The "CDO Insights 2023: How to Empower Data-Led Business Resiliency" report highlights the challenges faced by data executives in 2023, including a potential recession. Despite these challenges, data leaders are optimistic about the impact of their data strategy initiatives on business priorities such as improving customer experience, optimizing supply chains, and increasing operational efficiency and agility. The report states that more than 68% of data leaders predict an increase in data management investments in 2023, and organizations are more likely to prioritize and see the greatest impact from these investments when data strategies and business strategies are aligned. The report also provides insights on investing in data democratization, trust, and governance, as well as measuring what matters to deliver business outcomes.
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