In 2024, Artificial Intelligence (AI) and Data Analytics are Leading the Wave of Global Digital Transformation
These technologies are not only reshaping the way businesses operate but also unlocking growth opportunities and enhancing decision-making processes.
AI – A Powerful Driver of Transformation
AI is increasingly playing a pivotal role as organizations adopt it to optimize operations, drive innovation, and create personalized customer experiences. According to the KPMG Global Tech Report 2024, 74% of organizations reported increased productivity through AI, particularly among knowledge workers. However, only 31% have successfully scaled AI across their operations, highlighting the complexity of moving from experimentation to real-world application.
This underscores the importance of building a synchronized strategy. Businesses that succeed in implementing AI often integrate the technology into their core strategies, combining small-scale trials with intelligent risk management.
Data Analytics – The Foundation of Evidence-Based Decision Making
In the digital era, many businesses fall into the trap of “fear of missing out” (FOMO), leading to poorly thought-out investments. Reports from KPMG and Deloitte Insights emphasize that decision-making should be based on solid data analytics rather than merely following trends.
The KPMG Global Tech Report 2024 reveals that 52% of organizations have achieved high levels of data maturity, reflecting a growing understanding of the importance of integrating data to meet business objectives.
Balancing Speed and Security
The Tech Trends 2024 report by Deloitte Insights highlights that adopting technology must be paired with robust security measures. While AI offers significant opportunities, it also presents challenges such as data breaches and ethical concerns. As a result, 72% of organizations have adopted a “secure-by-design” mindset, incorporating cybersecurity teams at the outset of projects to mitigate risks.
The Road Ahead: Vietnam and the World
Vietnam’s digital transformation strategy reflects its vision to become a leader in digital technology, focusing on developing digital infrastructure, data analytics, and AI applications to drive economic growth. The government is also advancing public digital services and supporting tech startups, contributing to the development of a more inclusive digital economy.
Challenges and Opportunities
The challenge lies not only in keeping up with trends but also in executing digital transformation effectively and meaningfully. When implemented correctly, AI and data analytics can serve as critical tools for businesses to navigate the complexities of the digital age, enabling sustainable growth and competitive advantages.
Is your business ready to leverage AI and data analytics for future success?
References:
- KPMG Global Tech Report 2024
- Tech Trends 2024, Deloitte Insights
- Vietnam Economy News, 2024