Posted by Alumni from MIT
January 20, 2023
The title of this column series is 'AI in Action,' and there has indeed been a lot of action over the past year. Judging from the 11th annual NewVantage Partners survey of senior data and analytics executives, some trends are moving in the right direction. For example, more companies are creating senior roles to focus on data and analytics. The chief data officer role has quickly become much more common over time and across more industries; in the survey, 83% of companies have appointed a CDO or chief data and analytics officer (CDAO). An increasing number of companies (69% in this year's survey) are officially incorporating analytics and AI into the CDO role, and we think that's a good idea. It's simply too hard to demonstrate value through data management alone. These executives do feel that they are demonstrating value. This year, 92% of CDO/CDAO and data leaders agreed that their companies had delivered measurable business value from data and analytics investments. That figure... learn more