"Many organizations don't understand how to value investment in technology and databases -- still viewing them as purely cost centers," said Steve Mitchell, CFO at Redgate Software. This highlights a critical gap in understanding the potential benefits of data-driven strategies. Companies that harness the increasing volume of data not only create value but also enhance commercial execution and resource management, ultimately leading to higher satisfaction among teams and stakeholders."
A survey of 1,000 IT executives revealed that 86% report data-related barriers, focusing on challenges in gaining meaningful insights and real-time data access. The momentum for AI investment is slowing down as organizations grapple with these data dilemmas, indicating that data readiness is a significant hurdle before successful AI implementation can occur."
Half of the surveyed executives feel they rushed into generative AI initiatives without being fully prepared, suggesting a misalignment between aspirations and the reality of their data capabilities. Among those using gen AI, 84% reported issues connected to their data sources, raising concerns about the foundational systems needed to support advanced AI applications effectively. This calls for a critical reassessment of data integrity and accessibility."
Collection
[
|
...
]