From data chaos to clarity: CIOs embrace data modernization

CIOs are on a journey with AI, and it's taking longer than expected. The incompatibility of legacy systems and mistiming of budget and innovations are slowing progress. The task ahead is centered on data and how AI demands it---high quality, diverse data that is thoroughly documented. Fortunately, companies are turning to value management and focusing on data management initiatives to get their data right.

Some key factors and considerations for CIOs are:

• Data Dilemma: Getting data right is a work in progress. CIOs need to ensure data is clean and accurate for AI applications.
• Enterprise Data Governance: CIOs are embracing enterprise data governance to produce quality data for AI applications.
• Value Management: CIOs should apply value management to digital transformations with data and data management initiatives.
• Chief Data Officer: Many CIOs are hiring a Chief Data Officer to focus on data governance.
• Board Communications: CIOs need to step up communications with the board to ensure alignment on data and AI initiatives.