Victor Hoyos, AI Business & Data Science Director at iDATA, gave a talk at the CTO Insights Bogota event on how to create a Center of Excellence in Artificial Intelligence (AI) at the corporate level. During his speech, Hoyos highlighted the importance of data as the most valuable strategic asset for modern companies, underlining that by 2026, more than 80% of organizations will be using AI. In addition, he highlighted the relevance of strong data governance to ensure that companies can extract the full value from their AI investments.
Hoyos also discussed emerging trends in the field of AI, such as generative AI and synthetic data. These technologies are transforming the business landscape by enabling data generation without compromising privacy and optimizing decision making. By 2025, synthetic data will become a crucial tool for avoiding penalties for privacy violations, and most data stories are expected to be automatically generated, making analytics easier to understand and use.
Finally, the talk emphasized the power of storytelling in data presentation, highlighting that the most effective business decisions are not just based on numbers, but on narratives that turn data into understandable and actionable information. With the future of AI becoming increasingly automated, companies must be prepared to integrate these technologies strategically and effectively into their processes if they want to remain competitive in a rapidly evolving technology environment.
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