Published on October 29, 2023, 8:34 pm
AI and ML technologies have transformed industries by improving productivity and enabling data-driven decision-making. According to Workday’s recent C-Suite Global AI Indicator Report, 98% of CEOs believe they can benefit from implementing AI. Ajay Sabhlok, the CIO and CDO at Rubrik Inc., emphasizes the potential of AI and ML to become constant advisors for business leaders.
At the Workday Rising conference in San Francisco, Bob Evans interviewed Ajay about data management for real-time insights. They discussed the significance of generative AI, which has revolutionized how businesses convert data insights into actions. Generative AI expands a company’s data ecosystem by leveraging external knowledge while helping organizations address new challenges.
While Ajay highlighted the potential of generative AI, he also stressed the importance of maintaining caution. Companies must identify their core business objectives and focus on areas such as productivity and efficiency to avoid negative impacts like content loss or security breaches. Ajay believes that companies should first envision what is possible with generative AI and then utilize the technology to realize those possibilities.
To achieve real-time insights, organizations need to address data management challenges posed by the proliferation of AI and ML technologies. The relationship between the CDO (Chief Data Officer) and CIO plays a significant role in establishing a data-driven culture within a company. At Rubrik, Ajay’s joint roles as CIO and CDO have enabled him to influence both sides and seamlessly solve problems related to data.
Traditionally, businesses were overwhelmed with data and tried to extract insights from it. However, modern companies take a top-down approach where they start with specific business challenges in mind and then delve into the available data to derive actionable insights. This strategic approach allows businesses to aggregate relevant data fragments, define metrics and KPIs, and make informed decisions based on comprehensible insights.
The cloud is playing a crucial role in accelerating business growth. Cloud platforms offer efficient ways to consolidate data and accelerate data-driven ambitions. Ajay emphasizes the importance of recognizing how cloud vendors, such as Workday in Rubrik’s case, can support companies’ data-driven goals. Rubrik has embraced the cloud extensively and uses Workday software for human capital management and identity management, which enables timely data integration into other applications. By connecting the dots between different systems, Rubrik has achieved accurate and readily available insights that have accelerated their financial planning process.
In conclusion, CIOs and CDOs need to rethink data management strategies to tap into AI’s full potential and maximize insights. The partnership between the CDO and CIO is crucial for establishing a data-driven culture within a company. By embracing generative AI and leveraging cloud technologies, businesses can unlock growth opportunities and make informed decisions based on real-time insights.