This paper was written for MIT by Benjamin Woo, managing director of Neuralytix. An excerpt is below. The full text can be foud at the link at the end of the excerpt.
On July 24, 2014, as part of the MIT Chief Data Officer Information Quality (CDOIQ) Symposium held in MIT’s East Campus, four CDOs from TD Ameritrade, Conning, Inc., Board of Governors of the Federal Reserve System and EMC were empaneled to share their views on information leaders can establish the increasingly vital role of the Chief Data Officer (CDO) in their organizations.
The panelists were:
- Derek Strauss, CDO TD Ameritrade
- Brian Bacyzk, CDO Conning, Inc.
- Peta Gay Tessy, Lead Info Architect, Office of the CDO, Board of Governors of the Federal Reserve System
- John Smits, CDO for Global Business Operations, EMC
The panel was moderated by Derek Strauss.
While the information industry has recognized the need for a coordinated approach to the collection, protection, and value-adding processes necessary to ensure that organizations can generate net new value and competitive differentiations, the establishment of a CDO office is often overlooked as an extended information technology (IT) function, rather than an organization-wide optimization function. To that end, each of the panelists were asked to share their individual experiences as it relates to:
- The impetus that drove each of their organizations to establishing a CDO office;
- The first 90 days after the office was implemented; and
- The lesson learned from the establishment of a CDO office.