CDO Matters Podcast CDO Matters Ep. 66 | 2024 in Data and Analytics: A Retrospective
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Dec 27, 2024 2024 brought significant shifts in data and analytics. The death of the data mesh gave way to the rising prominence of data fabric and AI advancements. Economic fluctuations prompted reflections on the roles of Chief Data Officers, revealing unexpected growth in data catalogs. The challenges of AI governance emerged as essential, requiring actionable strategies for ethical practices. As the year wrapped up, insights spotlighted the necessity for customer-centric data management, reshaping the future landscape of data.
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Slow Economic Recovery
- Malcolm Hawker incorrectly predicted a quick economic recovery in 2024.
- The inflation problem proved more persistent than anticipated, impacting data management software sales.
Data Catalog Growth
- Data catalogs saw strong growth in 2024, despite being difficult to tie to tangible business value.
- They primarily serve librarian and inventory management roles, not transformational value.
Decline of CDOs
- Hawker's prediction of a decline in private sector CDOs was potentially correct.
- Public sector CDO growth contrasted with flat overall growth, suggesting private sector decline.