One of the key points I make in our Executive Big Data Workshops is that effective use of Big Data analytics will require transforming both business and IT organizations. Big Data with access to cross-functional data will transform the strategic processes within a company that guide long term and year to year investments. With the ability to apply machine learning, data mining, and advance analytics to view how different business processes interact with each other, companies now have empirical information for use in their strategic processes.
We are now seeing evidence of this transformation happening with the emergence of the Chief Analytics Officer position. As detailed in this InfoWorld article, Chief analytics officer: The ultimate big data job, it’s not about data but what you do with the data. And it is important enough to create a new position, the CAO. I recommend reading this article.