An increasing number of companies are considering adding the Chief Data Officer (CDO) role to the team. One of those companies is Fidelity Investments.

Chair of Fidelity Investments’ Technology Advisory Group, Gopal Subramanian, SVP and Data Science & Analytics Practice Lead, is one of Fidelity Investments’ “data czars.” Subramanian explained to theCUBE, SiliconANGLE’s Media team, during MITCDOIQ Symposium 2015, how the members of the group work together, learning from each other and sharing information and technology across the business.

Discussing why Fidelity does not have a CDO, Subramanian revealed that the company is currently assessing if it makes sense to create a position for a CDO, as well as how that role would be defined. Other topics covered in the interview included Data as a Service (DaaS) and balancing governance and innovation.

Addressing the importance of security as Fidelity makes the transition to the Cloud, Subramanian said: “People have trusted us, the brand, with their money. … We have to face the customers and be very clear about it. It is a balance that we have to strike.”

Fidelity is always creating ‘what’s new’

Subramanian told theCUBE that Fidelity actively searches out new technologies worldwide, taking “innovation road trips” to search out solutions for problems they anticipate coming to the forefront in three to four years. In a recent three-day trip to San Francisco, representatives for Fidelity met with 18 start-ups in their search for Big Data solutions.

Watch the full interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of MITCDOIQ Symposium 2015.

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Photo by SiliconANGLE