cios: harnessing data for business competitive advantage
DESCRIPTION
Thomas H. Davenport suggests that businesses with a right to win increasingly are competing on analytics. But what do CIOs need to do in order to enable their firms to compete on analytics?TRANSCRIPT
CIOs: Harnessing Data for Business Competitive Advantage
CIOs believe “competing on analytics” has becoming a business axiom and a place to finally drive the allusive business-IT alignment
Yet most believe data is still not a competitive advantage in their organizations
Data Intake
Storing Data
Processing of Data
Analyzing Data
Most CIOs says their technical integrations are incomplete, fragile, and difficult to maintain
Many CIOs say basic “data hygiene” functions are not completeThis means they have questionable data that has to be manually correction instead of accurate information for decision making.
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The rate of business change means user need data soonerCIOs say they need to provide the ability to data prototype before spending the $s to create a data warehouse
Providing corporate data for the first time on any device means protecting access and data like never before
Data should not simply slip off an endpoint device
New Big Data Implementations put all the eggs in one basketBig Data demands new data access and masking protection
Eight steps data-driven CIO need to take
1. Work with the business to establish data owners
2. Work to get data their businesses can use3. Make it faster and easier to pull knowledge
out of data4. Enabling integration with new sources of
data5. Establish unified data governance across all
data sources6. Focus analytics investment on the right
business problems7. Enable business decision makers to
discover and use data8. Use these steps to elevate the value of the
IT
Data Driven CIOs will win• Increase their
longevity• Demonstrate greater
business relevance• Achieve better IT-
business alignment• Help their businesses
manage and make better decisions
Learn more about our research of CIOs
The Secret To Being A Successful CIO
Driving IT Business Alignment: One CIOs Journey
How Is The CIO Role Starting To Change?
The CIO Challenged
How CFOs can change the conversation with their CIO?
Informatica
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