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CDOs And The Crisis Of AI Readiness

Dec 29, 2023 - forbes.com
The article discusses the challenges faced by Chief Data Officers (CDOs) in becoming AI-ready, particularly in the areas of data strategy, master data management, and data governance. The author identifies three main factors inhibiting AI readiness: knowledge gaps in AI, particularly in large language models (LLMs); outdated mindsets rooted in legacy data approaches; and a lack of understanding of data science disciplines.

To overcome these challenges, the author suggests that data leaders need to educate themselves and their teams on AI technologies, learn by doing, integrate the use of LLMs into daily processes, and advocate for the benefits of AI within their organizations. This will help accelerate AI readiness and enable companies to leverage AI technologies more effectively.

Key takeaways:

  • Chief Data Officers (CDOs) are facing challenges in AI readiness due to knowledge gaps in AI, outdated mindsets rooted in legacy approaches to data, and a lack of understanding of the disciplines of AI and data science.
  • Many CDOs mistakenly believe they need to build custom large language models (LLMs) using internal structured data, which is a costly and complex process that most companies don't need.
  • AI requires a paradigm shift from traditional data management approaches, as AI-based systems are highly adaptable, scalable, and increasingly autonomous.
  • To improve AI readiness, data leaders need to educate themselves and their teams on AI technologies, encourage the use of LLMs in daily processes, and act as advocates for the benefits of AI within their organizations.
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