Data Debt > Tech Debt

Tech Debt is Just the Tip of the Iceberg – Welcome to the Deep Waters of Data Debt

In recent years, I've collaborated with numerous companies embarking on a journey to harness the vast amounts of data generated every second. What I've found is a landscape rife with terror and panic, further exacerbated in the last year by the hype surrounding Generative AI, especially the ChatGPT phenomenon.

The classic question has been

How can we leverage Generative AI in our business?

The response tends to be less exhilarating than anticipated, primarily because the effective utilization of AI hinges on a critical element: DATA.

Understanding an organization's data maturity is essential in this context. Data maturity refers to an organization's capability to effectively

• Manage Data

• Process Data

• Use Data

It includes various elements such as data quality, systems for data management, the extent of data integration throughout the organization, and the capability to utilize data for strategic insights and decision-making.

When an organization exhibits low data maturity, it typically faces se…