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   Workers are being overloaded with data from AI, and it isn't helping   
      
   Date:   
   Fri, 17 Jan 2025 11:08:00 +0000   
      
   Description:   
   Companies are overwhelmed by the amount of data from AI, but AI could help   
   with that.   
      
   FULL STORY   
      
   Britains push to mainline AI in [its] veins could be overloading businesses   
   with data, effectively hampering businesses abilities to leverage AI   
   effectively, new research has claimed.    
      
   More than two-thirds (69%) of CFOs now state that overwhelming data volumes   
   are preventing them from being able to prioritize growth, findings from   
   OneStream have claimed.    
      
   Three-quarters (74%) of CEOs and CFOs (and 72% in the UK) acknowledge   
   data-based decision-making is among the key determinants of organizational   
   success, with the same percentage of CFOs believing that AI and automation   
   will completely reshape organizations finance functions in the next decade.   
      
   We're overloaded with AI data   
      
   However, several challenges lay ahead. Seven in 10 CFOs say that silos   
   restrict the flow of information between departments, and even more say that   
   legacy systems (72%) and skills gaps (78%) are preventing them from being    
   able to grow.    
      
   "In todays evolving environment, UK CFOs are facing a double-edged sword when   
   it comes to data," commented OneStream CFO Bill Koefoed. "While the vast   
   amounts of information at their disposal hold tremendous potential, the   
   overwhelming volume makes it difficult to gain critical insights and drive   
   timely decision-making.    
      
   Furthermore three-quarters (76%) of CEOs believe their CFOs are struggling to   
   prioritize business growth due to an overwhelming volume of data and   
   information.    
      
   Ironically, the report reveals how AI- and ML-enhanced unified data systems   
   can help businesses consolidate their data in order to further benefit from   
   artificial intelligence in daily operations and decision-making.    
      
   To turn this challenge into an opportunity, CFOs must leverage technology to   
   create a single source of truth within the organisation to make the process    
   of using data easier and drive sustainable growth," Koefoed concluded.    
      
   The news comes amid a troubling outlook for the UK in the year ahead  a   
   turbulent economy is threatening the nation with slower GDP growth, inflation   
   and jobs market challenges.   
      
   ======================================================================   
   Link to news story:   
   https://www.techradar.com/pro/workers-are-being-overloaded-with-data-from-ai-a   
   nd-it-isnt-helping   
      
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