According to Gartner analysts, we’ll see an increase in the number of Chief Data Officers in the coming years. This relatively new role stems from the need among organizations to improve the way they handle data and the wish to get the most out of said data. Rules and regulations are becoming more strict and complex, which is why the way data is handled needs to be improved. In addition, we can now extract more information from data as a result of modern storage and analysis technologies, which allow us to store and analyze data in a better way.
Appointing a CDO is becoming much more of a requirement. It is important for every organization to establish who is responsible for the data. You can only be compliant and apply your analyses when there is maximum clarity on this matter.
Naturally, not every organization is big enough to make someone from the C level responsible for the data. If this is the case, it is advisable to appoint someone else from within the organization. This person can act as the first touchpoint for every concrete question relating to data, varying from compliance issues to analytics.
Whether you appoint a CDO or a data officer, in both cases it is important that – as an organization – you are able to integrate the data from a variety of sources in such a way that every type of analysis is based on the right, correct data. The number of sources in which organizations store data is always higher than people think. A standard marketing department easily uses twenty different applications that house data. In fact, when it comes to marketing, the amount of supporting applications has grown strongly. In the last few years, the number of applications has increased from a couple of hundred to over four thousand.
It is becoming more challenging to integrate the data from all those sources. And relying on a traditional Extract Transform Load (ETL) approach is of little use. Today, you need a platform that integrates data from any source – cloud services, on premise applications and databases – in a clear and easy way. Such a platform should offer the following components to make the life of the CDO a little easier.
- Pre-built application connectors and templates – The connectors form a link between dozens of popular cloud and on premise applications, such as Salesforce, Microsoft Dynamics CRM, SugarCRM, SAP, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics 365, NetSuite, and SQL Server. The templates provide the starting point by making sure the popular application combinations are ready to use.
- Management of multiple integrations – A comprehensive management console is needed to continuously offer updates on the health of all running integrations and the ability to investigate potential issues. This simplified the management of multiple integration projects and creates the overview the CDO needs.
- Integration lifecycle management possibilities – With a visual design environment that is self-documenting, you lower the maintenance costs and simplify the handoffs to new employees who run, deploy and maintain integrations.
The Chief Data Officer has enough work to do, and Scribe wants to help simplify it for every party involved in the integration. Not just to be compliant, but to make sure data can be turned into actionable information which continuously improves the decision making within the organization. Start 2017 out right and appoint a Chief Data Officer. Not one organization will regret it.