How to become a successful big data CIO

A CIO’s guide to making the most of big data

Big data is an issue near the top of most CIOs’ agendas. And given the constant changes in the challenges and opportunities it presents, it is unlikely to drop in importance any time soon.

But in the rush to make an impact with big data, analytics and social, it is important for CIOs to stop and take stock of some of the fundamentals: are the risks being effectively managed? Are the opportunities being fully seized?

For those that fail to deal with the risks, the consequences in terms of legal sanctions and reputational damage are likely to be huge. For those that fail to seize the opportunities, the consequences could be worse: a ceding of competitive advantage to rivals.

But those who make the most of big data have the chance to revolutionize how they do business: from their decision-making and strategic planning to how they interact with customers – everything could become data driven.

How to navigate big data’s legal minefield

Most CIOs now recognize the huge potential of big data, but few have got to grips with the legal and regulatory dangers involved. Different businesses face different legal requirements. But any organization that fails to deal with the challenges risks legal sanction and reputation damage.

For many, the biggest challenge is the protection of personal data. And across the globe, consumers’ concerns about the issue are helping to drive rapid changes in legislation.

CIOs will need to work increasingly closely with their organization’s legal team to access the risk management skills and the advice on legislative changes that they need.

Click on the following links to access EY’s CIO’s bag of tricks blog posts:

How to navigate big data’s legal minefield
How to get value from unstructured data
How to assess your readiness for a data-driven world
How to remain relevant in a social world

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