“ Data consumption has moved into focus as companies use analytics and AI to deliver value from data ”
TECHNOLOGY
“ Data consumption has moved into focus as companies use analytics and AI to deliver value from data ”
RANDY BEAN INNOVATION FELLOW , DATA STRATEGY WAVESTONE
data executives focus on issues such as data modernisation , data products , AI and ML , data quality , and data architectures , the investment in " data literacy " ranked low among their top priorities , with less than 2 % of respondents identifying it as a priority .
This raises the question of whether industry stakeholders are “ leading the horse to water ” but unable to make it drink . Companies need to shift their paradigms towards human issues and invest in data literacy to build a data-driven culture successfully . The low level of the overall success of the Chief Data Officer / Chief Digital and Artificial Intelligence Officer function found in the survey could be attributed to this emphasis on nonhuman issues .
“ This is not to diminish the actual progress made with data in organisations ,” says Davenport . “ The survey and our own observations indicate that data consumption has become much more of a focus in recent years and that companies are using analytics and AI to deliver value from data . Data is driving substantial amounts of business innovation .
“ In the end , however , the ultimate value of data comes when people use it in decisions and actions . That is both a long game and a difficult one .”
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