The role of data in business: is it all about AI?
AI is the technology of our time with mind-boggling potential. It dominates the news, is over-hyped, and fighting for relevance. Now 70,000 AI companies. Consumer AI involving massive training of LLMs (ChatGPT, etc.) is one aspect of this, but enterprise AI requires data specific to your company. Part of solving enterprise data challenges is conversion of that data for purposes of cleanliness, analysis, software changes and upgrades, mergers, and acquisitions.
It’s YOUR enterprise data that we’re talking about; furthermore, it’s the STRUCTURED data that conversion is focused on, not the unstructured data that AI can do wonders with. 95% of a data conversion process can be automated but you still need human intelligence for part of the effort. An automated 90-day data conversion at a fixed price is possible with the right expertise- and overcomes worries about data loss, corruption, accuracy, and the cost of doing it.
Data is at the heart of innovation and efficiency. Raw data holds potential but needs refining. That’s where data conversion comes into play. It’s not just about changing data from one format to another but enabling it to be used as a valuable asset. Poor quality data drives 42% of AI project failures- 68% of organizations with fragmented data report lost revenue from failed AI projects. Almost 50% of companies are abandoning most of their AI initiatives. Good data is crucial not only for AI, but also business process improvement, and innovation.
Is a 90-day fixed price data conversion possible? We at Gladstone say yes and here’s why. We have done it multiple times before. We have a combined 100+ years of data conversion experience in a variety of industries that we’ve applied to automating 95% of the process. Our understanding of the limitations of automation, including AI, clarifies how humans provide value to the process. We have the confidence in our capabilities and processes that enable us to provide a fixed price data conversion unmatched in quality and results.
Here’s what we do:
Analysis – Generate almost all the code. Need some humans to understand what they are looking at.
Mapping – Automated almost all of this. Need some human decisions.
Conversion – Generate the majority of this. Need some human programming on transformations that cannot be generated.
Validation and Balancing – Have automated almost all these areas.
Gladstone is in the “Data” business.
Acquisitions, Mergers, Software Changes/Updates, Cleansing, Analysis, etc.
Banks, Insurance, Utilities, Manufacturing, etc.
Conclusion
So, is it all about AI? No, it isn’t. And it largely isn’t about transformation or translation. If you want data converted that provides great outcome for your business, current and future enterprise AI efforts, and your peace of mind, engage with us, our expertise, and experience to help you along the path. 90-day fixed price data conversions are possible in today’s technological environment. Gladstone is here to help you do that.