With all of the potential advantages that using AI guarantees, it is no surprise companies need in on the motion. However a brand new Capital One survey reveals a stark disconnect between how assured enterprise leaders are of their firm’s potential to implement AI and the way the know-how professionals who truly implement it really feel.
In accordance with the report, which surveyed almost 4,000 know-how leaders and professionals, 87% of leaders imagine their firm has an information ecosystem geared up to deal with AI, 82% are assured of their potential to mobilize sources for AI and 78% belief their potential. potential to deal with the rising complexity and quantity of knowledge related to AI.
Eighty-four % of leaders additionally imagine their firm has the mandatory processes, instruments and platforms to correctly handle their information.
Eighty % of them mentioned the information they should do their jobs is simple to search out, 78% say it’s simple to grasp, and 77% say it’s simple to grasp.
Nevertheless, responses from know-how professionals inform a distinct story. Solely 35% of know-how professionals imagine they’ve a powerful information tradition, and people who do not blame inconsistent help and schooling.
Seventy % of know-how professionals surveyed mentioned they spend as much as 4 hours a day troubleshooting information points, performing high quality checks, or fixing errors.
“The period of time know-how professionals spend addressing information points signifies that firms could also be overlooking key parts of knowledge administration, which can affect their potential to execute AI methods,” mentioned Terren Peterson. , vp of knowledge engineering at Capital One. “AI amplifies the necessity for high-quality, dependable information that’s error-free, has clearly described lineage and metadata, and is just used the place permitted. As information complexity grows, firms should put money into robust information governance to make sure accountable and efficient use.”
Moreover, though 78% of know-how professionals and 82% of leaders agree on the significance of getting an AI technique, solely about half of them (53% of know-how professionals and 55% of leaders) are actually acquainted with their firm’s AI technique.
The report additionally discovered that 36% of know-how professionals imagine their group has the precise expertise to implement advanced AI initiatives, in comparison with 47% of leaders. Moreover, solely 33% of know-how professionals and 41% of enterprise leaders report having efficiently scaled AI.
“Finally, the belief hole revealed within the survey outcomes illustrates a major disconnect inside organizations. Whereas leaders report confidence of their information ecosystems, know-how professionals’ information administration difficulties, lack of a data-driven tradition, and lack of readability round AI technique reveal a extra advanced actuality . Recognizing and overcoming this disparity is crucial to constructing a basis for AI capabilities and use instances that may result in significant long-term enterprise outcomes. “Corporations that shut this hole can be higher positioned to comprehend the total potential of AI and unlock extra sturdy, long-term worth for years to return,” Capital One wrote in a weblog publish.
For the survey, Capital One partnered with Morning Seek the advice of to survey enterprise leaders and know-how professionals from July 19 to July 30, 2024. Roughly 2,100 enterprise leaders from firms with greater than 500 workers and 1,800 know-how professionals have been surveyed in firms of comparable dimension.
