To compete in a data-driven world, business strategies and culture must embrace data and AI.
Data has become both the nervous system and a raw material for modern organizations. Data mastery is also becoming a competitive necessity: for example, AI & machine learning can yield double-digit percentage gains in sales, and reductions in costs1. But transitioning to data-centered strategies requires more than an IT upgrade. Non-technical barriers can stall or sink data initiatives at multiple stages. In addition to overhead expenses, data quality, privacy, ethics, and security issues, when your people and your culture aren’t ready to build a business on data you run significant risks of:
• delays, false starts, unnecessary costs, and lost opportunities
• damage to customer experience and to your brand
• disruption from regulators and legal actions, and
• lost revenue.