FOR IMMEDIATE RELEASE

New York, NY – April 3, 2018 (Newswire) – Cruz Street Digital^[1] has jumped in with the most unique and practical approach for businesses to handle and leverage their big data by offering on-demand CDOs (chief data officers). This is a pioneering service that’s going to benefit businesses of all sizes.

Big data is the biggest challenge for companies around the world. The rate at which businesses are now capturing useful data is alarmingly high. More data capturing devices combined with penetration of technology in every walk of life is resulting in an inundation of data.

However, it’s not the big data that’s the problem—the problem is how to handle it, make sense of it, integrate it across the organization, and create value for an enterprise. According to the recent estimates, there will be more or less 44 trillion GB of big data that the world will have to handle by 2020. What’s more alarming is the fact that one industry leader out of every five firmly believes that businesses that don’t come up with a strategy to handle and manage big data immediately will become obsolete in the coming times.

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A response to such a tsunami of data was direly needed and Cruz Street came up with the most apt and practical solution to the problem. Small businesses to large enterprises, all organizations can now outsource the CDO responsibilities to a firm that knows big data inside out and is equipped with the technology to make the most of it. As a part of their consulting and fulfillment process Cruz Street not only maps out the technologies and processes of an organization, they offer a service to recruit and place a full time CDO for an organization upon completion. The Cruz Street Digital blog explains the need of an on-demand chief data officer^[3] in great detail.

Once a Cruz Street chief data officer is hired for work, depending upon your need, he/she will take care of revenue creation, cost savings and risk management and mitigation. It is imperative for organizations at this point to not treat big data as a golden egg but as a weapon that will help them shred through competition and have the upper hand. Jesse Cruz talked at length about the need for an on-demand chief data officer, the scope of outsourcing such a position and the company’s vision during his interview with ForbesBooks Radio^[4].