The Chief Data Officer Digest

I often come across news, articles and research that I think might be of interest to Chief Data Officers, so I thought I would start this article as a means to share. I will update the article on a regular basis. If you have suggestions on content you would like to share please message me.

Week of March 9, 2020

PwC: Consumers Trust Less Than You Think - 85% of global consumers wish “there were more companies I could trust with my data.” Until now, consumers have generally stayed with businesses despite mistrust over how their data is used. Most have remained even after well-publicized security breaches. But a new global survey (part of PwC's Consumer Intelligence Series) of over 5,000 consumers and 2,000 executives indicates that this consumer tolerance could be about to change.

 Gartner: 3 Ways to Embrace Proactive Data Ethics - Organizations must define their ethical framework for proper data use before they pursue new data-driven initiatives, and regularly after launching them.

 Harvard Business Review: Are You Asking Too Much of Your Chief Data Officer? - Today, CDOs typically have multiple objectives, but often there is little consensus about which are most important. In addition, achieving these different objectives may require substantially different types of experience and skills. Many CDOs will find it difficult to excel at everything they’re expected to do.

McKinsey’s QuantumBlack: CausalNex - Open source software that allows data scientists and domain experts to co-develop models that go beyond correlation and consider causal relationships. Enables practitioners to learn structural relationships from data and allow domain experts to verify the accuracy of the relationships between different data sets. You are also able to fit conditional probability distributions and observe the effect of potential interventions.

Informatica: MDM and Data Governance Virtual Summit - Data leaders from Hertz, Highmark Health, New York Life, Invesco, and Toyota Financial Services will share their experience and best practices in use data to improve business outcomes. 

Week of February 24, 2020

First 90 Days as CDO - Michael Conlin, Chief Data Officer of the United States Department of Defense shares his perspective on what to do in your first 90 days to be successful in the CDO role.

 Top 5 Myths and Misconceptions of Data Literacy - Valerie Logan discusses her view of the top 5 myths and misconceptions surrounding data literacy, and how to get started with a pragmatic approach to growing data literacy.

 Nielsen: 2019 Marketing Report - Are your marketing teams considering how data quality affects the success of their campaigns? Despite the negative outcomes of using poor quality data, only 28% of marketers view data quality as a priority for marketing campaigns.

 The Deloitte Global Chief Procurement Officer Survey 2019 - Poor master data quality, standardization and governance are cited as the biggest challenge for Chief Procurement Officer in mastering digital complexity. The survey findings point to poor data quality too many systems and poor standardization, creating an inability to generate analytics and insights to drive better procurement outcomes

 Data Marketplace Demo - This webinar showcases the industry’s first end to end data marketplace with a catalog, order management, and governed data provisioning capabilities. See how market leading data management capabilities, are combined with AI-powered automation to scale data curation and empower trusted data use across the enterprise.

Week of February 17, 2020 – This week I found a lot of content around people and leadership topics this week.

Harvard Business Review: Cracking the Code of Sustained Collaboration - The CDO role, is one requiring cross-functional collaboration for success. In this HBR article, hear six training techniques that enable both leaders and employees to work well together, learn from one another, and overcome the psychological barriers that get in the way of doing both.

 MIT Sloan: The New Leadership Playbook for the Digital Age - MIT Sloan Management Review in collaboration with Cognizant ran a global executive study and research report on the future of leadership. Readers will see practicable findings and specific recommendations to develop a new generation of leaders excited and well equipped to lead in the digital economy.

McKinsey & Company: Lost in Translation - Success with AI and analytics requires not just data scientists but also entire cross-functional agile teams that include data engineers, data architects, data visualization experts, business users, and – perhaps most important – translators, that connect analytics with real business value.

 Wharton at Work: Top Tips for Persuading Others - Persuading others to go along with a course of action, to agree to a commitment, or to accept a decision can be difficult even for highly experienced leaders. Often, that’s because of a mistaken belief that it’s all about the evidence: make your data-supported case, and you’ll win. In fact, persuasion is not just about logic and evidence.

