The dynamic nature of businesses, the need to stay ahead of competition, and scale have all forced many organizations to revisit the way decisions are made. Organizations today accept the fact that they must adopt analytics to make significant gains. Businesses build data warehouses, apply data management principles, and embrace the use of business intelligence tools to improve insight into their data.
Chief Analytics Officer
In short, the CAO’s job is to:
Given the emerging importance of Analytics with respect to long term and probably short term futures of all companies, it should be of no surprise the growing importance of the CAO. What differentiates the CAO from the rest of his peers in the C-Suite is, it transcends all other C-Level positions and this role will increasingly become as important as the CEO and the CFO.
Defining a data-analytics strategy