Data strategy

While AI already impacts many areas of our lives, the majority of businesses are only beginning to understand the potential of AI for their industries.

More than 60 percent of respondents to a new survey said that their data currently exists in organizational silos, with more than half reporting difficulty sharing, linking and using data to drive their risk management strategies.

There are more than a few IT execs leading their firms’ move to speed and innovation in customer experience. VGZ Cooperative is one such firm where this is happening in spades.

The increasing need for advanced solutions for real-time decisions on dynamic business events is accelerating the deployment of streaming analytics, a new report says.

Organizations risk wasting millions of dollars in the next 12 months, as they rush into flawed digital projects, according to a new study.

Data, or even technology, for its own sake without a clear line of sight to a social or business outcome could be a terrible waste.

AI bias may come from incomplete datasets or incorrect values. Bias may also emerge through interactions overtime, skewing the machine’s learning. Moreover, a sudden business change, such as a new law or business rule, or ineffective training algorithms can also cause bias.

IT organizations' expanding role includes both innovation initiatives and keeping core systems running effectively.

Nearly three in four companies still rely on batch processing, slowing the flow of insights.

CIOs must also reshape the technology team to nurture and grow the application of digital as a strategic asset of the business.

In finance, manufacturing and healthcare, decision makers are mainly motivated for digital transformation by the need to increase operational efficiency, Fujitsu finds.

Since CEOs are now at least asking about digital transformation, and every technology vendor now claims expertise in digital transformation, it’s time to burst a few of the myths surrounding digital transformation.

Open-source products are increasingly important for data management, although not all offerings are growing at the same rate.

Many organizations are challenged at how to best establish a successful governance strategy around their master data management efforts. It starts with the right individuals and attitude.

Nearly half of firms recently surveyed struggle to identify between data truths and manipulations. This indicates an urgent need to upskill and support workers, the report said.

Those organizations that have been unable to build scalable systems need governance the most, and are the least able to achieve it, says William McKnight.

The future is coming faster than expected, due to trends like Mecalfe's Law and Bezos's Law that are picking up speed just as Moore’s Law reaches its limitations.

Survey finds 62% of those ages 18 to 34 would let carriers use third-party data from social, fitness apps and smart-home devices to lower prices

A concurrent percentage have in place a management initiative or transformation program to make their business more digital.

It may seem daunting for carriers to navigate all the advancements happening in technology, but there are key items to keep in mind, says EY's Sophie Yen.