Companies are awakening to the realization that data is the lifeblood of the organization and it needs to be dealt with appropriately.
Written by Sunil Soares
Editor's note: This article is an excerpt from Chapter 2, "The CDO Agenda," of The Chief Data Officer Handbook for Data Governance (MC Press, 2015).
Many companies have established centralized data management departments. These departments are variously referred to as "enterprise data management," "enterprise information management," or the "chief data office." Whatever they are called, these departments share some common characteristics. They have accountability for data as an enterprise asset, and they increasingly report into the business.