According to the 2021 NewVantage Partners Big Data & AI Executive survey, 99% of firms are reporting active investment in data science and machine learning. However, fewer than 30% of organizations are experiencing transformational business outcomes as a result of these investments, and only 24% of them claim they have created a data-driven organization. Interestingly, 99% of executives believe that a lack of data culture and skills is the chief obstacle towards building a data-driven organization. In this CDO panel discussion, we discuss with three Chief Data Officers in global organizations the critical importance of building data cultures and operationalizing data-driven decision-making throughout the organization. We’ll hear insights from Allianz Beneluxs’ Regional Chief Data and Analytics Officer Sudaman Thoppan Mohanchandralal, Gulf Bank’s Chief Data Officer Mai AlOwaish, and Zand’s Chief Data Officer Eddy Farhat on their journey forging data-driven organizations.
Key Takeaways:
- In-depth discussion on the critical importance of building data cultures
- Best practices and strategies for leading culture transformation programs
- Examination of the CDO role in 2022 — and how data culture fits into the overall CDO agenda