AI Readiness

Long before the era of AI and big data, in their 1982 book, In Search of Excellence, management consultants Tom Peters and Robert Waterman coined the term, “Data Rich, Information Poor”. It is one thing to collect data, it is another to make good use of it. Combining advanced analytics with generative AI’s capacity to put trends into words, the promise of big data could be realized. However putting AI to work requires investments in not only computing resources but also data management, systems and talent. According to a recent Bain & Company report, firms are increasingly reporting their technology platforms are not ready to deploy to generative AI. As our Digital Innovations strategy team discusses in their recent white paper, Investing in AI:Everything, everywhere, and all at once, artificial intelligence creates opportunities for software, systems, and integration specialists.

Source: Bain & Company, June 2024