In Marco Iansiti and Karim Lakhani’s e book, “Competing on AI,” they counsel that Artificial Intelligence (AI) is about reinventing “the core of the modern firm where processes are digitized and enabled by an AI factory that treats decision making as an industrial process.”
The intention of an “AI factory is to create a virtuous cycle between user engagement, data collection, algorithm design, and improvement.” The objective, they consider, is to create a “data supermarket.” But how do organizations go about creating an information benefit? This was the subject of a current #CIOChat.
Where Does Data match inside the CIO Charter?
CIOs are clear that IT leaders have an essential and sustaining function in making a enterprise information benefit.
Former CIO Isaac Sacolick says, “if data isn’t a top priority/mindset then that’s a problem! CIO must change the culture by defining what data-driven means at the company and lead self-service and data governance capabilities.” CIOs consider that IT organizations ought to personal the next:
- Data well being
- Data safety
- Data high quality
- Data utility
- Data accessibility
- Data governance
Former CIO Ken Leblanc believes attaining these ends requires “standards, orchestration, quality, rationalized repositories, integrations, underlying plumbing, and center of expertise.”
For CIO Carrie Shumaker, this implies “ensuring there is a data governance process in place. It means, as well, ensuring data is made available, not locked down unnecessarily.”
Constellation Research Analyst Dion Hinchcliffe provides “the CIO top-level role in data is to be the steward and ombudsman. The line of business generally owns the data. The CIO role should include data security, data management, and data governance for the enterprise,” he says.
“CIOs should be an enabler to ensure data fully serves the organization,” he continues. “Data is the enterprise’s most valuable and irreplaceable business asset. This is why so many bad actors are focused globally on breaking into IT systems and taking it. The unfortunate truth is that most organizations greatly underuse what they have. Or they too tightly control and hoard data.”
With the Emergence of CDOs, Where Should CIOs Put Their Attention?
Nick Heudecker, Former VP of Data and Analytics at Gartner, claims “CIOs are at a strange crossroads with data today. They are both competing and collaborating with CDOs that may be taking their budget and staff, but they’re still ultimately responsible for data infrastructure.”
Some, says Microsoft Security Architect Wayne Anderson, consider, sadly, that the CDO is a yellow flag to the CIO to take a look at their function within the group.” Without questions, CIOs must make IT a greater accomplice. To do that, they should join with the enterprise. They must make information transformative occur and must change into an information champion.
Former CIO Joanna Young argues for information to win there must be collaboration between expertise capabilities. She says, nonetheless, “I have yet to see an organization with CIO, CTO, and CDO where the sum is greater than the parts, as roles and responsibilities get murky how can they be effective?”
With this stated, IT usually doesn’t personal the company’s information. For this motive, Sacolick says, “a key duty of the CIO and/or CDO is defining house owners and educating them on their tasks particularly for information high quality. With this, IT can help efforts with instruments, monitoring, and automation.
What’s unhappy is that many organizations are simply beginning to notice that is a part of the issue.” Sacolick argues, “too many organizations pin this tactical work on the CDO. Making them solely an information repair it chief, is…
