PR Newswire
21 Sep 2022, 00 GMT+10
CAMBRIDGE, Mass., Sept. 20, 2022 /PRNewswire/ -- A new survey report by MIT Technology Review Insights highlights AI and data management as essential pillars to enterprise success, but found that the majority of survey respondents cited data mismanagement as a critical factor that could jeopardize their company's future AI success.
The report, "CIO vision 2025: Bridging the gap between BI and AI," was conducted in May and June 2022 in association with Databricks, pioneer of the lakehouse architecture. The findings of the report are based on a survey of 600 global CIOs, CDOs, and CTOs from 14 industries and interviews with C-level executives from top enterprises to understand how leaders are thinking about challenges in data management and business value realization as they work to unleash the power of AI in their enterprises.
Among the companies represented in this research are: Procter & Gamble, Johnson & Johnson, Cummins, CNH Industrial, Walgreens Boots Alliance, S&P Global, Marks & Spencer, Tokio Marine, Virgin Australia, and Freshworks.
The findings are as follows:
"Data issues are more likely than not to be the reason if companies fail to achieve their AI goals, according to more than two-thirds of the technology executives we surveyed," says Laurel Ruma, Global Director of Custom Content, MIT Technology Review Insights. "Improving processing speeds, governance, and quality of data, as well as its sufficiency for models, are the main data imperatives to ensure AI can be scaled."
"These insights from global CIOs are consistent with what we hear in the field. AI-ready data is no longer a nice-to-have - it is critical to solve real-world problems and drive business outcomes," says Chris D'Agostino, Global Field CTO at Databricks. "An open and unified platform like the Databricks Lakehouse enables organizations to put their data into action and we are committed to ongoing innovations that will empower business leaders to deploy and scale mission-critical AI projects successfully."
To download the report, click here.
For more information, please contact:
Laurel Ruma
Global Director of Custom Content
MIT Technology Review Insights
laurel.ruma@technologyreview.com
For general enquiries: insights@technologyreview.com
MIT Technology Review Insights is the custom publishing division of MIT Technology Review, the world's longest-running technology magazine, backed by the world's foremost technology institution-producing live events and research on the leading technology and business challenges of the day. Insights conducts qualitative and quantitative research and analysis in the US and abroad and publishes a wide variety of content, including articles, reports, infographics, videos, and podcasts. And through its growing MIT Technology Review Global Insights Panel, Insights has unparalleled access to senior-level executives, innovators, and entrepreneurs worldwide for surveys and in-depth interviews.
Executive quotes for media use
SOURCE MIT Technology Review Insights
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationNAYPYIDAW, Myanmar: Kyar Win, spokesperson for the Myanmar National Democratic Alliance Army, which launched a surprise offensive last month against ...
BANGKOK, Thailand: This week, Thailand's Deputy Finance Minister Krisada Chinavicharana said after a weaker-than-expected third quarter, the country will downgrade ...
LONDON, UK - Shahzad Akbar, a former accountability advisor to former Pakistani Prime Minister Imran Khan, has claimed that an ...
BEIJING, China: The country's commerce ministry said that during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho ...
KATHMANDU, Nepal - NP Saud, Minister of Foreign Affairs, urged Qatar's visiting State Minister for Foreign Affairs, Soltan bin Saad ...
DHAKA, Bangladesh - According to Foreign Minister Dr. AK Abdul Momen, Bangladesh and the United States believe in democracy and ...
LONDON - Health experts and tobacco campaigners have strongly criticized New Zealand's decision to repeal laws that aimed to ban ...
NEW YORK, New York - The Dow Jones index was the standout on U.S. financial markets on Thursday with a ...
WASHINGTON D.C.: Despite the ongoing economic uncertainty, major discounts during the Thanksgiving weekend enticed U.S. shoppers, who spent some US$38 ...
BANGKOK, Thailand: This week, Thailand's Deputy Finance Minister Krisada Chinavicharana said after a weaker-than-expected third quarter, the country will downgrade ...
BEIJING, China: The country's commerce ministry said that during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho ...
NEW YORK, New York - Retreating bond yields and a higher-then-expected GDP reading for the third quarter boosted U.S. stocks ...