What is a Chief Digital Officer & What Do They Do?

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Chief Digital Officer (CDO) is a new role in a company in particular and in an industry in general. They will be in charge of using digital and modern technology to transform information and create value for a business. The part of this job used to belong to CIO and CTO roles, so some organizations do not actually have a CDO.
Still, the industry has adapted to develop a CDO in the business as they realize the use of digital information is an innovative way in the future and will make a significant change in the dominant industry. What is a Chief Digital Officer exactly? We provide you with some details in the following.
A Chief Digital Officer (CDO) takes responsibility for converting traditional analog to a technology counterpart, using digital information and modern technologies such as cloud, mobile apps, social media, virtual products, and web-based marketing.
This role has evolved quickly from many other positions, including marketing, technology research, gadget operations, and strategy. Eventually, CDOs have become a new leadership in many organizations.
That explains why there are overwhelming trends towards empowering a CDO in the business to help bring the technology and information into researching customer behaviors. They soon realize the benefits of the mixed strategies of tech-savvy consumers and digital transformation, then create value targets.
The key responsibilities are optimizing the strategy and technology innovation to generate revenue. This shift includes the following:
The requirements for recruitment can be varied for different companies, but overall, you should attain a Bachelor’s Degree for the minimum education of your study. A Master’s Degree can be a great option for this position. Your major is also related to the fields of IT, marketing, technology, business, etc.
You have to reach the requirements of those listed qualifications:
About the experience: Typically, CDOs should possess at least five to seven years of experience related to this vacancy.
The job has major priorities for leading digital transformation. Your work will impact many relevant positions in terms of your collaboration with executives, resources, and leadership commitment.
The CDOs will work closely with the CEO and CTO to map the business strategies and the use of technology to generate a further goal.
Considered the heart of the corporation, many businesses have put the CDO at the top of priorities in the department. They can run the business model in person.
However, in some organizations, the part can be twisted with CIO and CMO. The role of CDOs can be in the way of those two with different goals, visions, and strategies.
For this reason, it seems like the role of CDOs can not always be self-centered; sometimes, they will be stranded between some unavoidable departments.
Related article: CDO vs. CIO vs. CTO, CEO: What’s the Difference?
It was reported that an average decent annual income for this position in operation could be between $175,000 and $227,500. For some large-scale companies, their salary can reach a peak of $500.000 or higher each year.
For this profession, there has been a growing rate of salary, about 12%, from 2016 to 2026, according to the U.S Bureau of Labor Statistics BLS. It also demonstrates the fastest growth than any other job.
Though they have a tough and demanding task, the salary is such a luxurious payback.
To sum up, as we explain: what is a Chief Digital Officer, clearly, their duties are driving the business’s information transformation and setting the further strategy for the operations. The tasks allow them to make use of the technology of mobile apps, marketing, virtual goods, and other types.
If you are interested in a CDO position and meet all the requirements we discussed in this article, you had better go for it. Because of the lack of a workforce in this field, the job is always available if you are competent and enthusiastic. This job is rather complex yet fascinating, with a lucrative salary.
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