Executive Bytes

03.20.2023 Executive Data Bytes – Changing Your Business Outcomes With A Profitable Data Strategy

March 20, 2023

Data Strategy Components: A data strategy encompasses people, processes, and technology to leverage data effectively for business decisions. Executive support, technology tools, and team building play crucial roles in its success.

Unlocking Data Value: Implementing a data strategy helps employees and executives understand the value of data and its proper management, avoiding data silos and addressing company-wide data issues.

Principles for Data Strategy: Key principles for successful data strategies include integrating data, eliminating data silos, making data collection and sharing simple, setting clear goals, and making data actionable upon arrival.

03.13.2023 Executive Data Bytes – Beating Your Competition With A Concise AI Strategy

March 13, 2023

AI strategy is an important concept for businesses looking to improve their results, better serve their customers, and differentiate themselves from the competition. Deloitte’s piece demonstrates how to build an AI strategy differently by approaching it from a new angle.

03.06.2023 Executive Data Bytes – Building Data Literacy within your Organization

March 6, 2023

“Data literacy means more gains with fewer pains. This Precisely blog explains that, in order to achieve data literacy, organizations must overcome barriers to data literacy and engage in a program of data democratization.”

“Data literacy is the ability to read, write, and communicate data in context. This includes understanding data sources, analytical methods and techniques applied, and the ability to describe the use case, application, and resulting value.”

“To achieve data literacy and analytics skills, all employees should be familiar with creating, using, and communicating data across all critical business processes. Data literacy empowers team members to be more successful in their roles and makes cross-functional collaboration easier and more impactful.”

“Data Products partners with organizations to deliver deep expertise in data science, data strategy, data literacy, machine learning, artificial intelligence, and analytics. Our focus is on educating clients on varying aspects of data and modern technology, building up analytics skills, data competencies, and optimization of their business operations.”

02.27.2023 Executive Data Bytes – Does your business ‘speak’​ AI?

February 27, 2023

“AI Literacy is the ability to understand the basics of what an AI is, how it works, and what the strengths and limitations of the technologies are. The AI market is projected to be 190 billion by 2025, and the average human will interact with at least one AI in their daily life.”

“Building employee skills to eliminate literacy shortfalls can allow brands to achieve their strategic data-driven business goals and undertake AI projects successfully. Artificial intelligence is rapidly accelerating its adoption across industries, and we interact with it often without even realizing it.”

“Artificial intelligence (AI) has the potential to transform how we live, work, and interact with each other. AI has the potential to help tackle some of the toughest global challenges, including displacement, hunger, infectious disease outbreaks, and climate change.”

02.20.2023 Executive Data Bytes – Adopting digital technologies to make your Business BIGGER and BETTER

February 20, 2023

“In the quest for digital transformation, staying true to your vision is paramount. Netflix’s enduring vision to make movie-watching easier and affordable serves as an inspiring example. As you embark on your digital transformation journey, keep this in mind.”
“Digital transformation demands innovation. Don’t limit yourself to conventional best practices; focus on solving modern customer problems. Your competitors may have their strategies, but your unique solutions could outshine them.”
“An open mind is your ally in digital transformation. Unexpected problems and hidden solutions await those who embrace flexibility. Follow Netflix’s lead in serving both the collective and individual needs of customers to build a better, stronger company.”
“Target’s success story emphasizes the importance of employees in digital transformation. Prioritizing employee well-being and work quality can be the key to a successful transformation journey.”
“Customers hold the keys to market insights. Prioritize customer feedback as you undergo digital transformation. Discover what truly matters to them for a more beneficial transformation.”
“Digital transformation is a journey that requires patience. Measure the impact of your actions carefully and make necessary adjustments to realize your vision with technology.”

02.13.2023 Executive Data Bytes – Extended Reality and Your Data Journey

February 13, 2023

“Virtual reality is revolutionizing data visualization, making complex data structures more understandable. Explore how VR can help your data storytelling and decision-making.”

“Virtualitics offers explainable AI solutions that simplify complex data and suggest optimal 3D visualizations. However, the future of VR and AR in data analytics hinges on improved headset resolution and innovative visualizations.”

“The demand for AR/VR data visualization is surging, but much of the world’s data remains untapped. Learn how immersive technology enhances data analysis and transforms decision-making.”

“Immersive data visualization through AR and VR is on the rise. These technologies elevate data research, predict future business outcomes, and foster collaborative exploration.”

“Discover the potential of AR and VR in data analytics. These immersive platforms help users step inside their data, making complex information more accessible and engaging.”

“Traditional 2D data tools struggle with today’s complex datasets. AR and VR technologies simplify data understanding, making it accessible to a broader audience, beyond data scientists.”