Creating the Foundation to Unlock the Opportunity with AI

Creating a strong foundation for AI adoption is crucial to unlocking its full potential, as businesses are skipping this critical step in favor of throwing data at the problem, hoping some of it sticks. The value derived from AI solutions has been limited due to data-related challenges, with only 17% of organizations successfully moving AI projects into full production. To tackle foundational challenges, businesses need to build a solid data foundation layer first, as emphasized by Nilesh Bansal and Luca Eisenstecken. This includes collecting the right data, having the right infrastructure in place, maintaining governance and privacy controls, and making data accessible to all parties involved. By prioritizing the basics of 'doing data well', businesses can unlock the impact of AI and allow themselves a prime seat at the table of change.

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