2024 Data and AI Leadership Executive Survey

2024-01-24 |  The Data Team

The 12th Annual Survey of Fortune 1000 and Global Data and AI Leadership - (Download Below)

Wavestone has published the results of its 12th annual Data and AI Executive Leadership Survey of Fortune 1000 and Global data leadership. This year, 95.3% of survey participants held a C-suite title or were their company's corporate head of data and AI responsibilities, with 89.8% holding the title of Chief Data Officer (CDO) or Chief Data and Analytics Officer (CDAO) within their organization. These executives held their positions during 2023 at over 100 Fortune 1000 and Global data leadership organizations.

This represents the 12th annual edition of the Wavestone survey, which was first published in 2012 by NewVantage Partners (acquired by Wavestone in 2021) at the behest of a group of Fortune 1000 CIOs and data leaders who were looking to understand whether it was time to expand and accelerate data and analytics initiatives and investments. The Data and AI Executive Leadership Survey has evolved over the past dozen years and is now widely recognized as the longest running survey of Fortune 1000 and global data, analytics, and AI leaders.

In the Foreword to this year's survey, Randy Bean, Innovation Fellow at Wavestone and Founder of NewVantage Partners, and Thomas H. Davenport, author of the landmark study Competing on Analytics, write “The past year has been an extraordinary one in many respects, not the least of which is the amazing rise of Generative AI. That overshadows any other development in the data and technology domain, and in this 12th annual survey from Wavestone (formerly NewVantage Partners), Generative AI has a strong influence. Generative AI seems to have catalyzed more positive change in organizations' data and analytical cultures than in any time since the inception of this survey.”

Major findings of the 2024 Data and AI Leadership Executive Survey are:

  1. Leading companies continue investments in data and analytics with the expectation of delivering business value.
  2. Companies see Generative AI as potentially the most transformative technology in a generation.
  3. Companies believe the Chief Data Officer/Chief Data and Analytics Officer (CDO/CDAO) role is necessary, although turnover has been high and tenures short.
  4. Companies recognize that integrating data and AI into traditional business processes and changing organizational culture requires time and commitment.
  5. Companies believe data and AI safeguards and governance are essential, but much more needs to be done.

Among noteworthy results of the survey are:

  • 87.9% of participants reported that investments in data and analytics are a top organizational priority.
  • 62.3% of participants reported that investments in Generative AI are a top organizational priority.
  • 89.6% of participants reported that investment in Generative AI is increasing within their organization.
  • 79.4% of participants stated that Generative AI should be part of the Chief Data Officer/Chief Data and Analytics Officer (CDO/CDAO) function.
  • 15.9% of participants stated that the industry has done enough to address data and AI ethics.

How can we help:

For many years, PEN Partnership has helped clients to become successful in being data-driven organisations utilising our proven Data Governance and Technology frameworks. Our team of experts have guided clients through their data journey helping them assess, evaluate, re-design and implement a robust data management framework.

If you would like to hear more about what PEN does in this space, if you would like to assess where within the data journey your organisation currently is or if you simply want to talk to us to know more, then let’s talk!

The PEN Data Team


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2024 Data and AI Leadership Executive Survey Results

This is the 12th annual edition of the Data & AI Leadership survey, dating back to 2012, making this the “go to” industry benchmark and longest running survey of Fortune 1000 and global data, analytics, and AI leaders.