The Gartner Information & Analytics Summit in Orlando, Florida just lately concluded after three intense days full of deep discussions and eye-opening revelations!
In immediately’s period, information and analytics (D&A) are essential in shaping our work processes. The Summit serves as a key assembly level for Chief Information Analytics Officers (CDAOs) and D&A leaders.
On the Summit, we surveyed greater than 600 information leaders to delve deeper into their insights and priorities for 2024. They shared their pleasure, visions for the way forward for D&A, methods for adopting generative AI (GenAI), and rather more. Here’s a abstract of our findings.
Information governance is a high precedence for 65% of information leaders
Greater than 65% of information leaders highlighted information governance as their high focus in 2024, adopted by information high quality (47%), AI (44%), self-service analytics (32%), and DataOps (19%).
This shift towards prioritizing governance and high quality might mirror the present challenges going through self-service fashions. Efficient governance promotes data-driven choices, improves effectivity, and builds belief by way of transparency.
Information leaders are extra excited concerning the prospects of generative AI
A notable 54% of information leaders expressed enthusiasm concerning the prospects for generative AI to 2024. This enthusiasm is indicative of a broader pattern within the D&A group, the place the potential for generative AI to revolutionize enterprise fashions, enhance buyer experiences and drive innovation is rising. being more and more acknowledged.
In addition they confirmed curiosity in information mesh and construction (30%), energetic metadata (25%), and information observability (24%), with information contracts garnering minimal enthusiasm (5%).
Delivering on the promise of generative AI
Whereas the keenness for generative AI is obvious, the survey highlights a number of challenges organizations face in realizing its full potential. 47% of information leaders are investigating appropriate applied sciences and potential makes use of for generative AI.
The shortage of readability round enterprise influence suggests the necessity for extra concrete examples and success tales that exhibit the worth that generative AI can deliver to completely different industries.
Solely 30% have began early proof-of-concept initiatives to exhibit the expertise’s potential, and simply 14% are actively incorporating generative AI into manufacturing. About 7% indicated that using generative AI is presently prohibited of their organizations.
Figuring out gaps in generative AI technique
Curiosity in generative AI is rising, however greater than 27% of information leaders are nonetheless discovering its enterprise influence. Round 20% lack skilled personnel to develop and implement GenAI options, highlighting the necessity for coaching and enchancment of inside capabilities.
Moreover, 17% of leaders report insufficient or low-quality information, and greater than 13% lack the expertise wanted for GenAI initiatives.
56% of information leaders improve their budgets in 2024
With 56% of information leaders reporting a rise of their D&A budgets by 2024, there’s a clear indication of the rising significance being positioned on information and analytics inside organizational methods.
Solely 8% of information leaders reported finances cuts and 35% reported sustaining their finances ranges.
Solely 11% of information leaders join crew ROI to enterprise outcomes
Our survey signifies that almost all respondents are within the early phases of defining information crew ROI, and greater than 50% lack a proper strategy to monitoring worth and ROI.
About 27% of information leaders monitor operational KPIs (resembling request achievement charges, growth hours, or time to ticket decision).
In the meantime, solely 11% have established each quantitative and qualitative success metrics linked to enterprise outcomes, making certain clear communication with stakeholders.
The findings underscore a major alternative for D&A capabilities to raised exhibit their worth by connecting D&A efforts extra carefully to strategic enterprise goals, making certain information initiatives drive tangible enterprise outcomes.
Conclusion
Insights from the Gartner Information & Analytics Summit survey present a helpful snapshot of the present state and future course of the D&A subject. As information and analytics leaders look to 2024 and past, the challenges and alternatives outlined within the survey supply a roadmap for navigating the advanced panorama of data-driven transformation.
Information leaders give attention to linking D&A initiatives to enterprise outcomes, gaining momentum with their D&A governance effort, and making ready their group’s information for Gen AI use circumstances. All of those are based mostly on a basis of activated metadata to enhance collaboration between information producers and shoppers. To be taught extra about how energetic metadata unlocks these efforts, e book a demo.
Following up on this survey, we’re internet hosting a webinar titled Key Takeaways from Gartner Information and Analytics Summit 2024introduced by Austin Kronz, director of information technique at Atlan (and former Gartner analyst). In case you are desirous about going deeper and becoming a member of the dialogue, register right here.
