TECH BUYER Jan 2020 - IDC Perspective - Doc # US45720619
Future of Intelligence Defined
By: Dan VessetGroup Vice President, Analytics and Information Management, Robert ParkerSenior Vice President, Enterprise Applications, Data Intelligence, Services, and Industry Research, Carl W. OlofsonResearch Vice President, Data Management Software, Ritu JyotiProgram Vice President, Artificial Intelligence Research , Global AI Research Lead, Scott LundstromGroup Vice President and General Manager of IDC Software Research, Jennifer HamelResearch Manager, Analytics and Intelligent Automation Services, Neil Ward-DuttonVP, AI and Intelligent Process Automation European Practices, Jon DukeResearch Vice President, Retail Insights, John RydningResearch Vice President, Hard Disk Drives and Semiconductors, Sandra NgGroup Vice President, Practice Group, IDC Asia/Pacific, Peter RuttenResearch Director, Infrastructure Systems, Platforms and Technologies Group
This IDC Perspective discusses the future of intelligence as defined by a global team of IDC analysts. We highlight the three key capabilities needed to drive value from information and set the stage for a deeper evaluation of practices enterprises have embarked on to become to raise their collective intelligence quotient. In subsequent IDC market research documents, such as Future of Intelligence: Insights at Scale (IDC #US45720519, December 2019), we'll delve into each element of our future of intelligence framework from the ability to synthesize information and capacity to learn to delivery of insights at scale and driving value from economies of intelligence.
"In 2019, enterprises globally spent $190 billion on data management, analytics, and AI technologies and services — not even including labor costs. How much of that spending generated intelligence and how much of that investment generated value are questions many executives are unable to answer," said Dan Vesset, group VP and IDC's global lead for Future of Intelligence research. "Just like in the past when access to raw materials or access to capital defined winners from losers, so will access to intelligence define who succeeds or fails in this new digital era."
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