Ideally, the CAO have a business background, substantial operational experience, strong domain knowledge and a keen understating of how to leverage IT and data analytics tools, Hakes said.
The concept of appointing a CAO to drive enterprise wide data analytics is not entirely new.
A handful of companies, including AOL and Teradata, have appointed executives to the CAO role. Even so, the notion of having a C-level executive in charge of the analytics mission remains very alien to most large companies .
Pushing for the creation of such a role is a huge challenge, Hakes cautioned. "It is not going to be easy. It will be like pushing a giant rock uphill," he predicted.
Even so, it is change that needs to happen if companies are serious about pervasive data analytics, he said.
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