Need for Chief Data Officer (CDO) in boardrooms has increased now days. Importance of CDO is same as that of big data in companies, as a person in charge of data team. There has been increase in number of companies who are employing CDOs. At present 43% of executives reported that their firm had appointed CDO, while two years back it was only about 19%. During financial crises in 2008 many companies lost their significant amount of money after their data had been shown completely wrong. That gives rise to Chief Data Officer, a person that can be held responsible for validity of data. He can protect businesses from loss due to crises and also to help appease law makers who were going to require change within reporting and storage of data.  Read more at:

https://channels.theinnovationenterprise.com/articles/the-evolution-in-the-cdo-role

Big data is growing now days because companies are demanding more output from big data. Data and data management solutions have helped companies to modify the customer interaction and tackle the risk of uncertainty in timely communications. After having good views of customers, agents can help transforming marketing qualified leads into sales qualified leads with smarter interactions. There has been a change in the role of Chief Data Officer (CDO) who was earlier working as data scientist to help transforming big data into new repositories. Today there is compensation for CDO for the value they extract from all sources of data. The large volume and variety of data from other sources and social media has made the marketers very busy. CDO’s are held responsible to judge the relevance of consumer data and assign a particular value.  Read more at: http://www.smartdatacollective.com/gayle-nixon/332221/data-within-and-data-without

Analyst, Gartner thinks that the growth in big data and its related technologies will increase the demand of Chief Data Officer (CDO) along with Chief Information Officer (CIO) by the end of the year 2014. 17% of organizations will hire CDO. Big data has made the role of CDO very significant and it is as important as the role of CIO. To know more on the importance of CDO in any organization, go through the following article written by Colin Barker, senior reporter at ZDNet in London:

http://www.zdnet.com/big-data-boom-leads-to-the-rise-of-the-chief-data-officer-7000025795/