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Alea Fairchild – Strategic Views

Alea Fairchild – Strategic Views

Tag Archives: data

Is there a difference between a Chief Digital Officer and a Chief Data Officer?

24 Tuesday Feb 2015

Posted by afairchild in Uncategorized

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Tags

assets, CDO, CIO, CMO, data, digital transformation

For me, this question is like looking at two different angles of a prism.  Both sides admit that the digital transformation of the enterprise (of ANY size) means that the digital assets of the business require closer attention, and the infrastructure to do business is critical.

But for me, the Chief Digital Officer is more of a focus on the processes of the organisation, and the Chief Data Officer is more of a focus on the precious assets of the business.

I am an information economist by training, so I go back to the Theory of the Firm, in which all elements are contracted relationships — except for the firm’s data.  The data is the critical asset that in context belongs to the firm and its processes, and its usage and management are a key function of how a firm makes money, utilises resources and maximises profit.

Is the organisation looking to leverage its assets in more productive ways?  Or is the organisation trying to streamline how business is done, not only for more marketing automation, but for a richer and deeper relationship with the customer?

Two-sides of the same coin, which is why the terms CMO and CIO have morphed into CDO, for which many do not agree with what it means.

Just my humble opinion.  😉

 

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IoT : All this data – and no dialogue

03 Friday Jan 2014

Posted by afairchild in Uncategorized

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connectivity, data, interoperability, IoT

My POV:  In the Internet of Things (IoT), my dishwasher can be shut off remotely, I can check the temperature of my house from my office, and my doctor can get my body temperature from my bed. Yet none of these objects can currently have a dialogue with each other.

What bothers me now about all these mobile apps that cannot connect to each other also bothers me about ‘thing’ connectivity and interoperability.   You might ask why I want my toaster to talk to my refrigerator, but if I do not have bread, toast is not an option from breakfast.  Perhaps a silly example, but if we go to the example of data coming in from the different temperature monitors, and if this data cannot be correlated to a patient and a medical condition, and then acted upon without human intervention, then why gather the data?  Why have the object send the data (in heterogeneous standards from different types of beds) if it cannot be responded to in an automated fashion?

Seriously, we are becoming more disjointed in our data proliferation where we are generating more and more data, but having fewer dialogues.  Connectivity and interoperability are not just business phrases, but part of the way business processes succeed. Integration and efficiency are functions of data interaction, not data backlog.  We want information and knowledge, not just piles of data streams that cannot interact.

I know there are efforts to create standards around the internet of objects, but fear that brands and industries will slow, not speed up, the pace of these standards.   The AllSeen Alliance (with AllJoyn), the ITU (IoT-GSI), and the IEEE (Open Stand) are all working on standards basics, but  I suspect the heavy hitters per industry will be the ones really setting the pace.   I just hope we learned something from the evolution of IETF standards making and do not make the same errors again.

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