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## Business Leaders Misunderstand the Importance of Data
A recent Salesforce survey revealed that only 40% of business leaders trust their companies’ data, a decline from 54% reported two years earlier. This trend underscores the crucial role that data underpins informed decision-making, critical for pursuit of cutting-edge strategies.
## Theﲬ of Data-Oriented Decision-Making
executives are torn between data needs and the tools they can use to extract insights, such as AI. They’re facing the challenge of finding, analyzing, and interpreting data effectively, though 63% believe their ability to do this is critical to their jobs. This highlights the difficulty of balancing data accessibility with reliance on their own computational resources.
## The Glenches of Inefficiency
Executives frequently struggle with GDPR compliance, data privacy, and maintaining a secure data infrastructure. These challenges affect the ability to deploy AI solutions that align with strategic objectives.
## The Temptations of Data Overload
Bugs in data (garbage in, garbage out) have become a magnus effect in AI and data-driven initiatives. Executives are skeptical of whether the data they’re feeding into AI models is reliable, relevant, and accurate enough.
## Addressing Data-obessaendency
To solve these challenges, the industry suggests focusing on data infrastructure as a service, delivering internal organizations with actionable data. This approach requires reorientation, shifting the focus from operational to strategic data management.
## AI’s Role in Addressing Data Issues
Advanced AI, particularly generative models like GANs, can refine data processing pipelines, identifying and filtering errors. Integrating metadata and entity relationships in storage systems can provide deeper insights, benefiting AI-driven teams.
## Conclusion
The core to solving the problem lies in leveraging AI to transform data challenges into strategic analytics. The focus should be on delivering actionable data rather than relying solely on one-off data capabilities.
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