Regardless of excessive demand for knowledge management, CDO roles want enchancment

At a time when data-driven corporations persistently outperform their friends, robust knowledge management could make the distinction between success and failure. In truth, Chief Knowledge Officers are actually a everlasting fixture in 65% of corporations — a outstanding enchancment on the 12% of corporations the place CDOs had a house in 2012, in line with analysis by Exasol.

Above: In response to Collibra and Forrester Consulting, there are clear income advantages from going data-driven. However Exasol’s analysis finds CDOs are pissed off by C-suites blocking the change required.

The survey uncovered excessive demand for strong data leadership, in addition to some confusion and uncertainty in regards to the CDO function. In response to the examine, roughly half (50%) of CDOs imagine the worth of their function just isn’t but acknowledged within the enterprise world, whereas the same quantity (46%) say that organizations’ expectations for the CDO function are too excessive and are misinformed. Its findings additionally helps earlier analysis revealing that the typical CDO tenure is shorter than most, discovering that one in 5 (17%) of the CDOs surveyed had solely stayed of their earlier function for between one and two years, a nod to the excessive demand for these professionals.

General, 64% agreed that the profession path to CDO isn’t apparent. On the subject of nurturing knowledge professionals of their journey to CDO, the report uncovered a possibility for non-technical professionals to imagine the function. Of these surveyed, solely 3% have been from arts/inventive background however 59% agreed there was worth in hiring candidates with extra various backgrounds.

Since data centric corporations are 58% extra prone to exceed income purpose, there has by no means been a extra thrilling time or alternative to assist knowledge specialists, nurture knowledge expertise and develop our horizons within the seek for knowledge leaders of the long run.

To higher perceive the CDO journey, Exasol surveyed 250 lively CDOs from throughout the UK, the US and Germany to uncover the training, talent units and the experiences which have helped present CDOs get to the place they’re in the present day, the challenges and boundaries they’ve confronted alongside the way in which and what wants to vary with a view to assist and promote extra expert individuals into the function of CDO.

Learn the full report by Exasol.