can afford to ignore. Effective data management/ exploitation is now the differentiator of successful organisations in many sectors.
- Do you know where all your critical data is?
- How much critical data is stored in uncontrolled spreadsheets?
- Can you rely on this data?
- If not, then can you rely on the outputs of reports, KPIs and data analysis?
- What is the level of business risk arising from data?
Whilst some may believe that ‘IT’ or the CIO are responsible for data quality, in reality, IT will often be unaware of whether data is correct or not. IT will almost certainly be completely unaware of the multitude of spreadsheets being used to run the organisation, the ways that data is manipulated in these ‘local’ systems and the inefficiencies that may arise.
In order both to exploit the data effectively and to ensure that the data is managed efficiently many organisations are appointing a Chief Data Officer (CDO).
For organisations that are not large enough to be able to appoint a dedicated CDO, we offer a Virtual CDO service. This service is led by Julian Schwarzenbach, an experienced information manager with a strong track record in supporting organisations to improve their data exploitation.