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Data Governance & Data Quality – A foundation to enable your organization’s AI/ML strategy
May 24, 2022 @ 12:00 PM - 1:00 PM
Few organizations can refute the potential value associated with using artificial intelligence to cut costs, boost revenue, and stay competitive. According to the OECD’s recent report on AI, ML, and Big Data in finance, global spending on AI is forecast to double for 2020-24, growing from $50 billion to more than $110 billion over four years. However, research shows that few organizations have data they can trust to have AI algorithms produce reliable results. Poor quality or unreliable data makes up a large chunk of many companies’ historical data, which often was “acquired haphazardly” and may “lack the detail and demonstrable accuracy needed for use with AI and other advanced automation,” as noted in a research report by the Wall Street Journal. The incentives to fix these and other data issues are significant. Researchers at the University of Texas have estimated that increasing data usability by 10% would boost annual revenue for Fortune 1000 companies by more than $2 billion.
Join this discussion to explore what leading Financial Institutions are doing to improve their data by maturing data governance and quality capabilities to enable AI and stick around for Q&A at the end!Free Registration