Continuing our take on the top business intelligence trends all set to take over in 2018, let’s take a look at some more of them.
Chief Data Officer
In their course of evolution, organizations are prioritizing a new level of strategic focus and accountability regarding their analytics. Due to speed of insight versus security and governance of the data, a gap between the Chief Information Officer (CIO) and the business has formed. The answer to the need for accountability in the C-Suite to create a culture of analytics is appointing a Chief Data Officer (CDO) or Chief Analytics Officer (CAO) to lead business process change, overcome cultural barriers, and communicate the value of analytics at all levels of the organization. As per Gartner, 90% of large companies will have a CDO role in place by 2019. Also, 50% of leading organizations will have a CDO with similar levels of strategic influence and authority as their CIO by 2020. Companies like Wells Fargo, IBM, Aetna, and Ancestry are implementing CDOs with the intent to take their data strategy to the next level.
The future of data governance is crowdsourcing. Self-service analytics has thrown the world of business intelligence in disorder. With the paradigm shifted to anyone having the capacity to create analytics leading to the asking and answering of critical questions across the organization, governance is witnessing the same disruption. As per Collibra, 45% of data citizens say that less than half of their reports have good quality data. PwC reported 61% of C/V Suite leaders saying their own companies’ decision-making is only somewhat or rarely data-driven.BI and analytics strategies will embrace the modern governance model. Collaborative development process combining the talents of IT and end users will take over the top-down processes that only address IT control.