The 2022 Data Survey Results are in!

The 2022 Data Survey Results are in!

First off, congratulations to my friend Randy Bean for a successful acquisition of his firm by french company Wavestone. Second, congrats on celebrating the 10 year anniversary of the Data and AI Executive Survey.?

This past week, his firm published its analysis of the key trends shared by data leaders at some of the biggest movers in the data space — 94 firms from AIG to Wells Fargo, AbbVie to Pfizer, Albertsons to Starbucks. Lots to read of course, but there are a few key take aways that I think we should all pay attention to here. Here is my quick analysis:

Becoming "Data Driven"

  • We know that organizations that are data driven are 162% more likely to surpass revenue goals BUT becoming a data-driven organization doesn’t just happen. In this year's survey, we learn that only 26.5% report having achieved that goal, with only 19.3% reporting having established a data culture.
  • Cultural impediments remain the greatest barrier to organizations becoming data driven, with 91.9% of survey respondents identifying culture as their greatest challenge.

Executing on your Data Strategy

  • Half of the respondents (53.0%) report having developed a corporate data strategy. But less than 60% of them report that these strategies are yielding results.
  • Becoming "data driven" and executing on your data strategy will longer than expected. 60% expect it should take at least 2–3 years, the author believes that the truth is probably closer what 30% of respondents have expressed: 4 to 5 years or more.

I hope that this year concepts like the Data Mesh will help our data leaders make progress. For more on this topic, watch the below 3 min segment @ https://cxotalk.com/bruno (embedded below). The relevant section starts at min 9.

Finally. The good, the bad and the ugly for Data Leaders

  • 10 years ago, only 12% of companies reported that they had hired a CDO. In 2022, almost 74% of organizations have CDOs. That’s great news!
  • BUT. Close to 60% of respondents report that these leaders have yet to demonstrate that it has become successful and well-established.
  • TURNOVER remains a challenge. In 2022, 43.2% of respondents report having had 2 or more at this point.

Could this be related to the fact that only to 40 % of organizations data as a business asset?

What Matters in 2022 then?

What are our data leaders top priority areas of investment in 2022?!? Building a Data Platform and Data Health are top of mind, followed by Cloud Migration, Literacy and Data Catalogs.

No alt text provided for this image

I'd love to hear your perspective and thought on the report. Randy and his team make it available for free here. Please share it with your teams!


Monikaben Lala

Chief Marketing Officer | Product MVP Expert | Cyber Security Enthusiast | @ GITEX DUBAI in October

2 年

Bruno, thanks for sharing!

Neil Raden

Author, Advisor, Mathematician .Thinkers360 Global Thought Leader/Influencer iAI, Analytics, Predictive Analytics, National Security, GenAI, International Relations, Design Thinking, InsurTech, Quantum, and Health Tech

3 年

holy cow, is it really 2022? I'm still signing checks 5782

Andy Painter

?? Architecting Data Brilliance ?? Data Consulting ?? Thought Leadership ??Data Governance ?? Data Strategy ?? Business Development ???? Team Engagement & Development ?? Operational Excellence ?? Futurist ?? #ICEHOUSE

3 年

Do we have any CDO's in the community that would share how they have been successful at their organisation? My thoughts would be that it requires very strong organisational cultural change skills to embed the value of data in every employee's heart & mind, but it would be great to hear direct from the CDO's.

Mike Nash (BA HONS)

Generative AI | AI | business growth finder and advisor. Get the most from AI with minimal risk - AI strategy, AI insights and leading AI advice - Contact me today - CEO - MikeNashTech.com

3 年

Fantastic analysis Bruno on Randy's extensive data. Really encouraging that more companies are becoming data driven with a solid strategy at its heart and leveraging their data. Following this really insightful information, I think the key to the future will be the creative use of AI/ML/BI with wider datasets to ingeniously pinpoint future innovation and market opportunities by helping shape products, services and/or approach. I call this Creative Business Intelligence (CBI) with Creative AI (CAI). This approach will help create bigger seismic opportunities or jumps, rather than incremental increases to the bottom line. The companies that speedily and creatively cutting through the sea of digital noise will succeed. By delivering creative, intelligent, lateral thinking opportunities consistently will ignite the blue touch paper on turnover for years to come. Thank you for a great post and amazing research. All the best to you both for 2022. Mike.

Michael Davie

Automotive | Manufacturing | Amazon Web Services

3 年

I ended up listening to about 25 minutes of that video vs. the 3 you recommended. A lot of great data points.

要查看或添加评论,请登录

Bruno Aziza的更多文章

社区洞察

其他会员也浏览了