The Main Challenges in Implementing Data-Driven Businesses

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Adi Ahdiat 06/12/2024 17:27 WIB

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According to a Wavestone survey, the main challenges in implementing data-driven businesses are human resources, organizational, and corporate cultural factors.

Challenges Faced by US Companies in Implementing Data-Driven Businesses (2024)

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Challenges Faced by US Companies in Implementing Data-Driven Businesses (2024)

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The trend of data-driven decision-making in business is increasing in the United States (US). However, several challenges exist in its implementation.

This is evident from the *Data and AI Executive Leadership Survey 2024* report released by Wavestone, a multinational business consulting firm.

Wavestone surveyed approximately 100 companies from *Fortune* magazine's list of the top 1000 corporations in the US, known as the Fortune 1000.

Some examples include American Express, Berkshire Hathaway, Chubb, Mastercard, Bridgestone, Dell, General Motors, Hewlett-Packard, Pfizer, Unilever, Bloomberg, Facebook, and Universal Music Group.

Respondents were company executives responsible for data, technology, business, marketing, and other areas.

Approximately 90% of respondents held positions such as Chief Data Officer, Chief Data & Analytics Officer, or Head of Data/Analytics/Artificial Intelligence.

Wavestone also found that 77.6% of respondents considered the main challenge in implementing data-driven business to be the readiness of human resources (HR), organization, work processes, and company culture.

Only 23.4% faced technological challenges.

"The human factor remains a barrier to implementing data-driven strategies," according to the Wavestone report.

"However, progress is being made gradually. Most organizations continue to strive to become data-driven and build a data-driven culture within their companies," it continues.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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The Main Challenges in Implementing Data-Driven Businesses

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