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NewVantage Partners, a Wavestone subsidiary, releases 2023 Data and Analytics Leadership Executive Survey

boston, January 2, 2023 /PRNewswire/ — Formerly NewVantage Partners, now part of Wavestone, announced its 11 all year Data and Analytics Leadership Executive Survey Fortune 1000 and industry leading Chief Data Officer (CDO), Chief Data and Analytics Officer (CDAO), Senior Corporate Data and Business Leader. The theme of the 2023 Data Leadership Survey is Deliver business value from your data and analytics investments.

Participants in the 2023 Data and Analytics Leadership Survey consist of data executives who held CDOs, CDAOs, and other executive data leadership positions at 116 Fortune 1000 companies or organizations in 2022, up 22% from last year’s survey 84.6% of this year’s survey participants held the role of Chief Data Officer, Chief Data & Analytics Officer, or the most senior data leadership title in their organization, up 10% from last year and 20 increased in the near future. % over 5 years.

In the foreword to this year’s survey, Randy BeanInnovation Fellow at Wavestone, Founder of NewVantage Partners, and Thomas H. DavenportAuthor of Landmark Studies Competing in analyticswrote, “The 11th survey in this series contains a lot of evidence of the growing importance of data within large enterprises. The role of chief data officer has rapidly become commonplace in more industries over time, but these rapid changes in the importance of data have outpaced advances in other areas. Contrasted with the lack, the human side of data continues to challenge enterprises, and data leaders and the organizations they serve are embracing a paradigm.”

Main findings 2023 Data and Analytics Leadership Executive Survey that is:

  1. The CDO/CDAO role is evolving and maturing as organizations strive to deliver business value from their data investments.

  2. However, a lack of clear expectations can lead to dissatisfaction with the CDO/CDAO position and lead to turnover.

  3. Data investments are growing and remain strong.

  4. Becoming data-driven and building a data culture will continue ambitious Purpose.

  5. Cultural factors continue to be the biggest obstacles to achieving business value.

  6. Companies continue to neglect data ethics.

About Wavestone

In a world where knowing how to drive change is key to success, Wavestone’s mission is to inform and inform the most important changes of large enterprises and organizations with the ambition to drive positive outcomes for all stakeholders. to provide and guide In 2021, Wavestone acquired his NewVantage Partners to expand its ability to provide data strategy, data governance and data management expertise. Wavestone employs approximately 4,000 people overall. EuropeUSA and Asia We provide solutions to clients around the world.



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