“How Compliance And Cost Reduction Are Funding Data Transformation” – Forbes

Aug 28, 2019

by Randy Bean and Andrew Sohn – As much as Chief Information Officers (CIO) and Chief Data Officers (CDO) would like to be perceived as revenue generators and growth enablers within their organizations, the reality is that they control and account for a significant proportion of corporate expense.  At a moment when firms are embarking on data-driven transformation initiatives — often in response to fears of disruption from AI and data-driven FinTech and big tech competitors — legacy firms face a paradox. For these firms, data transformation efforts are largely being funded under the auspices of compliance and cost reduction mandates.

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