Unlock business growth with data-driven insights: 5 lessons from IT leaders
Blog post from Elastic
IT leaders emphasize the importance of leveraging data and AI to drive business growth and gain a competitive edge, highlighting that real-time data insights and a strong data foundation are crucial for productivity and innovation. Despite the excitement around generative AI (GenAI), organizations must first prioritize robust data practices, as quality AI outputs rely on quality data inputs. Many executives feel their organizations lag in data maturity, often due to data silos, and stress the need to evaluate and enhance their data maturity stages, from capturing to transforming data. Satisfaction with data insights is essential, and organizations should focus on refining insights for accuracy and relevance, addressing underlying data challenges to improve decision-making and operational efficiency. While GenAI presents opportunities for automation and efficiency, its success hinges on well-established data practices, with early adoption potentially offering a significant competitive advantage.