The role of Chief Data Officer (CDO) is now a firmly established capability in the C-suite. However, a recent Gartner survey found that there are still challenges in establishing data as a driver of business value in its own right. They recommended that CDOs focus on generating business value underpinned by data, rather than creating a separate data strategy.
Gartner’s 2023 survey of Chief Data and Analytics Officers found that the ability to attract and retain top talent was a key differentiator between high performers and those grappling with difficult challenges. The survey also found that talent shortages, a cultural aversion to change, and lack of training continually put the success of data and analytics projects at risk.
In terms of data literacy, the survey found that the highest performing leaders were those who:-
- Invested in HR analytics initiatives
- Invested more in resources and talent
- Made a commitment to people development
Furthermore, the survey also highlighted the importance of culture alongside skills as being key to help business users make decisions based on data; highlighting the importance of data literacy in giving them the confidence to achieve this.
Grayce analysts receive ongoing, tailored training and development programmes in a range of soft skills and technical skills. All our analysts are data literate. They thrive in environments where processes and platforms are constantly evolving and changing. They can therefore provide a solid foundation for future growth of the data capabilities of an organization.
Gartner actively recommends the use of nontraditional hiring strategies to help fill the data skills gap, and Grayce is ideally placed to support you on this journey.