Security News > 2022 > January > How companies manage data and AI initiatives

In the Foreword to this year's survey, NewVantage Partners CEO Randy Bean, and Thomas H. Davenport, a Fellow with the firm, write "The ten years of the survey provide a useful measure of progress-or the lack thereof in some respects-in how companies are managing these important initiatives. From 2012 to 2022 the survey has assessed the initiatives that large companies are focused on, where they are investing and the returns they are getting, the roles assigned to manage data, and the issues that cause significant challenges."

The state of data and AI initiatives Investment in data and AI initiatives continues to grow as efforts deliver measurable results.

Investment in data and AI initiatives continues to grow - the 2022 survey indicates that 97% of participating organizations are investing in data initiatives and that 91% are investing in AI activities.

Less than half of respondents replied that they were competing on data and analytics - 47.4%; only 39.7% reported that they were managing data as an enterprise business asset; barely over a quarter - 26.5% - report that they have created a data-driven organization; and just 19.3% indicate that they have established a data culture.

It is notable within the past few years how the CDO role has evolved to encompass analytics as an expanded CDAO function - 44.3% of CDAOs now come from a data analytics or data science background, contrasted with 29.1% from a data management or data governance background.

Less than half of organizations - 44.2% - report that they have well-established policies and practices in place governing data and AI ethics and the responsible use of data.

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https://www.helpnetsecurity.com/2022/01/05/data-ai-initiatives/