AI for Data: Data capital management @ scale with AI
Data as an asset is not a new idea, but more and more organizations are recognizing how critical data is totheir present and future success. Many are starting to embrace the idea that data should be treated as another form of capital, just like human capital, financial capital, or intellectual capital.
Optimizing data capital is essential for businesses to survive and thrive in the digital age and reinvent theirbusinesses to be more data-driven enterprises. It forces CEOs to be more strategic about acquiring, growing, refining, safeguarding, and deploying their data as they would be for other forms of enterprise capital.
The way companies have traditionally operated their organizations data is human-led and not easily scalable. This is where artificial intelligence (AI) comes into play. AI increases scale in data capital management—lowering costs while improving the quality of overall investments in data and AI.
Data must be high-quality, trusted, easy-to-use, and secure to maximize its use as an asset and minimize its potential liability. Data capital management requires strength in the following areas:
Data supply chain
Ensuring you have the right data repositories and pipelines to meet business needs.
Sustaining high-quality, trusted data at scale.
Requires competency in managing business metadata and the design of cross-functional models for collaboration.
AI increases scale in data capital management – lowering costs while improving quality;
Reducing time of data build
Reducing cost of data build and operations
Increasing quality of data
Data is a new form of strategic capital. The time is now to introduce intelligent machine technology—using AI to accelerate the speed, decrease the cost, and create systems that optimize data workloads and quality.
Bo is a leader in the AI for Digital Core focused on building and scaling AI to solve acute problems, activating wisdom in data to predict, decide and act in ways to work differently to deliver business value.
LEAD – DATA NETWORKS & MARKETPLACE
Prateek is a leader in Intelligent Data & AI Platform strategy and build, focused on realizing and scaling business value at the intersection of business strategy, user experience, data, AI and technology.