BIG DATA & ANALYTICS

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‘Measuring the value of the data is a prerequisite for business success’

Ted Friedman, Distinguished VP Analyst, Gartner has interacted with several organisations and observes that data analytics leaders and Chief Data Officers are not directly measuring the financial value of data & analytics. He says that the value of data could be included in the valuation of the company in future. He also talks about the models that Gartner offers to help organisations assess the economic value of their data.

data-driven decisions, Data Analytics, data Integration
BIG DATA & ANALYTICSBIZ NEWSPEOPLE IN TECHTECH NEWSTRENDING

Chief Data Officers are a growing tribe, but higher strategic focus is required: Gartner survey

Data is gaining more importance in the organisation and there have even been discussions on whether the value of data should be considered when doing the valuation of companies for M&A and IPOs. The role of the Chief Data Officer (CDO) is also gaining in importance. However, a survey by Gartner reveals that while CDOs and their Data Analytics (DA) teams are focusing on the right priorities, they are yet to achieve the best balance of their various responsibilities to deliver superior organisational performance.

data-driven decisions, Data Analytics, data Integration