The data industry worldwide is expanding rapidly. Data, when analyzed correctly, provides the information an organization needs to make informed decisions that can improve business processes and enhance revenue. By the end of 2019, worldwide spending on big data was worth $180 billion and projected to grow at a CAGR of 13.2% between 2020 and 2022, reaching $274.3 billion.
As more tools become part of the data ecosystem, new data processing technologies are being tested, deployed, and optimized. Data experts must identify the best solutions for an increasingly complex industry, and enthusiasts need to find new trends and opportunities to follow and learn. The Chief Data and Analytics Officers (CDAO) event in Mexico City is an answer to this challenge in Latin America with a 2-day conference packed with industry leaders sharing their ideas and innovation initiatives.
Wizeline’s Experience at CDAO 2022
The Wizeline team of three, including German Dominguez – Technology Director, Hayde Martinez Landa – Data Technology Program Lead, and Ricardo Valdez Hernández – Data Scientist, were in attendance to learn how the tech industry deals with big data and how key players in the Latin American market are utilizing machine learning to drive business results.
We had the opportunity to listen to data executives from prominent companies operating in Latam like BanRegio, Compatamos, Banco del Bajío, Grupo Salinas, Oracle, Snowflake, Neo4j, IBM, Tableau, Coppel, Rappi, and many more.
We learned about emerging trends and tools focused on automating each step of the data engineering process, including a tool that automates and reduces some of the pain points related to data governance. Something else that resonated through the majority of the talks was the importance of novelty, quantity, and quality in data and the essence of defined objectives to guide data-related decisions.
Through the sessions, we identified that companies of various sizes in Mexico are adapting to the latest data trends and making better decisions. We enjoyed over 20 hours of fascinating technical and strategic talks, panels, and networking, both by reconnecting with fellow engineers and meeting new players in the industry with state-of-the-art solutions.
We are living the birth of data-first organizations in Latin America — companies that understand the value of organized data and know that data-driven innovation is the most compelling business differentiator nowadays. It is a long journey, but these data-driven organizations have already taken their first steps. Soon, we’ll be able to review and evaluate the results of these early experiments.
From this event, we can confirm that our Intelligence Everywhere practice and Data Programs at Wizeline are aligned with the current needs of the Latin American market. Our modern strategies, years of experience in data-related projects, and solid talent pool set us apart and better position us to inspire other organizations and help them achieve their full data potential.
To see how Wizeline helps businesses re-architect data platforms and bring artificial intelligence services at scale to increase revenue, improve business efficiency, and cut down on manual processes, check out our landing page or reach out to us at firstname.lastname@example.org.