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Most businesses today leverage data to inform high-impact decisions. Data-driven decision-making and leveraging data to achieve successful outcomes as well as efficient business processes is rapidly gaining ground across sectors. Many BFSI organizations consider data a strategic asset that can deliver insights to transform a wide range of business functions. Here, the role of the CDO becomes critical—CDOs can help BFSI organizations adapt and transform the data ecosystem to align with technology advancements and use data to equip business processes with the capability to ‘sense’ and appropriately respond to shifting customer and market demands.
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