Australia establishes Chief Information Governance Officer Role (CIGO) across all Commonwealth agencies to manage “digital information assets” and establish new best practices. Which is the beginning of a significant paradigm shift, I believe.

Today, there is endless talk about data. Big data, smart data, data, data, data. But you do not read much about data being utilized as an asset. Digital Information and data are not exactly the same. And if data, aka digital information, begins to take on the form of an asset, watch out. Assets are carried on the balance sheet. Digital information assets could be worth millions, or tens of millions, or hundreds of millions of dollars on the balance sheet in the upcoming decade.

I’ve had dozens of conversations over the past six months with senior corporate executives that are beginning to speak about data as digital information and an asset, leading to the establishment of the role Chief Information Governance Officer within their organizations.

How many of the Fortune 1000 will establish the role of a Chief Information Governance Officer and perhaps carry “Digital Information” as an asset on their balance sheets? Which corporations in the United States will take the lead on this initiative and push it forward?

What is the role of the Chief Information Governance Officer today and what will it be in 2020 – 2026? How does one transition into the role of a Chief Information Governance Officer and advance? Where will these CIO’s come from?

Only time will tell, but when the national archives of Australia calls out for ALL Commonwealth departments and agencies to “hire their own Chief information governance officers to manage ‘digital information assets’ effectively across individual organizations” – that’s a beginning to note.

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