CIO Vision 2025: Bridging the Gap Between BI and AI
Artificial intelligence (AI) is rapidly transforming the business landscape, and CIOs are at the forefront of this change. A new report from MIT Technology Review Insights, sponsored by Databricks, explores how CIOs are driving AI adoption in their organisations and the challenges they face in scaling AI to achieve its full potential.
The report, based on a global survey of 600 technology leaders, reveals that companies are moving from limited AI use to widespread adoption across core business functions by 2025. However, scaling AI successfully requires overcoming significant hurdles.
Key Challenges to AI Success
The report identifies several key challenges that organisations must address to effectively scale AI:
Data Management: Data quality, processing speed, and governance are critical for AI success, yet many organisations struggle with data-related issues.
Internal Rigidities: Organisational structures and processes can hinder AI adoption and scalability.
Talent Deficits: A shortage of AI-qualified talent can limit organisations' ability to develop and deploy AI solutions.
Priorities for CIOs in 2025
To overcome these challenges and drive AI success, the report highlights several key priorities for CIOs:
Invest in Data Foundations: Improving data quality, processing speed, and governance are crucial for building a solid foundation for AI.
Scale AI Use Cases: Expanding AI adoption across different functions can drive innovation and efficiency.
Align Data Strategy with AI Ambitions: Ensuring data capabilities support AI goals is essential for scaling AI successfully.
Embrace Multi-Cloud and Open Standards: A multi-cloud approach and open standards can provide flexibility and facilitate AI development.
The Lakehouse Approach
The report also highlights the emergence of the lakehouse architecture as a solution for unifying data and AI.
The lakehouse combines the performance and governance of data warehouses with the scalability and flexibility of data lakes, providing a single platform for all data workloads.
Key Takeaways for Cottage Factory Clients
This report offers valuable insights for Cottage Factory clients looking to leverage AI for business growth. By focusing on data management, talent development, and adopting a flexible and open approach to technology, businesses can overcome the challenges of AI adoption and unlock its full potential.
Cottage Factory can help businesses assess their AI readiness, develop a robust data strategy, and build the necessary skills and capabilities to succeed in the age of AI.
Read the full report here: https://www.technologyreview.com/2022/09/20/1059630/cio-vision-2025-bridging-the-gap-between-bi-and-ai/
