Gartner Data & Analytics Summit 2024 India: Day 1 Highlights

We are bringing you news and highlights from the Gartner Data & Analytics Summit, taking place this week in Mumbai, India. Below is a collection of the key announcements and insights coming out of the conference.

On Day 1 of the conference, we are highlighting the Gartner opening keynote on generating value from artificial intelligence (AI) readiness to collective intelligence. We are also sharing takeaways from sessions on the must-have skills for AI and D&A as well as the top D&A trends for 2024. Be sure to check this page throughout the day for updates.

• Gartner Identifies the Top Trends in Data and Analytics for 2024

Presented by Debra Logan, Distinguished VP Analyst and Gareth Herschel, VP Analyst, Gartner

Generative AI (GenAI) is an inflection point for data and analytics (D&A) and it is proliferating throughout organizations, which means the expectations for D&A leaders are higher than ever before. In this session, Gartner analysts Debra Logan and Gareth Herschel discussed how rigorous execution of D&A fundamentals on business value can mature D&A leaders’ core capabilities. 

• “Modern digital technology has supercharged human collective intelligence to allow more information sharing, exchange of ideas and knowledge aggregation than ever before.” 

• “Organizations with mature D&A governance practices are 47% more likely to adopt innovations.” 

• “Allow and empower policies for AI - modify governance policies to make them more AI-friendly, and include AI considerations in the existing policies by aligning AI goals with the overall D&A governance strategy.” 

• “Rapid evolution of D&A and AI technologies (such as GenAI) offers leaders the opportunity to rethink and evolve their operating models.” 

• “More than 75% of organizations have evolved their D&A operating model to better support innovation in 2023. Sixty-six percent have had to reconsider their operating model due to disruptive technology.” 

Presented by Michael Gabbard, Sr Director Analyst, Gartner

Being successful with data & analytics (D&A) is not so much about tools and technologies as it is about people. In this session, Michael Gabbard, Sr Director Analyst at Gartner, discussed the must-have roles for D&A teams, as well as how to build and develop the right skills and competencies.

• “All D&A roles are a combination of IT skills, like Python or SQL; data and analytics skills, like ETL or enterprise business intelligence; business or domain expertise, like marketing or supply chain; and soft skills, like communication or empathy.”
  

• “D&A roles should be defined by a 3-tier model.”

• “Global is about the entire enterprise. You will find leading roles there. Often in the central D&A team or center of excellence (CoE). A chief data officer falls under this tier.”

• “Regional is more decentralized or federated. For example, by function, process, geography or brand. Here you will find D&A roles that exist within these business areas.”

• “Finally, there are local roles. Within a specific department, project or community, people work with D&A, without being D&A people. For example, somebody in procurement that uses analytics to develop a quick overview of contractors.”

• “It’s key to rethink the definition of ‘qualified’ talent. Reduce or even eliminate arbitrary requirements around education, location or experience, to capture talent that might otherwise be screened out.”

Presented by Ramke Ramakrishnan, VP Analyst, Gartner

AI is not the sole factor driving rapid change in data and analytics (D&A). There is fast-paced evolution in how and where analysis can be deployed, from the next generation of augmented UXs and beyond; composing and operationalizing D&A at scale; and engineering decision intelligence to enabling D&A at the edge. In this session, Ramke Ramakrishnan, VP Analyst at Gartner, revealed Gartner's top D&A trends for 2024 and highlighted the actions organizations should take in response to these trends to optimize resources and achieve business objectives.

• “The power of AI, in general, and the growing prominence of GenAI are transforming the way individuals work, teams collaborate, and processes run. Organizations that are unable to effectively leverage D&A, in general, and AI, specifically, will not succeed.”

• Gartner identified four top trends in D&A for 2024:

• Betting the business

• Embrace complexity

• Be trusted

• Creative empowerment

• “Being trustable is a way to establish the bet-the-business capability. D&A leaders must strive to demonstrate the value of D&A to the organization by linking the capabilities they create and the work they do to achieve the business outcomes required by the organization.”

• “Leading organizations are working to turn chaos, with all its unpredictability and confusion, into something they can manage – complexity.”

• “The increasing complexity of modern business requires more interconnected enterprise systems and allows less tolerance for failure.”

• “Enterprises must ensure their employees are empowered by D&A, not overloaded by data and frustrated with the analysis tools or governance systems.”