ArVision Quarterly Newsletter: The Rise of the Chief Data Officer

February 5, 2024

How skilled chief data officers create value

The power of data is particularly evident in finance, where every decision can have far-reaching positive or negative consequences. As firms grow in scale and complexity, many are turning to a chief data officer to manage and understand their firm’s technological landscape and to make smart, strategic decisions across people, processes, and technology.

In this edition of the ArVision Quarterly Newsletter, our professionals explore the rise and evolution of the increasingly critical C-Suite role.

Key insights include:

  • Institutional Asset Managers
  • Many institutional asset managers recognize the value of a steward who paves the way for quality data and creates a robust data management framework. However, it’s the next stage of the data evolution that can be the most challenging: building a data-driven culture.
  • Private Markets Investors
  • Data is just, well, data. The knowledge behind data is what allows a private equity or private credit firm to create value from it. To effectively manage the complexities, the chief data officer has emerged as a vital addition to the executive leadership team.
  • Hedge Funds
  • The volume of information in the alternative investment world is multiplying rapidly. Funds growing in scale and complexity will want to carefully consider who is leading their strategy to support the rising complexity of data and systems.
  • Technology
  • Chief data officers are increasingly asked to do more with less. Data executives who minimize fragmentation, encourage user adoption, and thoughtfully integrate systems into their ecosystem will stand out.
  • Industry Perspective
  • In an exclusive Q&A with Tarun Sood, Chief Data Officer at American Century Investments, we explore how the role plays an essential part in enabling firms to put their data to work, and why cultivating a robust, data-centric culture remains elusive for many institutions.

Interested in learning more? Contact us and an Arcesium representative will be in touch shortly.

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