Analysts will discuss the evolving role of data and analytics executives at the March conference in São Paulo
By 2027, more than half of data and analytics leaders (CDAOs) will secure investments for data literacy and Artificial Intelligence (AI) programs, driven by companies' failure to realize the expected value of Generative Artificial Intelligence (GenAI). This is one of the predictions of Gartner, a global leader in business research and advice, which will be presented during the Gartner Data & Analytics 2024 Conference, an important event scheduled for March 26th and 27th, at the Sheraton São Paulo WTC Hotel.
Melissa Davis, analyst and vice president at Gartner
“Few companies are currently implementing literacy programs in AI. While technology skills and capabilities are concentrated in highly technical roles, the status is rapidly changing as industry executives begin to realize the importance of a data, analytics and AI-savvy workforce,” he says. Melissa Davis, analyst and vice president at Gartner. According to him, to build such a team, organizations need data literacy and AI as essential skills. “Critical thinking and problem-solving skills may decline as AI natives rely more on this technology for information and decision-making, reducing the need to analyze situations independently,” he says.
Improving Data and AI Literacy is essential for companies to achieve the expected value with the use of Artificial Intelligence – According to Gartner, GenAI solutions are less reliable due to the complexity and opacity of current algorithms and models, as well as the lack of adequate curation of the information used to power these models. So this is the reason why CDAOs They should invest in their teams to develop strong skills in data, analytics and Artificial Intelligence. Without these skills, AI will not be able to deliver the expected value and may generate potential points of failure.
“Improving data and AI literacy is crucial to identifying relevant use cases that add value to Artificial Intelligence”, emphasizes the Gartner analyst. “However, turning the potential of AI into real business impact requires strong collaboration between business stakeholders and AI experts, which requires a common understanding of key concepts and real expectations about what Artificial Intelligence can and you can’t do it,” he says.
“Companies should assess their teams’ preparedness in terms of data and AI literacy (AI readiness), as well as being honest about the skills needed to take advantage of the benefits of this technology”, recommends Davis. “For any area of investing in GenAI technology or implementing AI use cases, companies must fund corresponding training in data literacy and AI as a foundational capability of their workforces.”
Gartner analysts will offer insights and information on data & analytics trends during the Gartner Data & Analytics 2024 Conference, which will take place in Brazil on March 26th and 27th, at the Sheraton São Paulo WTC Hotel. For more information, visit: https://www.gartner.com/pt-br/
Gartner clients can read more about the 2024 predictions at: “Predicts 2024: Chief Data and Analytics Officers Must Lead Change.
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