Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Operational Data Powers The Digital Economy

Nov 19, 2024 - forbes.com
The article discusses the importance of operational data in today's digital world, emphasizing its role as the heartbeat of software and its ability to drive digital systems, decisions, and processes. It highlights how operational data, or real-time information generated from everyday processes, is crucial for powering applications and generating insights that help us respond intelligently to the world’s changing conditions. The article uses the example of Northwell Health, which utilized operational data to manage the influx of Covid-19 patients effectively.

However, the article also points out that many organizations lack a modern operational data layer, resulting in vast amounts of untapped "dark data". This dark data is not only a financial burden but also a cybersecurity threat. The article suggests that investing in a strong operational data layer can unlock the value of this untapped data, making it faster and more cost-effective to launch data-driven applications. It also discusses the growing opportunities presented by AI, which can facilitate the processes involved with architecting an operational data layer and enhance real-time predictions and personalized insights.

Key takeaways:

  • Operational data, or real-time information generated from everyday processes, is essential for powering applications that complete immediate tasks and generate insights that help us respond intelligently to the world’s changing conditions.
  • Many organizations lack a modern operational data layer or are leaving vast amounts of their operational data untapped, with nearly two-thirds of organizations’ data considered “dark data” that is inaccessible and costly to store.
  • Investing in a strong operational data layer can unlock the immense value of untapped data, making it faster and more cost-effective to launch data-driven applications, and potentially boosting productivity by up to 20% and accelerating decision making.
  • AI can facilitate the processes involved with architecting an operational data layer, funneling mountains of operational data into AI-powered applications that enhance real-time predictions and deliver personalized insights to end-users.
View Full Article

Comments (0)

Be the first to comment!