The Gartner Knowledge & Analytics Summit in Orlando, Florida, not too long ago concluded after three intense days crammed with deep discussions and insightful revelations!
Within the present 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 over 600 information leaders to delve into their views and priorities for 2024. They shared their enthusiasm, visions for the way forward for D&A, methods for adopting Generative AI (GenAI), and far more. Right here’s a abstract of our findings.
Knowledge Governance is a High Precedence for 65% of Knowledge Leaders
Over 65% of information leaders highlighted information governance as their principal focus in 2024, adopted by information high quality (47%), AI (44%), self-service analytics (32%), and DataOps (19%).
This shift in the direction of prioritizing governance and high quality may replicate the continued challenges confronted in self-service fashions. Efficient governance promotes data-driven selections, enhances effectivity, and fosters belief by means of transparency.
Knowledge Leaders are Most Excited In regards to the Potentialities of Generative AI
A notable 54% of information leaders expressed pleasure concerning the prospects of generative AI for 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, improve buyer experiences, and drive innovation is turning into more and more acknowledged.
Additionally they confirmed curiosity in information mesh and cloth (30%), energetic metadata (25%), and information observability (24%), with information contracts gaining minimal pleasure (5%).
Delivering on the Promise of Generative AI
Whereas the passion for generative AI is obvious, the survey highlights a number of challenges that organizations face in harnessing their full potential. 47% of information leaders are researching appropriate applied sciences and potential makes use of for generative AI.
The dearth of readability on enterprise affect suggests a necessity for extra concrete examples and success tales that display the worth generative AI can deliver to completely different industries.
Solely 30% have initiated early proof-of-concept initiatives to display the expertise’s potential, and a mere 14% are actively incorporating generative AI into manufacturing. About 7% indicated that generative AI utilization is at the moment banned of their organizations.
Figuring out Gaps in Generative AI Technique
Curiosity in generative AI is on the rise, however over 27% of information leaders are nonetheless determining its enterprise affect. Round 20% lack the expert personnel for growing and deploying GenAI options, highlighting the necessity for coaching and inner functionality enhancement.
Moreover, 17% of leaders report insufficient or low-quality information, and over 13% lack the mandatory expertise for GenAI initiatives.
56% of Knowledge Leaders Increase Their Budgets in 2024
With 56% of information leaders reporting a rise of their D&A budgets for 2024, there’s a clear indication of the rising significance positioned on information and analytics inside organizational methods.
Solely 8% of information leaders reported funds cuts and 35% reported that they’re sustaining their funds ranges.
Solely 11% of Knowledge Leaders Join Workforce ROI to Enterprise Outcomes
Our survey signifies that the majority respondents are within the preliminary levels of defining information crew ROI, with over 50% missing a proper strategy to monitoring worth and ROI.
About 27% of information leaders monitor operational KPIs (like request success charges, developer hours, or time to ticket decision).
In the meantime, solely 11% have established each quantitative and qualitative success metrics linked to enterprise outcomes, guaranteeing clear communication with stakeholders.
The findings underscore a major alternative for D&A capabilities to higher display their worth by connecting D&A efforts extra carefully with strategic enterprise aims, guaranteeing that information initiatives drive tangible enterprise outcomes.
Conclusion
The insights from the Gartner Knowledge & Analytics Summit survey present a priceless 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 complicated panorama of data-driven transformation.
Knowledge leaders are targeted on tying D&A initiatives to enterprise outcomes, gaining traction with their D&A governance effort, and getting ready their group’s information for Gen AI use instances. All of those depend on a basis of activated metadata to boost collaboration between information producers and information customers. To be taught extra about how energetic metadata unlocks these efforts, e book a demo.
Following up on this survey, we’re organizing a webinar titled Key Takeaways from the Gartner Knowledge and Analytics Summit 2024, hosted by Austin Kronz, Director of Knowledge Technique at Atlan (and former Gartner Analyst). If you happen to’re taken with diving deeper and becoming a member of the dialogue, join right here.
