Observed Signal · Aug 3, 2023 · Analysis · Source: CMSWire · Impact: 2/5 · Sentiment: Neutral
Data Ranks as Top Frustration in Digital Transformation
A CMSWire analysis, citing a Hitachi Vantara-sponsored study, highlights that data remains a major obstacle in digital transformation efforts. 70% of AI solution development involves data wrangling, 80% of business users cannot access needed data, and 34% require third-party help to integrate data. Data quality and security concerns persist, with 23% distrusting data quality and 41% citing security risks. The article advocates for a modern data stack, including data catalogs and observability, and references MIT-CISR research showing only 28% of organizations have mature data practices. It calls on CMOs, CIOs, and CDOs to address these foundational issues to unlock transformation benefits, such as significant revenue growth and margin improvements.
Provides relevant insights into data challenges for digital transformation, but not a major industry-shifting event.
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Key Takeaways & Evidence Grounding
- 70% of AI-based solution development involves data wrangling and harmonization.
- 80% of business users face difficulties accessing the data they need.
- 34% of organizations need third-party help to integrate data.
- 23% of users do not trust their data quality.
- Only 28% of organizations have their data processes mature (per MIT-CISR).
Connected Companies & Entities
2 Entities mapped“Authors Eric Lamarre, Kate Smaje and Rodney Zemmel of the book 'Rewired' are McKinsey consultants....”
“Key elements of the modern data stack are detailed in an article by Matt Bornstein, Jennifer Li and Martin Casado at Andreessen Horowitz....”
Ontology Mapping & Concepts
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