Against the odds and in record time, pharmaceutical companies have produced groundbreaking vaccines and therapeutics that promise a sustainable recovery from the coronavirus pandemic. It’s been a truly remarkable accomplishment, and their use of data and artificial intelligence to accelerate progress holds important lessons for every sector and company.
First and foremost is the imperative to embrace these rapid technological advances that are driving the fourth industrial revolution. For any company that wants to position itself for growth, betting on this agenda is an insurance policy for long-term success. Big data and A.I. radically improve innovation, speed, and agility, which are the lifeblood of all effective organizations.
Against this backdrop, it’s alarming that 76% of C-suite executives say they struggle with how to scale A.I., according to Accenture’s research, even though 84% believe it is critical to their business objectives. But perhaps we shouldn’t be so quick to judge. After all, 90% of the data in the world was created in the past two years, and forecasts suggest 175 zettabytes of data will be produced by 2025.
It’s hardly surprising that collecting, storing, analyzing, and consuming such huge volumes of information remains out of reach for most organizations. But that urgently needs to change if they want to keep pace and differentiate in the new, technology-led global economy.
Continue reading: https://fortune.com/2021/10/27/ai-artificial-intelligence-business-strategy-data-accenture/
First and foremost is the imperative to embrace these rapid technological advances that are driving the fourth industrial revolution. For any company that wants to position itself for growth, betting on this agenda is an insurance policy for long-term success. Big data and A.I. radically improve innovation, speed, and agility, which are the lifeblood of all effective organizations.
Against this backdrop, it’s alarming that 76% of C-suite executives say they struggle with how to scale A.I., according to Accenture’s research, even though 84% believe it is critical to their business objectives. But perhaps we shouldn’t be so quick to judge. After all, 90% of the data in the world was created in the past two years, and forecasts suggest 175 zettabytes of data will be produced by 2025.
It’s hardly surprising that collecting, storing, analyzing, and consuming such huge volumes of information remains out of reach for most organizations. But that urgently needs to change if they want to keep pace and differentiate in the new, technology-led global economy.
Continue reading: https://fortune.com/2021/10/27/ai-artificial-intelligence-business-strategy-data-accenture/
