Gartner has unveiled the key data and analytics (D&A) trends for 2024, highlighting challenges arising from organizational and human factors. At the Gartner Data & Analytics Summit in Mumbai, Ramke Ramakrishnan, Gartner’s VP Analyst, emphasized the transformative impact of AI and GenAI on work dynamics, collaboration, and processes. Organizations failing to adapt and effectively utilize D&A, particularly AI, risk falling behind.
Outlined at the summit, the top D&A trends include:
- Betting the Business: D&A leaders must exhibit proficiency in AI and gain trust to lead AI strategies within enterprises, aligning capabilities with desired business outcomes to avoid resource misallocation and underutilization.
- Managed Complexity: Leading organizations are turning D&A system complexities into manageable challenges by leveraging AI-enabled tools to automate tasks and enhance productivity, with a focus on adopting data fabric by 2025.
- Be Trusted: The proliferation of GenAI presents challenges in data reliability and trust. D&A leaders should employ decision intelligence and responsible AI practices to build trust in data and decision-making processes.
- Empowered Workforce: Organizations must empower employees through AI literacy and adaptive governance practices, recognizing the diverse skill sets required for AI usage and investing in data and AI literacy programs.
Gartner offers the CDAO Effectiveness Diagnostic tool to assess D&A leaders’ effectiveness. The Gartner Data & Analytics Summit, held in Mumbai and other locations, provides insights into these trends.