Every Data Decision-Maker in Asia-Pacific Plans to Invest in Data Management Capabilities: Informatica Study
Informatica, a leading provider of enterprise cloud data management solutions, has released new research revealing that every chief digital officer and other data decision-maker in Asia-Pacific (APAC) plans to invest in data management capabilities in response to the growing prominence of generative artificial intelligence (AI). The survey, conducted globally, found that 53% of enterprises in Australia alone expect to implement generative AI within the next 1-24 months.
Roadblocks and Concerns Surrounding the Adoption of Generative AI in APAC
Despite the widespread interest in generative AI, the survey highlighted a number of roadblocks that APAC respondents have encountered during the adoption process. In Australia, the majority (53%) cited avoiding bias as their biggest concern, followed by concerns around data privacy and protection (42%) and AI governance (36%). Other significant hurdles include the challenge of managing data fragmentation, with 56% of APAC data leaders struggling to balance over 1000 data sources, a number that is expected to increase further in 2024.
Difficulties Justifying ROI and Lack of Budget Control Hindering Data Management Strategies
The survey also revealed that nearly half (45%) of Australian respondents believe that their inability to justify ROI and lack of control over budget for data management strategies present major hurdles for their organizations. This suggests that businesses in the region are grappling with challenges related to aligning data management initiatives with overall financial objectives and securing sufficient funding to support these endeavors.
Insights from Informatica’s Chief Product Officer on Generative AI Implementation
Jitesh Ghai, Chief Product Officer at Informatica, emphasized that generative AI continues to be a top priority for data leaders across the globe. He acknowledged that while there are numerous technical and organizational obstacles to overcome, investing in holistic and highly integrated data management capabilities is crucial to fully harnessing the potential of generative AI and enabling enterprises to maintain control over their expanding data estates.
Conclusion: The Future of Generative AI and Data Management in APAC
Informatica’s research highlights the growing interest and investment in generative AI among data decision-makers in the Asia-Pacific region. Despite encountering roadblocks such as bias, data privacy concerns, and data fragmentation, organizations remain eager to adopt this transformative technology. To fully capitalize on the potential of generative AI, it is essential for organizations to prioritize robust data management capabilities and find ways to justify the return on investment while maintaining control over budget. By doing so, businesses can unlock the vast potential of generative AI and effectively navigate the ever-expanding world of data.
Analyst comment
Positive news: Every data decision-maker in Asia-Pacific plans to invest in data management capabilities to leverage generative AI. Australian enterprises expect to implement generative AI within the next 1-24 months.
Short market analysis: The market for data management capabilities in APAC is set to grow as organizations prioritize investment in generative AI. Companies need to address roadblocks such as bias and data fragmentation and justify ROI to fully unlock the potential of generative AI.
