Fivetran announced a new report, "AI readiness for C-suite leaders,"
in partnership with MIT Technology Review Insights. The report draws on
a global survey of 300 C-suite executives and senior technology leaders
across 11 industries, including financial services, manufacturing,
retail, healthcare and government. Over half of the respondents (53%)
are from organizations with revenues of $1 billion or more. The study
also highlights in-depth interviews with leading experts from Saks,
Honeywell, International Data Corporation (IDC) and Fivetran.
The study found that C-suite leaders consider data integration, secure
access to all data sources and the ability to share and combine data
from every type of data source, including SaaS applications, legacy
databases and custom applications, critical investment areas for
leveraging AI and generative AI technologies. This prioritization
underscores the critical role of robust data strategies in unlocking the
full potential of AI and GenAI for business innovation and efficiency.
Key findings from the MIT Technology Review Insights report include:
-
Data integration tops the list of priorities for AI and GenAI readiness:
An overwhelming 82% of surveyed leaders affirm that scaling AI or
generative AI to create business value is a top organizational priority,
with 45% citing data integration and pipelines as their primary
challenge.
-
Executives are laser-focused on data management challenges - and lasting solutions:
Among survey respondents, 83% say that their "organization has
identified numerous sources of data that we must bring together in order
to enable our AI initiatives."
-
Security and data governance are top concerns for regulated sectors:
Security and data governance are identified as major challenges by
leaders, particularly in highly regulated sectors, underscoring the
importance of secure and compliant data practices at the outset of AI
projects.
"Data integration isn't just a technical challenge - it's a strategic
imperative that underpins all successful AI initiatives," said George
Fraser, CEO of Fivetran. "This report validates our mission to empower
organizations with data movement capabilities that are not only
efficient but also scalable and secure. As AI technologies continue to
evolve, the ability to integrate and manage data effectively will
distinguish industry leaders from the rest."
Fivetran is committed to helping customers overcome their data
challenges and build the best data platform for their business. Fivetran
has helped thousands of businesses like Saks, Honeywell and HubSpot
securely move, combine and share data to help unlock innovation, improve
customer experiences and deliver business value.
To read the full report, click here.