As part of that conversation, we discussed what the CDO role is and how it adds value above and beyond the CMO and CIO roles. The role of CDOs in financial servicesThe big driver in the financial services industry is the regulatory environment. Bringing a CDO onboard is more common now in financial services, driven by regulations that resulted from the 2008 financial meltdown. In financial services institutions, because of the role’s origins as response to regulation, it typically is housed within technology or finance. The CDO role is a very specialized role because it’s dealing with the meaning of data and how it will be used.

Source: Forbes February 25, 2018 05:15 UTC