Post Tagged with: "Data for Good"

Harnessing data for good

After my first week as CEO for Experian in the DACH region (Germany, Austria, and Switzerland), I find myself profoundly thankful for the warm welcome and the many highly inspiring encounters with some of the best data and technology professionals on our planet. Experian is not only a data insights industry titan, one that operates in 32 countries, employs over 20,000 outstanding personalities worldwide but would also rank with its more than USD 30 billion market capitalisation compared to Germany’s leading stock index as the 19th largest DAX company in Germany. Experian serves as a global leader millions of consumers and businesses, leveraging data to make a transformative difference in people’s lives.

Yet, with tremendous reach and influence comes immense responsibility.

Reflections

Just as the Age of Enlightenment in the 18th century reshaped society through the dissemination of knowledge, we find ourselves at the precipice of a new era, one marked by the power and potential of data. The 21st century, in my view, must herald a fresh Age of Enlightenment, one underpinned by data literacy.

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Decisions

Data is indeed akin to water. Left unchecked or misused, it can wreak havoc. But when used right, when structured, analyzed, and enriched, it becomes invaluable. This is the essence of using „Data for Good“ – transforming the ubiquitous into the indispensable, guiding decision-makers toward better, more informed choices.

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Efficient use of AI determines the competitiveness and thus the future of German companies

Jochen Werne, CEO of Experian DACH, comments on the results for Germany: „As our survey clearly demonstrates, German executives are aware of the central role AI plays in the innovation process. Nevertheless, the considerable scepticism about the benefits of AI use indicates that many companies may not yet be able to make efficient use of their existing data. At the same time, the productive use of AI will be decisive for the future of Germany as a business location. Transforming raw data into meaningful insights and analyses – this must be the clear goal. Through the synergy of state-of-the-art technology and human expertise in combination with the best analytics, we create a significant competitive advantage for our customers.

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