Another crucial skill for CIOs is around data analytics. I say that simply because there is so much data coming from so many sources that IT has to become adept at collecting, organizing, reducing (that is, cleaning and consolidating), and redistributing that data. The only way you can do that is if you understand the sources, have a logical course of action thought through with the data, and at the other end know how you can use the most actionable, consolidated data to the benefit of the company.
This is critical because the volumes of data that a client can have today are truly astronomical. It’s great for the companies that produce data storage. But the problem with so much data is you’ve got to do something with it. The IT department needs to take a lead in that. If they don’t, they may soon have a chief digital officer in their ranks, and in my opinion, the concept of the CDO exists because the company doesn’t believe that IT is capable of dealing with its data.
Excerpted From: Enterprisers Project