It has become abundantly clear by now. Successful business adoption of Big Data and analytics initiatives is largely a function of overcoming cultural impediments. These "cultural" factors have been the principal barrier to deriving value from data and analytics investments for most large firms. Among the principal impediments these firms have faced are challenges of organizational alignment, communication between business and technical constituencies, transformation of key business processes, governance and leadership of data initiatives, business sponsorship and assurance that technical investments can be linked to measureable business outcomes. For the most part, the barriers to success for Big Data initiatives are not about technology – they are due to business issues.
"CDO Europe was a symposium of kindred spirits, with a good spread of industries represented and abundance of experienced practitioners. The agenda has been impeccably researched organised and managed by the Corinium team, and I have particularly enjoyed the discussion group format, which, in my opinion, produced some fascinating insights in how many ways the data challenge is tackled". Coming to Mainland Europe for the first time, this year's Chief Data and Analytics Officer Week will explore how you as a data and analytics leader can deliver on insight-led decision-making and drive innovation within your business. Leveraging Corinium's global network and research, we are looking forward to delivering the latest from our speakers and partners in Amsterdam. With our uniquely interactive conference format, you are guaranteed to network, brainstorm and bounce ideas with speakers and delegates alike, taking back insights that will feed into real strategies for 2018.
Over the course of the last 12 months I've had innumerable conversations with data analytics professionals from here to London. They've been with Chief Data Officers, Chief Analytics Officers and many other senior professionals with an impressive array of job titles. I've talked with people from the banking industry and with people from vehicle manufacturers. These conversations have taken place over drinks at a hotel bar in Amsterdam and over a 7* dinner at the Burj Al Arab in Dubai.
As interest in artificial intelligence (AI) continues to increase rapidly, they say data is the new oil. The machine and deep learning algorithms that drive AI applications require access to massive amounts of data to work. A new survey of 100 business executives conducted by Corinium Digital, an online community focused on analytics, and commissioned by Paxata, Accenture Applied Intelligence, and Microsoft, finds 72 percent of large enterprise IT organizations have already allocated more than $2 million to AI initiatives in the 2018/2019 timeframe. A full 93 percent of respondents say their organizations are investing more than $1 million in analytics initiatives in the same timeframe as well. But when it comes to AI and analytics, there's a significant hurdle that needs to be overcome.
Data and analytics is one of the fastest-growing and highest-priority domains in the modern enterprise. The marketplace continues to be pushed forward by new tools and technologies, as well as increased adoption by organizations small and large. With revenue growth in the BI and data analytics space set to soar in the months and years ahead, it's no wonder that user conferences are becoming so popular. We do our best to provide you with the best resources, including our own buyer's guides and best practices. Sometimes though, you need extra exposure, the kind you can only get in person.