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Future-Proof Your Company’s AI Strategy: How a Strong Data Foundation Can Set You Up for Sustainable Innovation
- Business leaders are focusing on sustainable innovation by establishing a strong data foundation for future technologies.
- Creating a robust data layer is crucial for future-proofing AI investments and ensuring sustainable growth.
- Aligning data and AI programs leads to improved efficiency and better use of AI capabilities.
- Companies linking data to AI development experience outsized growth and impactful financial results.
- To strengthen a data foundation, companies need to consider specific business outcomes and optimize data for efficiency.
- Best practices include ensuring data quality and governance, enhancing data security, privacy, and compliance, exploring strategic partnerships, and fostering a data-driven culture.
- Companies like SAP and Black Kite utilize AI for data quality, governance, and risk management in their operations.
- Strategic partnerships with companies like Databricks and Snowflake can help structure data for AI success.
- Amazon is a prime example of a company fostering a data-driven culture and leveraging AI extensively for business decisions.
- Business leaders foresee AI transforming businesses in the next two years, emphasizing the importance of data quality for progress.
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