Security risks As data accessibility increases, so does the risk of unauthorized access, hacking, and insider breaches. Safeguarding sensitive information becomes requisite to avert data breaches and protect against cyber threats.

According to the AWS/MIT survey, almost 20% of CDOs currently report to the CEO or chairman, over 19% to the CIO, CTO, or some other C-level executive that reports to the CEO, and just about 16% report to a non-C-level executive.

It is good practice to have a data sharing agreement. Data sharing agreements set out the purpose of the data sharing, cover what happens to the data at each stage, set standards and help all the parties involved in sharing to be clear about their roles and responsibilities.

A chief data officer, or CDO, is a high-level management professional who's responsible for overseeing the processes that a company or organisation uses to store and manage their data.