CDO Insights 2024:Charting a Courseto AI Readiness

CDO Insights 2024: Charting a Course to AI Readiness

As generative artificial intelligence (AI) becomes more powerful-and businesses struggle to keep pace-the race to implement the technology is heating up: more than two in five data leaders (45%) work at companies that have already integrated generative AI into their business processes, and 54% expect to implement this tech. But this valuable tool is only as good as the quality of the data available. Among data leaders implementing or planning to implement generative AI, the quality of data (42%) is the top data-related obstacle to the adoption of generative AI and large language models (LLMs) reveals a survey of 600 data leaders from companies with $500M+ in revenue from the U.S., EU, and APAC regions conducted by Wakefield Research on behalf of Informatica.
To address this, data leaders are making data investments to overcome AI roadblocks. Not only do 78% of data  leaders predict their organization-s level of investments will increase in 2024-including 33% who predict  significant increases-but 100% of data leaders specifically plan to invest in data management capabilities  to support their data strategy priorities. This can be a double-edged sword: among those predicting data  management investment, 58% expect to use five or more tools for this crucial part of their work-tools that 49%  have half or fewer available as cloud-hosted services. And data sources are expanding as well: 41% admit they-re  juggling 1,000 or more data sources-a number 79% expect to increase in 2024.

    Register To Download

    I am completing this form in connection with my:

    By downloading this whitepaper, you acknowledge that The Media Engagement may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services. Visit our privacy policy for more information about our services, how The Media Engagement may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.