AI fails when enterprise data lacks context, and most enterprise data still lacks the structure, semantics, and connective tissue modern AI systems require. AI-ready data is not a clean break from the past; it’s the unfinished work of decades of uneven data management that never fully scaled. This report describes Forrester’s vision for how enterprises must evolve data management into context-rich data foundations built on shared semantics and designed to make meaning, relationships, trust, and governance explicit and machine-navigable, so AI systems can deliver accurate, explainable, and business-relevant outcomes.