AI is coming. That is what we heard throughout 2017 and will likely continue to hear throughout this year. For established businesses that are not Google or Facebook, a natural question to ask is: What have we got that is going to allow us to survive this transition?
Is Your Company’s Data Actually Valuable in the AI Era?
The problem with “data is the new oil.”
January 17, 2018
Summary.
There are hundreds of articles claiming that “data is the new oil,” by which they mean it is a fuel that will drive the AI economy. But does AI need your data? Data, like oil, is used day-to-day to operate your prediction machine. But the data you are sitting on now is likely not that data. Instead, the data you have now, which your company accumulated over time, is the type of data used to build the prediction machine — not operate it. The ongoing value of data usually comes from the actions you take in your day-to-day business. And this is the important point for today’s incumbent companies.
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New!
HBR Learning
Digital Intelligence Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Digital Intelligence . Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Excel in a world that's being continually transformed by technology.