This yr’s Gartner Information & Analytics Summit simply wrapped up in Orlando, Florida. What a whirlwind three days stuffed with deep discussions and insightful learnings!
This yr, information and analytics (D&A) is extra essential than ever in shaping how we work. Insights from information are essential for selections each huge and small. And that’s the place information leaders are available in — taking that information and switch it into invaluable insights to assist their organizations develop.
Whereas we had been on the Gartner Information & Analytics Summit, we took the chance to speak to over 300 information leaders concerning the yr forward. They shared their ideas on what they’re enthusiastic about, what they see forward for D&A, their cloud adoption methods, and far more. Right here’s what we came upon.
Information governance is the highest precedence for 60% of information leaders
Information governance is a serious precedence for information leaders heading into 2023. In reality, 60% of them mentioned that it’s their prime precedence for the yr.
Different priorities embrace information high quality (46%), information science and machine studying (40%), and DataOps (22%). This deal with enhancing how information is managed, protected, and validated is a superb signal for organizations, since good information is the bottom of fine insights and selections.
Curiously, solely 34% of the leaders we surveyed mentioned that self-service was a prime precedence. Whereas that is nonetheless a big quantity, this shift towards prioritizing governance and information high quality might replicate how information leaders have struggled with self-service for years. In any case, making self-service work requires good governance — figuring out what information is accessible, who owns it, the place it comes from, whether or not you may belief it, and so forth.
42% of information leaders maintain the vast majority of their information within the cloud
Cloud computing is turning into an increasing number of in style, and information leaders aren’t any exception. We discovered that 42% of the information leaders we surveyed already retailer greater than half of their information within the cloud.
In distinction, 35% of information leaders haven’t but shifted to the cloud. 21% mentioned they’ve lower than 10% of their information within the cloud, whereas 14% have 11-25% of their information within the cloud.
Moreover, 23% of respondents reported having 26-50% of their information within the cloud, 22% reported having 51-75% of their information within the cloud, and 20% reported having greater than 76% of their information within the cloud.
These findings recommend that whereas a major variety of organizations are transitioning to the cloud for his or her information wants, there may be nonetheless a substantial share of organizations that haven’t absolutely adopted cloud computing for his or her information.
Information leaders are most excited concerning the prospects of generative AI
Do you know that ChatGPT is the quickest rising client app ever? It reached 1 million customers in simply 5 days. With this hype, it’s no surprise that information leaders can’t wait to check out generative AI.
Over 55% of information leaders we surveyed mentioned that they’re are most excited concerning the prospects of generative AI in 2023. Generative AI has the potential to automate duties, cut back human error, and improve effectivity — a game-changer for organizations that wish to leverage the ability of synthetic intelligence.
Different applied sciences that caught their consideration are information mesh and information material (38%), lively metadata (30%), and information observability (30%). Against this, just a few information leaders (7%) had been most enthusiastic about information contracts.
Solely 23% of information leaders observe their staff’s ROI
Monitoring metrics is important for measuring the success of D&A initiatives. Sadly, our survey discovered that solely about 23% of information leaders observe some operational KPIs (e.g. variety of fulfilled requests, developer hours, or time to ticket decision) for his or her information staff.
Nearly all of respondents (73%) rely primarily on anecdotal outcomes. They reported that they both don’t have any formal approach of monitoring worth and ROI, or they’re within the early phases of planning round ROI.
About half of the leaders who do observe KPIs (12% of whole respondents) mentioned that they’ve each quantitative and qualitative metrics for fulfillment, linked to enterprise outcomes and communicated clearly to a number of stakeholders. I’d actually like to fulfill these leaders and study from their instance!
56% of information leaders are growing their budgets this yr
Essentially the most stunning discovering is that over half (56%) of information leaders mentioned they elevated their price range for D&A in 2023. Solely 12% mentioned that their price range decreased this yr, whereas 35% of leaders’ budgets stayed the identical.
It’s nice information that almost all organizations are nonetheless growing their budgets for information amidst current financial uncertainty. It reveals that they nonetheless imagine within the significance of information and analytics and are prepared to spend money on it to drive development and innovation.
We had a blast speaking to information leaders on the Gartner Summit and studying about what they’re enthusiastic about for 2023. It’s clear that information is up for an attention-grabbing yr filled with influence, innovation, and development!
We simply printed The Way forward for the Trendy Information Stack in 2023. Try the insights that In the direction of Information Science featured of their prime 3 reads of final yr. Obtain the report right here.
