Organizations want Data Governance, a formalized practice that connects different components – roles, processes, communications, metrics, and tools – for its benefits. Company-wide data represents a resource that will “become more valuable than people ever anticipated,” according to David McGraw, senior manager in consumer and industrial products at West Monroe.
Advances in generative AI models in 2023 will only increase the popularity and importance of well-governed data and its advantages so data consumers can easily find and understand data. Not only will this kind of information help businesses improve and grow through AI’s augmentation, but customers will be able to use it to support training their AI models and product creations.
