
Email marketers and others trying to use GenAI
face a variety of obstacles, many involving data, judging by a study from Business Performance Innovation (BPI) Network and Growth Officer Council in partnership with EncompaaS -- titled Is Your Data
Prepared And Primed To Unlock Gen AI’s Business Value?
The respondents cite these challenges in deploying GenAI:
- Data accuracy & reliability —
69%
- AI integration & implementation — 68%
- AI ethics, governance & trust — 56%
- Data security
& privacy — 50%
- Cost & ROI — 44%
- Data quality — 39%
- AI moving too
fast — 28%
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Drilling down, the study identifies these data-quality challenges:
Siloed data — 73%
United
understanding of data — 60%
Post data governance — 53%
Lack of visibility of organizational data — 48%
Data volume &
complexity — 42%
Outdated systems to manage data — 39%
But don’t think this is an entirely negative report. Of the companies polled, 79% expect
GenAI to deliver competitive advantage over the next 18 months, 42% most likely and 37% absolutely.
The respondents expect these benefits from GenAI over that period:
- Streamlined. business processes & automation of repetitive tasks — 67%
- Document generator & personalization — 64%
- Data
analysis & analytics — 61%
- Cost reduction & resource optimization — 56%
- Compliance & risk management —
52%
- AI agents improving customer experience — 46%
- Data management — 41%
Of those now using GenAI,
over half are satisfied with the value being derived:
- Very satisfied — 16%
- Satisfied — 33%
- Dissatisfied — 36%
- Very dissatisfied — 15%
BPI Network surveyed 171 business and functional leaders and also conducted in-depth
interviews.