Informatica Releases 2023 Data and Analytics Executive Leadership Survey Results
Global chief data officers align on increasing investments in data management (
CDO Insights 2023 (Graphic: Business Wire)
“CDOs are increasingly more focused on enabling business objectives rather than purely technical ones,” said
Key Findings from the Study
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Despite macroeconomic factors, organizations are increasing their investment in data management.
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68% of data executives predict increased data management investment in 2023.
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Data fragmentation and lack of cooperation across the business remain an issue.
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55% of data executives reported having more than 1,000 sources of data in their organization. -
50% will use five or more tools to support data management priorities in 2023
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Improving data quality and data governance are top priorities globally.
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52% of data executives cited improved governance over their data and processes as a top data strategy priority for 2023. -
42% of data executives plan to invest in data quality and master data management capabilities, highly sought-after data management capabilities.
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Strategy alignment is critical; alignment equals investment and success.
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73% of data leaders with strongly aligned business and data strategies predict increased investments. -
76% of data executives that reported being very or completely aligned on their data and business strategy also had complete control of their budget.
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As data strategies evolve rapidly, data leaders are looking to change and adapt quickly, including exploring new trends such as data mesh, data fabric, data observability, ESG and sustainability, and data marketplaces – all of which require data visibility and governance. As data leaders bring strategies and tools together to achieve their business priorities, developing metrics and measurements for business outcomes is critical. Taken together, these findings emphasize data management, control, and unification in 2023, pointing to an increasing focus on data leadership driving new data strategies and measurable business outcomes.
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