Some key points from the article:
- 93% of Israeli business leaders are concerned about missing out on the benefits of AI advancements.
- Only 41% of Israeli business leaders have complete confidence in the accuracy of their data.
- Data management is becoming increasingly important for analytics and IT leaders in Israel.
- A lack of data harmonization and trust is hindering the realization of data potential.
- Analytics and IT leaders are turning to data culture and governance to maximize the potential of data.
According to a report by Salesforce, 93% of Israeli business leaders are deeply apprehensive about potentially missing out on the benefits of artificial intelligence (AI) advancements. The report, based on insights from over 10,000 analytics, IT, and business leaders across 18 countries, highlights the concerns of Israeli business leaders. As AI continues to evolve, companies are eager to capitalize on new iterations, including the transformative capabilities of generative AI. This places immense pressure on data management teams to fuel algorithms with high-quality data.
Data management is becoming a top priority for Israeli analytics and IT leaders. The report reveals that 88% of these leaders recognize the importance of robust data management strategies in the face of AI progress. However, there are significant obstacles hindering the realization of data potential. Only 41% of Israeli business leaders express complete confidence in the accuracy of their data. The lack of data harmonization and trust are cited as key challenges by analytics and IT leaders.
To address these challenges, analytics and IT leaders in Israel are turning to data culture and governance. The report shows that 85% of Israeli analytics and IT leaders use data governance practices to ensure baseline data quality, and 77% intend to increase investments in data training over the next year to strengthen internal data culture. Education and governance play a critical role in maximizing the potential of data.
Wendy Batchelder, chief data officer at Salesforce, emphasizes the importance of managing data strategically. She notes, “The AI revolution is a data revolution, and a company’s AI strategy is only as strong as its data strategy, with trust at its core. Managing data is the most important action a business can take to successfully implement generative AI.”
In conclusion, Israeli business leaders are concerned about missing out on AI advancements and have limited confidence in the accuracy of their data. Data management, including data harmonization and trust, is becoming increasingly important. Analytics and IT leaders are leveraging data culture and governance to maximize the potential of data and ensure successful implementation of AI strategies.