“There’s a kind of universality to the kinds of problems that companies with leverageable data encounter,” said Haile Owusu, PhD, Chief Data Scientist at Mashable.
Shockingly, more data has been created in the past few years than the entire previous history of the human race, reported Sintef.
For those organizations that leverage this explosion of data, the rewards can be immense.
Baseline Magazine reported that for a typical Fortune 1000 company, just a 10% increase in data accessibility will result in more than $65 million in additional net income.
McKinsey found that retailers who successfully use big data can increase their operating margins by as much as 60%.
As the CDO Club and others have previously reported, this has resulted in a tidal wave of big data jobs, rivaling the succession of Chief Digital Officer hires.
Just check out our most recent Chief Data Officers Job Update to see how many Chief Data Officer appointments and job openings occurred just last month.
“It’s become a very prevalent role, and a very necessary role,” explained Jeff Hunter, previously VP, N.A. Leader, Business Information Management Group at Capgemini, now Partner, Risk Assurance at PwC.
“As we start to amass more data from digital interaction to create more data to store, there is more and more need to provide formality in not only science but also intuition: how you start to drag insights from that data.”
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So how does an organization or Chief Data Officer find the proverbial needle in the big data haystack, and leverage actionable information from the mountains of data we acquire every day?
To find out, we assembled a panel of big data leaders at the 3rd annual NYC CDO Summit, sponsored by Capgemini, held at Thomson Reuters in NYC on April 29, 2015, to discuss their top big data strategies and experiences.
Panelists included, from left to right in the photo and video below:
- Jeff Hunter (moderator): previously VP, N.A. Leader: Business Information Management Group at Capgemini, now Partner, Risk Assurance at PwC
- Amen Mashariki: Chief Analytics Officer at NYC Mayor’s Office of Data Analytics
- Haile Owusu, PhD: Chief Data Scientist at Mashable
- John Caldwell: previously SVP Market Development & Business Operations at Neustar, now President & Founder at Lenox Street Consulting & member of board at StatSocial
- Christine Hung: previously Executive Director, Data Science & Engineering at The New York Times, now Head of Analytics Consulting at Spotify
Below are four case studies on how these digital and data leaders leveraged big data in their organizations.
CDO Club registered members can watch the video and read the rest of how Capgemini, Mashable, The New York Times, The City of New York, and Neustar use big data.
To register, visit here: https://cdoclub.com/membership.....
If you are tasked with understanding what digital and data leaders must do in order to succeed in almost any industry, the best place to learn more is at the CDO Summit.
Our CDO Summits cover DIGITAL TRANSFORMATION, DATA, and ANALYTICS.
We stack the agendas with the BEST digital and data leaders in the public and private sector.
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The CDO Summit is the “must-attend” digital event of the year. The 2013, 2014 and 2015 CDO Summits received stellar endorsements from dozens of speakers and attendees alike:
“Sometimes a conference comes along that hits the trifecta – hot topic, high-caliber attendees, and stellar location. The first Chief Digital Officer Summit reached that mark with ease, and I look forward to attending the next one.”
Eric Hellweg
Managing Director, Digital Strategy/Editorial DirectorHarvard Business Review
“Congratulations and thanks to David Mathison for spotting the need for community and collaboration in the growing Chief Digital Officer space, and for having the wherewithal, network, and organizational talent to put together such a top-notch event in its inaugural year. Next year’s summit should be even more of a must-do for anyone working digital at senior levels in all kinds of businesses.”
Teddy Goff
Digital DirectorPresident Barack Obama 2008 and 2012
“David, here’s a handy C^3 test for conference value: Did I learn at least three new perspectives? Check. Did I meet at least three interesting people? Check. Did I take back at least three relevant pieces of news I can use? Check. Flying colors for the Chief Digital Officer Summit 2013! Thank you so much, and yes, I’d be very pleased to participate next year!”
Perry Hewitt
Chief Digital OfficerHarvard University
“Congratulations to David Mathison and his team on the simply amazing job they did on the inaugural Chief Digital Officer Summit. Probably the most informative, insightful, on target, entertaining, collaborative, thought provoking, and inspiring conferences I have ever attended. I learned more about my business and what I do in the past 12 hours than I have from any research white paper, articles or blogs over the past 12 months. The range of topics and speakers assembled were incredibly diverse, informative, collaborative, and most of all, inspiring. It has invigorated me to be the best possible professional CDO I can be. David Mathison’s skills as a moderator were impeccable, bringing out the best of the speakers and keeping the conversation flowing. His intimate and insightful knowledge of this space is only out-shined by his humility and graciousness. Kudos to David and his organizing team.”
Mark Keys
Vice President, Client SolutionsMoving Interactive