Explore our latest findings on the new class of digital leaders.
Have a CDO or equivalent
Of companies based in EMEA have a CDO
Of CDOs have a technology background
Are C-level members
Strategy& has once again analyzed the CDOs at the world’s largest 2,500 public companies.
Faced with organizational challenges, more and more companies are hiring an executive to manage their digital transformation. This year’s report looks into the CDOs role given the company’s digital ambition and includes in-depth interviews with CDOs from leading industries.
Companies that are still searching for a Chief Digital Officer continue to struggle to find the executive who best fits their strategic goals, digital business model, and current and digital capabilities and operations.
A growing number of telecom operators are appointing CDOs to gather the cross-functional expertise and capabilities needed to take advantage of their companies’ privileged position as enablers of the digital revolution.
The CDO study identified the world’s 2,500 largest public companies, defined by their market capitalization (from Bloomberg) on July 1, 2016. We then identified the companies among the top 2,500 that have a designated CDO. We define a CDO as that executive, no matter of the title, who has been given the task of putting into practice the digital mission of his or her company or business unit. This could be a member of the C-Suite; variously called the CDO, CTO, CIO, among other roles. However, a company may instead have a vice president or director leading the digitalization efforts. For identifying CDOs or equivalents, we used electronic sources in many languages such as company and executive directories (Avention, BoardEx). Further we studied corporate homepages and business network platforms such as LinkedIn and Xing. For press databases we used Factiva. The determined industry segments, geographic regions, CDO backgrounds and the company market cap were customized Strategy& classifications.
Please see strategy+business magazine for the full report: