Chief Data Officer

As the role of Chief Data Officer is increasingly recognized as an essential executive-level role, finding and retaining a full-time CDO can be quite a challenge. It can also deliver quite a hit to the budget. Hiring a Fractional CDO is the perfect strategic solution for SMEs that are beginning to accumulate valuable data assets, but don’t yet have the forward-thinking expertise needed to effectively leverage the value in support of organizational growth.

From external generation of data, to data collection and usage, the Chief Data Officer is integral in driving the optimal flow of data throughout the entire organization. The CDO serves as an advocate for digital transformation across all departments, can help your workforce embrace technology shifts, and can seamlessly drive forward progress on high-level data projects, while providing support and mentorship to relevant data teams.

A Fractional CDO is a key player on the executive leadership team, and works seamlessly alongside the CIO, CTO, and other C-level executives, to ensure consistency in the way data is implemented, managed, and used across the organization.

Why Hire A Fractional CDO?

Data is one of the few certainties in the modern business environment. Even amidst an ever changing data landscape, numbers and statistics never lie. When companies begin to truly understand and leverage the power of data analysis and usage, they can future-proof their organization with long-term growth strategies that are driven by data-informed decisions, not guesswork.

This is precisely where a Fractional CDO can step in to show you the inherent value of your data assets, while providing a steadfast digital direction that aligns with your organizational mission, goals, and growth objectives.

However, the responsibilities of a Fractional CDO expand well beyond development of long-term data strategy, privacy, and compliance. An outsourced CDO can also effectively drive change management in a multigenerational workforce with a wide range of technical capabilities, and differing comfort levels with technology integrations. As your company moves forward with data-centric policies and procedures, your Fractional CDO will help facilitate enterprise-wide acceptance and adaptation to a company culture that is driven by data.

Regardless of company size or brand reach, strategic data management and insightful data analysis is a key piece of modern business intelligence.

Benefits Of Hiring A Fractional CDO

Hiring a Fractional CDO can help reveal the untapped potential that lies within your data assets, while empowering your employees, partners, shareholders, and board members to achieve organizational success through the power of smart data usage.

Your Fractional CDO will help to:

• Extract timely and relevant insights based on data analytics, which can be used to proactively enhance systems security, improve productivity, and drive efficient workflows.
• Reduce fragmentation of data across the enterprise, prevent data silos, and encourage migration toward centralized cloud-based data storage that is readily available and accessible to all employees.
• Recommend and introduce emerging data technologies that are powered by AI, machine learning, and NLP, while demonstrating their value to key decision makers.
• Oversee transfer or integration of data during acquisition or merger.
• Explore cost-effective data resources, technology vendors, technical support, or untapped partnership opportunities.

Fractional CDO Roles and Responsibilities

Although services are tailored to meet the needs of your organization, below are the strategic tasks and responsibilities that are typically executed by a Fractional CDO:

• Developing and implementing a long-term data strategy that meets organizational goals and growth objectives.
• Consulting with executive-level leaders and Board of Directors on all aspects of data and analytics operations, including system architecture, software application development, data reporting, user requirements, and machine learning integrations.
• Ensuring availability, accuracy, and usability of data across the entire enterprise.
• Reviewing and improving data storage and data retention policies.
• Ensuring adherence to organizational policies, such as Privacy Policy and Terms of Service, with regard to the way personal customer data is collected and distributed.
• Identifying ways to leverage data-driven marketing solutions that can expand brand reach and maximize consumer exposure.
• Ensuring clarity, consistency, and compliance of data, while providing high-level insights and executive-level leadership for all data-based departments.
• Collaborating directly with the CTO to develop enterprise-wide strategies to prevent data loss or security breach.