It’s time for Fortune 1000 companies to rethink their investments in data, analytics, and AI. Of course, companies should be investing in these critical business capabilities and differentiators. What they need to take a hard look at is how they’re investing, and whether these investments are leading to the kinds of gains and the levels of business value that companies are aspiring to achieve.
Has Progress on Data, Analytics, and AI Stalled at Your Company?
Four recommendations to ensure your investment strategy drives real business value.
January 30, 2023
Summary.
Companies need to rethink how they’re investing in data, analytics, and AI — and whether these investments are creating real business value. Based on a recent survey of senior data and analytics leaders of Fortune 1000 companies, the author offers four recommendations: 1) focus on culture change and its business impact, 2) start small, 3) build strong business partners and sponsors at every stage, and 4) pay attention to data ethics.
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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.