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Driven by Data: The Podcast

Ep 26 | The CDO: Building Successful Data-Driven Organisations with Chris Bannocks, Chief Data Officer at Danone

Mar 16, 2021
50:21

In Episode 26 of Driven by Data: The Podcast, Kyle Winterbottom is joined by Chris Bannocks, Chief Data Officer at Danone, where they discuss the trials and tribulations surrounding the current CDO role, which includes:

  • Why the average tenure of the CDO is only 2 years
  • That many boards haven’t realised this needs to be a strategic priority
  • How the eagerness to obtain a CDO role is contributing to the tenure
  • How most boards are dipping their toe into the water
  • The type of questions you should be asking to gauge the readiness for the role in the organisation
  • Why it’s important to recognise the difference in scale
  • Why coming from a technical background is advantageous, but that alone isn’t enough
  • Why the appointment of "Non-Exec Data Leaders" will be an indication of maturity
  • How the consultancy organisations are playing their part in this
  • Why some businesses won’t need a CDO
  • How ROI can be seen within 6 months & it could cost up to 200m
  • Why it’s essential to have an official communication strategy & budget to drive change
  • What those type of comms strategies could consist of
  • Why experimentation and innovation are essential but seen as the nemesis within the business
  • What organisation should be considering to decide whether to appoint a CDO
  • The key things Data Leaders should be thinking about before taking a CDO role

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