ANI |
Update: April 25, 2024 1:54 p.m. STI
Bombay (Maharashtra) (India), April 25 (ANI): Gartner, a research firm, has revealed the top data and analytics (D&A) trends for 2024, highlighting the challenges organizations face in adopting these trends. These insights were shared at the Gartner Data & Analytics Summit, held in Mumbai on Thursday.
“The power of AIand the growing importance of GenAI “In the midst of this technological revolution, organizations that fail to transition and effectively leverage D&A in general, and AIin particular, will not succeed.”
One of the key trends highlighted is the imperative for D&A leaders to adopt a “bet the business” mindset when it comes to AIpositioning itself as a strategic leader in AI strategy within their company. This involves demonstrating value by aligning capabilities with business outcomes and implementing FinOps practices to optimize resources and reduce costs.
“D&A leaders must demonstrate their value to the organization by connecting the capabilities they develop and the work they do to achieve the business outcomes required by the organization,” Ramakrishnan said.
He added: “Amidst this technological revolution, organizations that fail to transition and effectively leverage D&A in general, and AIin particular, will not succeed”
Another trend, “managed complexity,” highlights the need for organizations to effectively manage the intricacies of D&A systems. Accept complexity and take advantage AIAutomation-enabled tools and productivity improvements are crucial steps in meeting this challenge.
Building trust in data and AI emerges as a critical trend, given growing concerns about data reliability and AI ethics. Business Intelligence Practices and Effectiveness AI Governance is essential for establishing trust among stakeholders and ensuring accurate decision-making processes.
Finally, empower staff through AI Emphasis is placed on literacy and adaptive governance practices to maximize the benefits of AI adoption. Organizations are encouraged to invest in AI literacy programs and adopt a trust-based approach to managing information assets.
Gartner also introduced the Gartner CDAO Effectiveness Diagnostic, a tool designed to help CDAOs assess their leadership effectiveness and identify areas for improvement.
These trends highlight the evolving D&A landscape and the need for organizations to adapt and innovate in order to thrive in the digital age. (ANI)
