A recent survey conducted by Northern Trust has revealed that emerging technology plays a crucial role in the data landscape of modern businesses. The survey highlighted the significance of technologies such as artificial intelligence, machine learning, and blockchain in the collection, storage, and analysis of data.
According to the survey findings, over 70% of respondents stated that emerging technology is very important or essential to their data management strategy. This indicates a growing recognition of the value that these technologies bring to businesses in terms of efficiency, accuracy, and insight generation.
The survey also showed that a majority of respondents are investing in emerging technologies to improve data quality, automate processes, and enhance decision-making capabilities. This reflects a shift towards more technology-driven approaches to data management, as companies seek to gain a competitive edge in today’s data-driven business environment.
Northern Trust’s survey results underscore the increasing reliance on emerging technology in managing and leveraging data effectively. As businesses continue to grapple with the challenges of handling large volumes of data, the role of technologies like AI and blockchain will only become more pronounced in shaping data strategies and driving business outcomes.
Overall, the survey highlights the growing importance of emerging technology in the data landscape, and the need for businesses to stay abreast of these advancements to remain competitive in the digital age. With the right technology tools and strategies in place, companies can unlock the full potential of their data assets and gain a competitive edge in an increasingly data-driven business environment.
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