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Randy Bean TITLE : INNOVATION FELLOW , DATA STRATEGY |
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Tom Davenport |
TITLE : VISITING PROFESSOR
EXECUTIVE BIO
COMPANY : WAVESTONE
LOCATION : MASSACHUSETTS , UNITED STATES
Randy Bean is Innovation
Fellow of Data Strategy at Wavestone , a global consultancy based in France . He was previously Founder and CEO of NewVantage Partners , a data leadership advisory firm supporting Fortune 1000 clients , which was acquired by Wavestone in December 2021 .
EXECUTIVE BIO
COMPANY : SAÏD BUSINESS SCHOOL
LOCATION : MASSACHUSETTS , UNITED STATES
Tom Davenport is the President ’ s Distinguished Professor of Information Technology and Management at Babson College , the Co-Founder of the International Institute for Analytics , a Fellow of the MIT Initiative for the Digital Economy , and a Senior Advisor to Deloitte Analytics alongside working with a variety of established companies and startups in the analytics and AI space .
“ The number of companies reporting measurable business value from data and analytics has grown enormously , and the investment in these resources continues to increase even during a potentially uncertain economic climate .”
“ The survey and our own observations indicate that data consumption has become much more of a focus in recent years and that companies are using analytics and AI to deliver value from data ,” says Bean , “ It ’ s clear that data is driving substantial amounts of business innovation .”
“ A new generation of data and analytics professionals are assuming data leadership roles ,” say both Davenport and Bean .
“ How ready are leading companies to make the changes and investments required to establish data leadership ?”
Attitudes vary across companies Being receptive and open to the everdeveloping technologies surrounding data is key to success in data leadership roles . “ Becoming a data-driven organisation requires time , persistence , and relentless execution and focus ,” concurs Bean . “ Those organisations that commit to the course while adapting over time tend to prevail – fail fast , learn faster .”
The report finds 54.2 % of the companies state that responsibility for data falls to the CDO / CDAO , while 18.3 % presented
84 March 2023