The position of a Chief Data Officer is pretty new to most companies, even in industries such as BFSI, Pharmaceuticals and Retail that generates petabytes of data each year. Each year compliance requirements to local and international law alone creates a vast treasure trove of consumption and behavioral data that are seldom put to use. As analytics evolve into Deep Learning and Cognitive computing analytics roles will undergo significant transformation. The availability of cheaper computing and cloud will accelerate this transformation.
In healthcare cognitive computing is gaining momentum. In 20016 Google used deep learning to automate the diagnosis of eye disease. In New York Mount Sinai Hospital used Machine Learning to analyze patients’ electronic health records and predict what disease a person would go on to develop.