Narrowing Your Data Decision Gap

A Tamr study of 500 data leaders reveals that while 90% have a data initiative planned for 2023, more than half face challenges as they strive to realise business value from their company data. They are failing to master data because it is incorrect, incomplete, out-of-date, duplicative, or siloed, making it unreliable and difficult to use.

“Building a data-driven enterprise — with its greater resilience, innovation, agility, and higher potential for improved business results — has never been more important,” said Philip Carnelley, AVP of software and analytics research, IDC. 

Chandana Gopal, research director of Future of Intelligence at IDC says organizations must make a concerted effort to improve data culture or they will not be able to leverage the investments they have made in technology. “Data culture has many attributes — both visible and invisible — and an improvement in those attributes generates business value and improved business outcomes,” she opined.

A Domo study on the data-decision gap reveals that the top cultural or attitudinal challenge for using data effectively is that too few people across most organizations understand how to access useful data or use it to drive meaningful decisions. This failure starts at the top and cascades down across every level of the business.

This Tuesday, 25 April 2023, Cxociety in partnership with HPE and Intel, invite you to an exclusive and all-inclusive sharing on strategies and best practices to Narrowing Your Data Decision Gap. We will cover:

• Practical considerations for architecting a consolidated data strategy
• How to operationalise data regardless of where it resides
• Develop and deploy analytics and AI applications across hybrid cloud environments
• Delivering AI in production for a positive business impact

IDC warns that by 2024, the inability of organisations to perform cross-functional and integrated scenario planning and forecasting aided by machine learning will negatively affect 75% of Asia’s top 2,000 enterprises’ ability to react to market volatility. 

Don’t belong to that 75%. Join us this 25 April 2023 and start your journey to Narrowing Your Data Decision Gap.