REIsearch NEWS

10/01/2019

What We Learned From Top Execs About Their Big Data And AI Initiatives

Forbes reports NewVantage Partners has released its 7th annual survey of senior corporate c-executives on the topics of Big Data and Artificial Intelligence (AI) business adoption. The survey was first conducted in 2012 in response to Fortune 1000 business and technology c-executives who sought to understand the potential impact of Big Data and its implications for leading companies. This year, c-executive decision-makers comprised 97.5% of the survey participants, with nearly 65 Fortune 1000 or industry leading firms among the participants.

In recent years, Fortune 1000 companies have come to recognize that to compete with highly-agile data-driven competitors, mainstream firms must become more adept at leveraging their data assets – 91.6% of executives report that the pace of investment in Big Data and AI is increasing, while 87.8% report a greater urgency to invest. Yet, mainstream companies face challenges in becoming data-driven.

 

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