Data Forward: AI and Data Management News Reimagining Data Management In The AI Era With Prakul Sharma From Deloitte Consulting
Mar 20, 2025
Prakul Sharma, a Partner at Deloitte Consulting leading their data and AI practice, shares his expertise on the intersection of AI and data management. He discusses how AI is revolutionizing data governance and the role of Chief Data Officers is evolving to include oversight of AI models. Prakul also delves into the challenges faced by Fortune 500 companies in navigating complex data landscapes, emphasizing the necessity of rethinking data strategies with AI-driven tools for enhanced efficiency and productivity.
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AI and Data Symbiosis
- AI and data have a symbiotic relationship: good data is crucial for trustworthy AI.
- AI is reshaping data management, governance, and utilization, integrating unstructured data and embedding AI into the data lifecycle.
Evolving Role of CDOs
- The role of the Chief Data Officer (CDO) is expanding to include overseeing AI models and data quality.
- CDOs will also serve application developers seeking high-quality data and diverse AI models.
Data Management Challenges and AI Solutions
- Fortune 500 companies faced challenges with complex data landscapes, including inconsistent terminology and tracking data flow.
- AI is helping by automating data mapping, generating quality rules, and defining taxonomies.