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Is your data strategy ready for gen AI? LOB leaders may disagree

CIO Business Intelligence

Rapid advancements in artificial intelligence (AI), particularly generative AI are putting more pressure on analytics and IT leaders to get their houses in order when it comes to data strategy and data management. But the enthusiasm must be tempered by the need to put data management and data governance in place.

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Incremental Strategies to Move Your Data Strategy Forward Remove Obstacles to Unlock Possibilities in Financial Services

Cloudera

The reality is that we cannot take multiple years to realize an ROI as the industry is moving too quickly. Renovating it while realizing incremental ROI — customer or operational benefits — is the pragmatic approach to moving forward. In some cases, firms are surprised by cloud storage costs and looking to repatriate data.

Strategy 105
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Modular architecture drives productivity and risk management at Gilbane

CIO Business Intelligence

Rather than divide IT, digital, and data into different functional leadership roles, Gilbane’s executive management decided, for the first time, to put all of these transformational teams under one leader. “My In construction, our teams are managing the construction of hundreds of projects happening at any one time,” she says.

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Unlocking the Power of AI with a Real-Time Data Strategy

CIO Business Intelligence

Lessons not learned from the past Organizations have over the past decade put a tremendous amount of energy and effort into becoming data driven but many still struggle to achieve the ROI from data that they’ve sought. report they have established a data culture 26.5% report they have a data-driven organization 39.7%

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Business Management Systems for Data-Driven Businesses

Smart Data Collective

Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. However, companies with data strategies are far more successful than those without. Companies using big data reportedly have 115% higher ROIs.

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6 Tremendous Benefits of Big Data for Financial Management

Smart Data Collective

One survey published on CIO found that less than a third of companies have reported that big data has buy-in from top executives. If you are running a business that has not yet adapted a data strategy, you should keep reading. You will get a better sense of the reasons that you should make investing in big data a top priority.

Big Data 111
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Eyes on Data: An Approach to Measure Data ROI

TDAN

For data managers, the struggle is especially familiar. The difficulty is convincing decision makers to invest in data when measures of data’s value either do not exist or feel too ambiguous to estimate. Justifying any significant business investment is challenging.