How Enterprise Data Quality Sets the Foundation for AI Initiatives

A Gartner report predicts that corporations will spend over $10 billion on AI technologies by the end of 2026. However, for AI initiatives to succeed, a strong foundation is crucial, starting with data quality. Poor data quality can lead to delays or failures in up to 38% of AI projects. Enterprise data quality measures an organization's data accuracy, consistency, and reliability. High-quality data is essential for informed decision-making, mistake reduction, and process efficiency. Poor data quality can result in inaccurate AI predictions, increased costs, damaged reputation, and regulatory risks. Implementing an enterprise data management system can help improve data quality and support AI success by ensuring proper governance, integration, and cleansing of data. Investing in enterprise data quality yields long-term benefits for businesses, including improved business intelligence, decision-making, risk reduction, and brand protection.