CDO Matters Podcast CDO Matters Ep. 42 | Top Data Predictions for 2024
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Jan 25, 2024 The podcast discusses top data predictions for 2024, including investments in AI data, software, and consulting, the potential decline of Chief Data Officers in the private sector, and the increasing demand for CDOs in the public sector. It also explores the concept of data product ownership and its value in data management, highlights the importance of fundamentals and driving value with AI, and explores the potential implications of AI's advancement in mathematics and encryption.
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Economic Recovery Boosts Data Investment
- 2024 will see an economic recovery with renewed business investments in AI and data projects.
- Companies should prepare to capitalize on resumed spending and digital transformation momentum.
Shift in CDO Role Dynamics
- There will be a net decline in private sector CDO roles due to impatience with data function delivery.
- Public sector will see a rise in CDO roles as private sector CDOs transition into government.
Urgency in AI Adoption for CDOs
- CDOs must upskill rapidly in AI and integrate it for immediate value, not delay due to unready data.
- Dragging feet on AI adoption risks CDO relevance and organizational competitiveness.