Singapore IT Leaders See AI as a Key to Product Innovation
A recent report highlights strong confidence among Singapore's information technology leaders in using artificial intelligence (AI) to drive business growth. A striking 89% agree that AI plays a crucial role in advancing their companies' capabilities, particularly in product and service innovation.
Challenges in Data Management
Despite the optimism, businesses face significant hurdles in data handling. Over 70% report issues with data timeliness and quality, while 67% express concerns about unclear data lineage. These challenges affect how effectively companies can leverage AI and data analytics.
Business Priorities Focus on Real-Time Insights and Data Control
Maintaining continuous and up-to-date business visibility is a priority for 86% of IT leaders, followed closely by managing data sovereignty, which 85% consider essential. These priorities reflect a need to access reliable data streams while ensuring compliance with regulatory requirements.
Data Streaming Platforms as Strategic Tools
Data streaming platforms (DSPs) are recognized as critical or important by 90% of respondents. Furthermore, 87% see DSPs as a strategic priority, underlining their role in achieving data-related objectives.
- Product and Service Innovation: 85% report benefits from DSPs in driving new offerings.
- Faster Time-to-Market: Also 85% cite improved speed in delivering products.
- Increased Revenue: 83% link DSP use to revenue growth.
For product development professionals, these insights emphasize the importance of integrating AI and reliable data platforms into workflows. AI can accelerate innovation cycles and improve responsiveness to market needs.
To stay ahead, consider exploring AI training and courses that focus on practical skills for leveraging data streaming and AI technologies. Resources like Complete AI Training provide targeted learning paths that align with these emerging priorities.
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