The Society for Information Management (SIM) 2016 IT Trends Study highlighted important IT topics including priorities, budgets, salaries, skill needs, headcounts, performance measurement and how IT executives spend their time. The following is a list of top ten CIO concerns as summarized by Information Management, including how a modern data management platform can address them all.
It’s high time when data revolution must take the front seat to make the true digital revolution happen. Once Modern Data Management is in place, a consumer brand can reap substantial benefits on a continual basis. Starting with proper data quality and alignment of key data assets across systems, departments, and channels, a Modern Data Management Platform helps build a reliable data foundation for all your digital transformation initiatives.
This was a great session, and worth the price of admission to the MIT CDO conference alone. Credit Richard Wang for bringing Daniel (who is from France) and Mark together as their time is obviously precious. Some key takeaways from my perspective were the need to balance speed of execution with reliable data quality. And the agility that a large company such as GSK has been able to achieve by getting alignment, and addressing security and governance issues as they surface.
Organizations who naturally see data as an asset for digital transformation, improved customer experience, and personalized targeting, have multiple hurdles to go through to conform to not just new regulations like GDPR, or even the EU-US privacy shield. The key for any organization wanting to do business globally is to use data management platforms and technologies that are agile enough to comply with all of these laws today, and as they evolve. Only then can they maintain their competitive advantage using data, and prevent their data turning into a compliance liability.