Situating the chief data officer – a role that can provide enormous benefits in managing and valuing data – within the organization and funding it can be challenging. This second installment in our three-part series on the role includes insight from CDOs at Mastercard, Walmart, Goldman Sachs and the author of a book on CDOs on common reporting structures for the CDO team and obtaining the necessary budget. Part one
provided an overview of the history and prevalence of the CDO, the common skill sets and priorities of the position, and how the CDO differs from and can collaborate with the CPO. Part three
will cover the CDO’s role in complying with laws such as the CCPA and in connection with working with third parties. See also “How to Effectively Find, Compensate and Structure Cybersecurity Leadership (Part One of Two)
” (Dec. 14, 2016); Part Two
(Jan. 11, 2017).