Three ways AI-ifying your organization can reap tremendous results – Fast Company

Data has been both a friend and foe for enterprises since the early 2000s. Most executives understand the power of data, but the sheer vastness of an organization’s data stores—which can easily reach the petabyte level—contributes to a general state of information overload. As such, traditional enterprises are struggling, and commonplace IT terms like “data lakes” and “data warehouses” are now jokingly referred to as “data dumping grounds.”

The challenge today is how to invigorate these “data dumping grounds” into intuitive recommendations and predictions. This is where an artificial intelligence (AI) strategy comes in, offering a way to collect and unify relevant information so that it becomes actionable and insightful.

For example, AI can galvanize an organization’s supply chain management analytics. Once a company embarks on an AI journey, it will have to commence a wide data strategy. This includes collecting and unifying data from the internal ERP and CRM systems, along with…

Read Full Story: https://www.fastcompany.com/90767812/three-ways-ai-ifying-your-organization-can-reap-tremendous-results

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