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S3 | Ep 6 | The Struggles of the Chief Data Officer with Randy Bean, Founder, NewVantage Partners (A Wavestone Company)
Episode 613th December 2022 • Driven by Data: The Podcast • Orbition Group
00:00:00 00:49:39

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In Episode 6 of Season 3, of Driven By Data: The Podcast, Kyle Winterbottom is joined by Randy Bean, Founder of NewVantage Partners (A Wavestone Company), where they discuss the struggles of the Chief Data Officer, which includes;

  • The average tenure of the CDO Tenure
  • The increase in organisations that believe the CDO role is established and successful over the last 2 years
  • The future of the CDO role
  • A shift from reporting into Technology
  • Stats behind the challenges that organisations face in becoming data-driven
  • Why businesses shouldn’t be making investments in data without being able to quantify the business value
  • What CDO’s need to do to be effective
  • What the most successful CDAO’s do
  • The gap that most organisations have between the data capabilities and the ability to use them
  • How the language you use demonstrates your credibility
  • Navigating the risks of an economic downturn
  • The role of lip-service in Data & Analytics
  • Finding the balance between innovation and ethics
  • Why data isn’t a substitute for human judgement
  • Whether it's possible to quantify value that isn’t related to financial returns
  • The skills businesses should look for in a CDAO
  • Why Data Leadership is an art, not a science
  • The importance of organizational readiness
  • Navigating reporting lines and organizational structures
  • Advice for aspiring CDAO’s
  • Why operating in the C-Suite is an additional set of skills beyond Data & Analytics

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