Wavestone Releases 2024 Data and AI Leadership Survey

The 12^th Annual Survey of Fortune 1000 and Global Leadership in Data and AI

NEW YORK, January 2, 2024 /PRNewswire/ — Wavestone has published the results of its 12^th Annual Executive Survey of Data and AI Leaders Fortune 1000 and global data leadership. This year, 95.3% of survey participants held a C-suite title or were responsible for their company’s data and AI, with 89.8% holding the title of Chief Data Officer (CDO) or of Chief Data and Analytics Officer (CDAO) within their company. organization. These leaders have held their positions in 2023 at over 100 Fortune 1000 and Global Data Leadership organizations.

This represents the 12th^th annual edition of the Wavestone survey, first published in 2012 by NewVantage Partners (acquired by Wavestone in 2021) at the request of a group of Fortune 1000 CIOs and data leaders who were seeking to understand whether it was time to expand and accelerate data development. and analytics initiatives and investments. The Executive Data and AI Leadership Survey has evolved over the past twelve years and is now widely recognized as the longest-running survey of Fortune 1000 companies and global leaders in data, analytics and AI.

In the foreword to this year’s survey, Randy BeanInnovation Fellow at Wavestone and founder of NewVantage Partners, and Thomas H. Davenportauthor of the historical study Compete on analysiswrite “The past year has been extraordinary in many ways, not the least of which is the incredible rise of generative AI. This dwarfs any other developments in data and technology, and in this 12^th According to the annual survey by Wavestone (formerly NewVantage Partners), generative AI has a strong influence. Generative AI appears to have catalyzed more positive change in organizations’ data and analytics cultures than ever since this survey began. »

Key findings from the 2024 Data and AI Leadership Survey include:

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1. Large companies continue to invest in data and analytics in hopes of generating business value.

2. Companies view generative AI as potentially the most transformative technology of a generation.

3. Companies believe that the role of Chief Data Officer/Chief Data and Analytics Officer (CDO/CDAO) is necessary, even if turnover has been high and tenures short.

4. Companies recognize that integrating data and AI into traditional business processes and evolving organizational culture requires time and commitment.

5. Businesses believe data and AI protection and governance are essential, but there is still more to be done.

Notable findings from the survey include:

• 87.9% of respondents said investments in data and analytics are a top organizational priority.

• 62.3% of participants said investments in generative AI are a top organizational priority.

• 89.6% of participants said investments in generative AI are increasing within their organization.

• 79.4% of respondents said generative AI should be part of the Chief Data Officer/Chief Data and Analytics Officer (CDO/CDAO) role.

• 15.9% of participants said the industry has done enough to address data and AI ethics.

About Wavestone

Wavestone, a leading independent consultancy firm headquartered in Franceand Q_PERIOR, a consulting leader in the Germany–Swiss–Austria region, joined forces in 2023 to become the most reliable partner for critical transformations. Drawing on more than 5,500 employees across Europe, North America And Asiathe firm perfectly combines first-rate sector expertise with a 360° transformation portfolio of high value-added consulting services.

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SOURCE Wavestone