S3 | Ep 39 | What is the CDAIO and Why They are Set-Up to Fail with Allison Sagraves, Founding (former) Chief Data Officer at M&T Bank, and Board Advisor!

In Episode 39 of Season 3, of Driven by Data: The Podcast, Kyle Winterbottom is joined by, Allison Sagraves, Founding (former) Chief Data Officer at M&T Bank, and Board Advisor, where they discuss the role of the CDAO in the new era of AI and why they are set-up to fail, which includes;

• 91.9% of firms report that they have achieved some measurable value from their investments in data and analytics,
• 23.9% say they have created a data-driven organization
• 20.6% of firms report having established a data culture
• Between 2012 and 2023, companies having appointed a CDO grew from just 12.0% to 82.6%
• Only 35.5% of major companies report that the role is successful and well-established
• Just 40.5% say that the CDAO role is well understood within their company
• The three generations of CDO to CDAO and the pending CDAIO role
• The functional evolution of the CDAO role
• Why the goalposts keep moving for the CDAO
• The need for defined success metrics
• Why the Data & Analytics industry is always under construction
• Why we’re too glass half empty and there’s too much focus on what we’ve not achieved  
• The need to quantify what value is and communicate the value we’ve achieved
• The “build it and they will come” mentality
• How we no longer need to sell the simple concepts of data
• If you’re still having to convince people then you’ve got the wrong people in the company
• Whether reporting line impacts the effectiveness of the CDAO role
• The hardest thing for any CDAO to figure out is identifying what problem you actually need to solve
• What’s wrong with the CDAO role as of today
• What needs to happen to address those issues
• Moving into the AI era as a CDAO
• The skills needed to be a modern-day CDAO

Link tot he article discussed in the episode:

https://hbr.org/2023/06/why-chief-data-and-ai-officers-are-set-up-to-fail