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.
The XTRD team will take part in AI & Emerging Tech for Finance conference that will be held by Corinium on November 12–13 2019, in Convene at 101 Greenwich, New York City. The theme of the conference is "Embracing the Machines: The Future of Emerging Technologies for Finance". Participating in this event will allow the XTRD team to meet senior leaders and decision-makers from industry leading organizations, and broaden our professional networking in general. Corinium is the world's largest community designed to inspire and support the emerging C-Suite executives focused on Data, Analytics, Customer and Digital Innovation. They produce industry leading conferences like Chief Data & Analytics Officer Fall, Chief Data & Analytics Officer Spring, Chief Data & Analytics Officer Finance and others.
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.
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.