The pivotal role of Chief Data Officers in the era of AI and Machine Learning.
Data is now the most critical asset for innovation in the financial service industry, and senior data leaders are central to driving revenue and growth.
This report reveals that as financial institutions race to harness the power of AI and machine learning, Chief Data Officers (CDOs) have emerged as linchpins for digital transformation. Nearly two-thirds of firms are poised to create this position—data leadership is no longer a luxury but a necessity.
Data and IT leaders are also shifting toward data management outsourcing, with over two-thirds of firms considering this move. This trend is not merely a cost-cutting measure. It’s also a strategic response to the complex challenges of data quality, security, and talent scarcity that plague many organizations.
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