Data-driven business leadership advisory NewVantage Partners, now part of Wavestone, has published the results of its 11th annual “Data and Analytics Leadership Executive Survey” of Fortune 1000 and industry-leading Chief Data Officers (CDO), Chief Data & Analytics Officers (CDAO), and senior corporate data and business leaders. The theme of the 2023 data leadership survey is “Delivering Business Value from Data and Analytics Investments.”
116 Fortune 1000 Firms Participated
Participants in the 2023 Data and Analytics Leadership survey comprised data executives who served in CDO, CDAO, and other executive data leadership positions at 116 Fortune 1000 companies or organizations in 2022.
The 22% rise over last year’s survey marks the highest level of participation since its inception in 2012. Of this year’s participants, 84.6% held the role of Chief Data Officer, Chief Data & Analytics Officer, or the most senior data leadership title within their organization – up 10% from last year.
Key Findings
Key findings of the “2023 Data and Analytics Leadership Executive Survey” are:
1.
The CDO/CDAO role is evolving and maturing as organizations strive to deliver business value from their data investments
2.
A lack of clear expectations contributes to dissatisfaction and turnover in the CDO/CDAO position
3.
Investments in data are growing and remain strong
4.
Becoming data-driven and building a data culture remain aspirational objectives
5.
Cultural factors continue to be the greatest obstacle to achieving business value
Our 11th edition special report answers central questions about the state of data and analytics among your peers. Download the report and get details on:
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Where CDOs are making their investments in 2023
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What obstacles they believe thwart the adoption of data-driven thinking corporate-wide
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Their thoughts on the state of “data ethics”
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Hierarchy shifts that affect where the CDO fits into the Executive Leadership structure
Tap the collective wisdom of your colleagues. Learn about the challenges facing data and analytics capability development and the road to progress.
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