K
Kathleen Martin
Guest
Business trends are evolving. The Covid-19 pandemic shed light on the importance of data and generating meaningful outcomes from it. Companies need to do more to stay on top of changing buyer behavior, talent retention and supply chain dynamics, all of which have led business leaders to revisit their data analytics strategies and kickstart their digital transformation journeys.
Companies are making analytics and artificial intelligence (AI) critical components of their businesses. They harness the power of data to transform their businesses and succeed in these unprecedented times. Industry leaders need to anticipate the newest trends and study market risks and other factors that play into the success of their companies. Let’s review some current topics driving AI and analytics adoption.
1. Analytics And AI At The Strategy Table
Industry leaders across the board rely on analytics to drive their most strategic use cases. Analytics can generate productivity, fuel innovation and create a sustainable competitive edge. Analytics and AI now occupy a significant seat at the strategy table for organizations. Analytics can fuel loyalty and retention, end-to-end visibility of the supply chain, predictive maintenance, fraud detection, cybersecurity and sustainability. To be successful in these endeavors, corporations need to:
• Align their enterprise, analytics and data strategies.
• Design a well-governed, agile and collaborative operating model.
• Create strong partnerships with academics, experts and technology vendors.
2. Growing Investment In Data Management
One foundation of strategic decision making is high-quality data. With the sheer amount of data many organizations possess, most make it a priority to optimally leverage it. Data management has long been a crucial part of most successful companies' strategies, but many companies don’t maximize their potential.
The results of research studies show that about 68% of data isn’t analyzed within most organizations and up to 82% of enterprises are inhibited by data silos. One way to get the necessary analytics is to process data resources with AI.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/03/10/five-trends-in-ai-and-analytics-that-could-put-your-business-ahead/?sh=5f4d4bd54705
Companies are making analytics and artificial intelligence (AI) critical components of their businesses. They harness the power of data to transform their businesses and succeed in these unprecedented times. Industry leaders need to anticipate the newest trends and study market risks and other factors that play into the success of their companies. Let’s review some current topics driving AI and analytics adoption.
1. Analytics And AI At The Strategy Table
Industry leaders across the board rely on analytics to drive their most strategic use cases. Analytics can generate productivity, fuel innovation and create a sustainable competitive edge. Analytics and AI now occupy a significant seat at the strategy table for organizations. Analytics can fuel loyalty and retention, end-to-end visibility of the supply chain, predictive maintenance, fraud detection, cybersecurity and sustainability. To be successful in these endeavors, corporations need to:
• Align their enterprise, analytics and data strategies.
• Design a well-governed, agile and collaborative operating model.
• Create strong partnerships with academics, experts and technology vendors.
2. Growing Investment In Data Management
One foundation of strategic decision making is high-quality data. With the sheer amount of data many organizations possess, most make it a priority to optimally leverage it. Data management has long been a crucial part of most successful companies' strategies, but many companies don’t maximize their potential.
The results of research studies show that about 68% of data isn’t analyzed within most organizations and up to 82% of enterprises are inhibited by data silos. One way to get the necessary analytics is to process data resources with AI.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/03/10/five-trends-in-ai-and-analytics-that-could-put-your-business-ahead/?sh=5f4d4bd54705
