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You can't burn data

Jeffrey Phillips

As the concept of digital transformation takes root, you may frequently hear comparisons between data and oil. This comparison was strong enough to lead Wired magazine to define data as the new oil in a magazine article some years ago. Both data and oil are commodities, and exist to some degree in large volumes.

Data 157
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Is Your Company’s Data Ready for Generative AI?

Harvard Business Review

While CDOs and data leaders are excited about generative AI, they have much work to do to get ready for it. Despite excitement, companies have yet to see clear value from generative AI and need to do significant work to prepare their data.

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Getting Your Company’s Data Program Back on Track

Harvard Business Review

Many senior managers find themselves wondering: If data is such a game changer, why is it so hard to extract any value from it? For companies struggling to actually see results from their data program, it might be time to make a fresh start. 2) Many companies try to tackle issues that are too difficult straight out of the gate.

Data 116
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Using Data to Improve Employee Health and Wellness

Harvard Business Review

But without such data, they won’t be able to set priorities and won’t know whether their efforts are effective. This article offers a four-part framework for doing that. Very few employers systematically track their employees’ health and wellbeing.

Data 119
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Why Data Breaches Spiked in 2023

Harvard Business Review

In spite of recent efforts to beef up cybersecurity, data breaches — in which hackers steal personal data — continue to increase year-on-year: there was a 20% increase in data breaches from 2022 to 2023.

Data 100
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Your Data Strategy Needs to Include Everyone

Harvard Business Review

An entirely new “management paradigm” for data is needed. As used here, a “management paradigm” embodies a common language, a holistic vision of the ways data should contribute, a clearly defined organizational structure showing how data integrates across the organization, along with clear roles and responsibilities for all involved.

Data 140
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How Data Collaboration Platforms Can Help Companies Build Better AI

Harvard Business Review

There are three immediate challenges for companies that want to train fine-tuned AI models: 1) they require extensive, high-quality data — a scarce resource for many enterprises, 2) third-party AI models can include problematic biases, and 3) training fine-tuned models with users’ personal data may result in privacy violations.

Data 131