Your AI experiments will fail if you dont focus on this special ingredient
Summary
In the case of ExxonMobil, senior IT executive Andrew Curry says data isnt just the new oil, but the fuel for a whole range of AI-led initiatives across the company. "Everybodys talking about AI and ML, but you cant be successful in that area without having high-quality data," he says, speaking with ZDNET in an interview at the recent Snowflake Summit 2023 in Las Vegas. A big part of that effort focuses on the areas where ExxonMobil can differentiate itself through data -- and the policies that will allow people to exploit emerging technology in a safe and secure manner. While 98% of executives polled in a recent survey by Workday believe there are potentially big benefits from deploying AI and ML, almost half (49%) report their organization is unprepared to exploit these rewards due to a lack of tools, skills, and knowledge. Second, supply chain: "Being able to understand when things are being impacted is very important, and being able to react in a timely manner means a lot to the business, and so that is a key area that were investing in."