Uncover Nordic Data Index Survey findings: 400 Nordic companies share how data is valued and used for business success, revealing challenges faced and opportunities. Download report below!Get report copy
With the introduction of ChatGPT and, subsequently, more artificial intelligences, awareness of the value of the data many businesses possess without realizing it has increased significantly. And language data is only half the story. As artificial intelligences become smarter, all types of data become more valuable as a learning foundation for increased insight, new solutions, and services in society and business.
The background for the Data Index Report lies in the growing understanding in both the business sector and the public sector of the value associated with data as a resource. Well-organized and managed data provides insights that inform decisions, increase efficiency, and drive innovation.
Data Index Report is based on the answers from nearly 400 Nordic respondents in a survey conducted by Tietoevry Data Platforms in 2023. The goal of the survey is to understand how these respondents and the organizations they work for perceive the value of data. How they handle data sharing, laws and regulations related to data and data sharing, as well as digital communication internally and with external parties.
This aligns well with the broader picture as perceived by Tietoevry Data Platforms in the market and the maturity in the Nordic region. The technological ability to leverage data in general and build AI solutions, in particular, lags behind the ambitions and desired development for many.
However, there is no reason to despair. Businesses that have recognized the potential of their own data and aspire to realize it are already in a favourable position. With a good partner, it is entirely possible to bridge the gap between ambitions and the ability to realize them.
The key to success is doing the groundwork, in the form of data mapping and preparing internal data. Then, collaborate with entities that enhance the value of your own data and suppliers that can provide infrastructure, solutions, and the necessary expertise and experience.
Thinking innovatively, thinking on a larger scale, and viewing innovation and value creation related to data as a collective project for businesses, the public sector, and policymakers are therefore the first steps towards a strong position for the Nordic region, built on good data solutions, proper regulations, and our values.
However, it also requires that ambitions are backed by investments and a willingness to allocate financial resources to excel and perhaps be the best in this field.
If you wish to discuss how your business can map, manage, and exploit the resource that data represents – and how Tietoevry Data Services can assist you – please contact firstname.lastname@example.org for a talk. We empower businesses and societies to harness the endless possibilities for value in data.