Every chief data officer in APAC investing in data management: research
Every chief digital officer and other data decision-maker in Asia–Pacific plans to invest in data management capabilities in light of the meteoric rise of generative AI, according to new research from Informatica.
A global survey conducted by the company found that 53% of enterprises in Australia expect to roll out generative AI in the next 1–24 months. But the survey also found that nearly all APAC respondents have encountered roadblocks when adopting generative AI. In Australia, 53% of respondents cited avoiding bias as their biggest concern, followed by data privacy and protection (42%) and AI governance (36%).
Other major hurdles include data fragmentation, with 56% of APAC data leaders reporting that they are struggling to balance 1000-plus data sources in their organisation and 78% expecting this number to increase in 2024.
Nearly half (45%) of Australian respondents reported that the inability to justify ROI and lack of control over budget for their data management strategies is a major hurdle for their organisation.
Informatica Chief Product Officer Jitesh Ghai said the findings show that generative AI is top of mind for data leaders.
“Unsurprisingly, generative AI implementation and the data strategies needed to do so successfully continue to dominate bandwidth for most data leaders, regardless of region or vertical,” he said. “While there remains a myriad of technical and organisational hurdles that these leaders must navigate, it’s clear investments in holistic, highly integrated data management capabilities are the key to unlock the vast potential of GenAI and empower enterprises to take full control of their ever-expanding data estates.”
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