The CDO is responsible for the SOVICO Group and use of data as an organizational – and strategic – asset. This role is to acquire and manage the capabilities needed to drive SOVICO Group innovation, transformation and market-facing competitive advantage through the usage of data and analytics.
CHIEF BUSINESS GOAL OF THE CDO
CDOs is controlling the advance of data within the SOVICO Group, increase operational efficiency and impact business outcomes.
CDO is the Data Integrator, Business Optimizer and Market Innovator
Data Integrators primarily pursue implementation of a modern, integrated internal data infrastructure, with the latitude to innovate as opportunities arise. A strong data foundation enables agility and creates a defense against digital disruptors.
Business Optimizers focus primarily on exploiting the established data foundation to make internal and customer-centric business processes as effective and efficient as possible, laying the foundation for cognitive capabilities that can sense and respond to both individual customers and market forces. They also focus on expanding the organization’s data ecosystem to include context-rich external data while maintaining the agility needed to spark innovation.
Market Innovators focus primarily on expanding cognitive capabilities to become digital disruptors. They monetize data through new products, services or experiences – while parsing off non-core data and analytics competencies to ecosystem partners.
THE MAIN FUNCTIONS OF THE CDO ROLES:
1. Functions: Data Governance
Oversee the execution of data policies and procedures and report to Executives.
Ensure data ownership independence from individual.
Leverage data as an operational enabler for business decisions.
Establish Data Governance Council & executive sponsorship
Define Office of the CDO functions, org. structure, roles & PSP’s
Develop & implement Data Stewardship process
2. Functions: Data architecture
Define, consolidate, and standardize the blueprint for data sourcing to a “single point of truth” across the BU functions.
Standardize definitions and classifications of products, customers and other variables, data replication using appropriate models.
Confirm Data Reference Architecture (including Big Data)
Establish Data Modeling process & manage Data Models
Integrate Data Architecture with Enterprise Architecture
3. Functions: Data quality
Develop standards and systems to manage the source, quality, consistency, usability, security, and availability of data.
Consistent business information model.
Define standards to continually refine data attributes and Sovicotter manage how data is sourced, collected and stored.
Profile, map & cleanse critical Data Assets
Develop Data Quality rules and reporting tools
Continuously monitor & improve data quality
4. Functions: Data Delivery
Delivery data for reporting needs across the all BU functions.
Parter with business to create new data and information for analysis.
Partner with IT to take advantage of leading technologies