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CDO Matters Podcast
CDO Matters Ep. 38 | It’s Crunch Time for CDOs with Mark Stouse
Nov 30, 2023
Mark Stouse, Founder and CEO of Proof Analytics, discusses the frustration organizations face in realizing benefits from data management investments. He highlights the need for CDOs to prioritize specific business needs and outcomes. The podcast covers challenges of operationalizing analytics, the value of automation and targeted AI, establishing causality in predictive analytics, and the current state of data science functions.
50:39
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Quick takeaways
- CDOs should prioritize delivering insights and answers to the 20 key questions that business leaders care about, even if the confidence scores are in the 40-50% range.
- Data analytics needs to move away from a shell game approach and focus on providing clear, pragmatic, and actionable answers to the business's pressing questions.
Deep dives
The Importance of Operationalizing Analytics for Business Success
Data leaders and Chief Data Officers (CDOs) need to focus on operationalizing analytics to help their organizations become truly data-driven. This involves overcoming challenges such as latency issues in data science, scalability, cost, and cultural differences between precision and pragmatism. The goal is to deliver value to the business now and earn the opportunity to generate further value in the future. CDOs should prioritize delivering insights and answers to the 20 key questions that business leaders care about, even if the confidence scores are in the 40-50% range. Data science teams should adopt a T-shaped approach, understanding the business and using business language to communicate analytical insights.
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Discover
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