Business decision makers and information professionals agree that at least 50% of the data used by their company on a daily basis should focus on doing good in the communities it serves.
SANTA CLARA, Calif., March 16, 2022 / PRNewswire / – A new study by Cloudera, a business data cloud company, reveals more than a quarter (26%) of business decision makers now investing more environmentally, socially and corporately. governance (ESG) before developing new products / services (24%) or accelerating financial growth (21%). Additionally, information professionals believe that approximately 49% of the data their business uses on a daily basis should focus on doing good for the communities it serves. This is the sentiment that 52% of business decision makers agree with – a clear indication that profit and ESG are no longer mutually exclusive.
These findings were revealed in Cloudera’s Limitless: The Positive Power of AI Study, which surveyed 2,213 business decision makers – including 54% representation of the C-Suite – and 10,880 information workers in the USA, EMEA, India and -APAC. It shows that the ESG is considered the most important thing for business leaders and those who fail to do something for the benefit of the communities are putting business growth and talent at great risk. The study also assessed changes in attitudes to AI, Machine Learning (ML) and Data Analytics for all business decision makers, including C-Suite, and knowledge staff. The data shows that all the pieces are in place for this to be the right time for companies to speed up their AI / ML strategy.
Failure to do something for the benefit of the community puts business growth, and talent at risk:
About a quarter (24%) of business decision makers and more than one in five (22%) employees believe that their company should publicly support sustainable business processes. In addition, the majority of experienced employees (81%) argue that there is a need to use AI to bring about sustainable business processes that benefit both their organization and the communities they serve.
But that being said, less than one-third (31%) of business decision makers are active in the use of these technologies and have limited understanding of how they work. Companies that deal with these gaps are now reaping the real benefits of competing in customer service and talent. If businesses really want to embed stability in their minds, leaders need to start using data to deliver sustainable results – and sooner. Failure to do something and 23% of experienced employees and 27% of Investingdecision makers believe that employees will leave the business. This could be a destructive business move amid global talent shortages, especially if all the company’s competitors are fixing the gap.
“It is my sincere belief that using big data and AI to make sustainable Investing decisions will be an important aspect of future competition,” said Erica Orange, VP of The Future Hunters. “A key part of this will come in rethinking the metrics for business success to surpass profit-driven metrics and focus on the real impact on the environment.” Scroll Down For Continue Reading…
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Fears of losing a job in AI replaces focusing on investing in re-employment:
The results of the study also dispel long-held belief that employees fear AI taking over their jobs. Increasing the volume of data now available to businesses has made AI / ML a common thread in many career areas and a strong partner. More than half the information staff say that their daily activities have been added or made available to AI (55%), ML (51%) and Data Analytics (63%) in the last 12 months. The main benefits of this were time saving (37%) and allowing them / their team to focus more on strategic work (35%). In addition, 80% of experienced employees are now free to take on new roles thanks to AI / ML / Data Analytics.
To benefit from this, businesses need to do more and invest in retraining staff. Nine out of ten (91%) business executives say their organization will commit to continued investment in re-employment as more jobs are created automatically. But human investment does not end there. Companies also need to engage partners in skills development and skills development programs to ensure a playground for employees.
“The results of this study reveal a new economic wave, which focuses on equally big things for profit. The planet, and humans – emerging,” said Mick Hollison, President, Cloudera. “For business leaders this means it is time to redefine their thinking on technology. Investment – identifying not only data that will support growth, but also technology that will help employees. And communities gain meaningful access to them. At Cloudera, we are working with our company. Data Analytics and AI. ”
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Editors’ Notes:
About Infinity: The Power of AI Learning
Both the business decision maker and the research expert components are developed by Sapio Research. An independent market research institute based in London, UK. 2,213 business decision makers, including 54% from C-Suite, working in companies with 1,000+ employees. 400 IT decision makers, completed an online survey in August 2021. At the same time, an employee information – eliminates full users. – time employment and access to technology as part of their day-to-day operations. Surveys were also conducted among those employed in organizations with 1,000+ employees during August 2021.
The following number of respondents was contacted on each market mentioned:
Information staff:
USA 1007
UK 1003
Germany 1000
France 1000
Italy 1001
Spain 1006
Korea 204
Japan 1005
China 1005
Singapore 200
Indonesia 200
Australia 163
New Zealand 37
India 1008
South Africa 513
UAE 528
Business decision makers:
USA 200
UK 200
Germany 200
France 200
Italy 150
Spain 150
Korea 107
Japan 100
China 202
Singapore 100
Indonesia 101
Australia 113
New Zealand 37
India 200
South Africa 78
UAE 75
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Unlimited: The Power of AI Study Media Assets:
Unlimited: Power Positive EI Study Study. Please note that the report contains many comments from Erica Orange. VP of The Future Hunters, one of the world’s leading consulting companies.
About Cloudera:
At Cloudera, we believe that data can make the impossible today, happen tomorrow. It empowers people to convert complex data into clear and tangible information. Cloudera delivers business data cloud of any data, anywhere, from Edge to AI. Sponsored by the ever-new establishment of an open source community, Cloudera is promoting digital transformation in the world’s largest businesses. Learn more at Cloudera.com.
Cloudera and associated affiliates are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.
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