I’ve just published new research with Constellation focusing on the role of the Chief Digital Officer (CDO). CDOs are relatively new and many organizations desperately need them to help build capabilities and competitiveness.
Digital disruption has affected every industry around the globe, bar none. Emerging technology has shifted the balance of power from long-standing institutions to newly formed entities that have been designed to capitalize specifically on the contemporary operating environment.
Constellation’s PESTEL (political, economic, societal, technological, environmental, and legislative) framework helps identify the major elements of the shift to digital, but today’s brands are not staffed or structured properly to succeed in this transformation.
A Chief Digital Officer is the leader to help companies navigate successfully through the current era of digital disruption. The CDO charter includes formulating digital business strategy, activating operational initiatives, and managing organizational transformation.
But the roles of CDOs are not one-size-fits-all; brands should hire and focus this executive on a critical set of industry-specific challenges.
The responsibilities of a Chief Digital Officer vary based on industry and company need; I’ve identified three major types of CDO segmented by business model and customer value proposition.
To download a summary of the report, click here.
For additional perspective, see Beyond the CIO/CMO – The Rise of the Chief Digital Officer from my former colleague Dion Hinchcliffe.