As organizations seek to not simply corral data, but apply it strategically across the business, analytics experts are making their way into the C-suite.
The C-suite may need a bigger boardroom. As organizations expand their executive teams with new C-level titles that underscore their digital transformations in-progress, the role of chief analytics officer is gaining traction.
Driven by organizations’ desire to turn big data into a strategic asset, the CAO is finding a home in data-rich industries such as financial services and healthcare. Although still not as prevalent as two other newish C-suite roles — the chief digital officer and chief data officer — the CAO may represent an inflection point in an organization’s digital journey, signaling a move from managing data to applying it more strategically across the business.