Informatica: Data Strategy Playbook - This in-depth playbook goes beyond superficial advice as successful data leaders share their experiences and insights.

• How to scope your strategy and identify key action areas
• How to market your wins and earn support
• Where data governance and data management fit in

Week of February 10, 2020 – I found a lot of #AI related content this week

A CDOs view on Data Science - Michael Conlin, Chief Data Officer of the United States Department of Defense shares his perspective on what a CDO needs to know about data science.

10 Policy Principles Need for Artificial Intelligence (AI) - New policies need to be created for artificial intelligence (AI) in order to govern its use while allowing for innovation, according to the US Chamber's Technology Engagement Center and Center for Global Regulatory Cooperation.

 Singapore’s Model AI Governance Framework - This Model Framework provides guidance and measures promoting the responsible use of AI that organizations should adopt.

 McKinsey & Company: Global AI Survey - The findings of the latest McKinsey Global Survey on the subject show a nearly 25 percent year-over-year increase in the use of AI in standard business processes, with a sizable jump from the past year in companies using AI across multiple areas of their business.

 The Chief Analytics Officer’s Guide to Getting Analytics Right - eBook that covers how to empower broader and more consistent use of data across the enterprise. The role of enterprise data management in ensuring trust in data-driven decision making. And how to facilitate more collaboration across business and IT teams involved in data and analytics activities. 

Week of February 3, 2020 – Last week we had #DataPrivacyDay, so for this weeks #CDODigest I focused on Privacy related content.

Data Privacy Day 2020 - Recent years have been transformational for privacy. In the wake of GDPR, governments around the world, are enacting privacy laws and regulations. On January 28, experts on U.S. and international privacy delved deep into the global wave of regulations and what they mean for economies around the world today and into the future.

Consumer Data Privacy and Personalization at Scale - McKinsey & Company: Customer concerns about the security and privacy of their online data can impede personalized marketing at scale. Best-practice companies are building protections into their digital properties.

 Privacy and Freedom of Expression in the Age of Artificial Intelligence - Privacy International: AI transforms how individuals and groups can be tracked and identified, and dramatically alters what kinds of information can be gleaned about people from their data. While AI has the potential to revolutionize societies in positive ways, there is real risk that it will have a negative impact on privacy and the right to freedom of expression and information.

 Do you Care About Privacy as Much as Your Customers Do? - Harvard Business Review: An important new group of people say they care about privacy, are willing to act, and have done so by switching companies or providers over data or data-sharing policies. We call this group privacy actives and, to our best knowledge, this is the first time such a group has been identified.

20 Questions on the California Consumer Privacy Act (CCPA) - Informatica: Joe Bracken, Deputy General Counsel at Informatica answers 20 common questions that business and consumers should be asking about how CCPA will impact them.

 Week of January 27, 2020

Preparing to Become a CDO - Michael Conlin, Chief Data Officer of the United States Department of Defense shares his perspective on what to do if you aspire to be a CDO.

 PwC: 2020 CEO Survey - Launched at World Economic Forum in Davos, Switzerland on 20 January 2020, PwC’s 23rd Annual Global CEO Survey, explores how CEOs are taking action to address the rising tide of uncertainty. 

McKinsey & Company: How Leaders in Data and Analytics Have Pulled Ahead - As data and analytics transform industries at an ever-quicker pace, the strategies and organizational cultures of leading companies offers others a road map for success.

World Economic Forum: Reskilling Revolution - The WEF announced the creation of Reskilling Revolution at Davos to address the talent challenges for the Fourth Industrial Revolution, and to build social cohesion and ensure people have pathways to social mobility.

Data Privacy Roundtable: Silicon Valley February 11 - With the CCPA in full force, CDO’s and data privacy teams need to balance data exposure for value creation with privacy rights. Join Informatica for this roundtable to learn from data experts and your peers on February 11th in Mountain View, CA.