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How Organizations Unlock Their Data Capital with Artificial Intelligence

How Organizations Unlock Their Data Capital with Artificial Intelligence

Published By: Research Desk Released: Mar 13, 2020

The process of extracting actionable intelligence from data is one of the most important activities organizations undertake today. But organizations are overwhelmed by the amount of data they have to store and analyze, and traditional querybased analytics processes have drawbacks in terms of speed, bias, and precision. The thoughtful application of artificial intelligence (AI) offers hope. Increasingly, organizations are turning to artificial intelligence to optimize data analysis and decision making. ESG research shows that nearly three-fifths (59%) of organizations are increasing their spending on AI in 2019. 1 These first movers are gaining a significant edge: 71% of organizations using AI in production today attribute more than 5% of their revenue directly to AI initiatives. How do organizations make the most of their data with AI? This Research Insights Report shows that the success organizations have enjoyed unlocking their data’s value with AI varies, and that organizations enjoying the greatest success operate fundamentally different IT environments than their counterparts. Figure 1 illustrates the relationship between the ability of an organization to use AI to unlock its data capital and the organization’s propensity to utilize modern infrastructure.