It’s been several years since the term CDO first appearing on the CXO map. We’ve also previously covered presentations from other speakers that have had the position of a CDO and tried to depict what a Chief Data Officer does, their mandate in the organisation as well as challenges related to the position.
Volvo Group is a clear pioneer with data and AI. We’ve already seen how Volvo Car Group in reinventing the self-driving cars department on daily bases. AI and innovation are the springboards for Volvo Group in all their operations focusing on connectivity, electromobility and automation.
Being an international publishing company, the largest media group in Scandinavia and owning some of the largest newspapers in Sweden and Norway, on top of all operating classified business ads and media sites for over 20 countries, for Schibsted Media Group implies collecting a lot of data. But as it is, data is only valuable if you know how to analyse it and take action.
When it comes to data governance policy, companies are aware they need one, but few of them know where to start. A lot of them are at a crossroads when it comes to creating a policy that works for their organisation. But the first instinct of reaching to a standard policy wouldn’t work because it won’t meet your corporate strategy.
Bad data is the number one enemy for data-driven companies. Although organisations are investing money and effort into eradicating bad data, it still presents a challenge. Decisions made on bad data can turn fatal for the business. But how can companies make sure they are aware of it and find ways to deal with it?
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