What challenges do you see for data in the year ahead that will have an impact on you and on the industry as a whole?
Many companies with large amounts of data debt will unsuccessfully attempt to implement generative artificial intelligence (genAI)-based systems. This will cause a loss of trust in new tools that is undeserved.
Successful implementations of genAI-based solutions require a solid data foundation. The high cost to repair and bolster the data foundation is due to long-term neglect.
The trend to toss out the Chief Data Officer to be replaced by a Chief AI Officer illustrates the lack of understanding of the criticality of improving the data. Data modernization is slow – there is no silver bullet software or AI that will fix your data.