Executive Bytes

11.01.2022 Executive Data Bytes – Unthink AI – Time to go outside of the box

November 1, 2022

Introduction to Thinking Differently About AI: In this edition, we explore the need to think differently about artificial intelligence (AI). While AI has made significant strides, it still faces challenges in achieving general intelligence and creativity. This article examines the shortcomings of AI and potential improvements.

Why we need to think differently about AI: AI often provides incorrect answers because it struggles to admit when it doesn’t know. The article highlights the difficulty in evaluating AI progress due to a lack of suitable abstractions and warns against excessive data abstraction in decision-making.

AI and humans think differently: AI systems like GPT-3 and PaLM can mimic human behaviors, but they fundamentally differ in how they learn and understand. The article explains that AI relies on statistical associations from training data, while human thinking involves forming complex mental concepts.

It’s time to accept AI will never think like a human: Machine learning models may make mistakes due to their limited understanding of concepts and context. This article emphasizes that AI should complement human intelligence rather than replace it, recognizing the strengths and weaknesses of each.

10.24.22 Executive Data Bytes – At the crossroads of business needs & analytics – How does one keep the focus?

October 24, 2022

Why Every Business Needs a Data and Analytics Strategy: In the era of Big Data, businesses often accumulate vast amounts of data without a clear strategy. This article emphasizes the need for a robust data strategy that aligns with a company’s goals. Starting with strategy, not data, and focusing on key challenges and questions can lead to more meaningful data utilization.

4 Strategies to Improve Business Relevance with Data Science: As the data science revolution sweeps industries, companies must adapt to stay competitive. This blog outlines four reasons to embrace data science for future planning. It highlights the growing adoption of big data analytics, the potential for cost reduction and innovation, the advantages of a 360-degree customer perspective, and the role of data analytics in improving KPIs and ROI.

Why Data Analytics Is Crucial for Your Business: The abundance of data requires effective utilization, and data analytics is the key. This blog delves into the significance of data analytics and how businesses can benefit from it. It covers the discovery of relevant patterns and insights from large datasets, the use of analytics applications like Pandas, and the four basic types of data analytics: descriptive, predictive, diagnostic, and prescriptive.

10.17.2022 Executive Data Bytes – Bringing your data to life with data governance

October 17, 2022

How Data Governance Builds Business Value: Data is a valuable resource, yet many organizations struggle to manage it effectively. This blog highlights the importance of a data governance program in protecting sensitive data, adhering to privacy regulations, and improving data utilization across the company. It emphasizes the role of active metadata in data transformation and the impact of poor data management on analytics models.

Top Benefits of Data Governance for Businesses: Effective data governance involves developing internal data standards and policies to ensure accuracy and consistency. This article explains how data governance can break down data silos, improve operational efficiency, target marketing and sales investments, and enhance data quality. High-performing companies prioritize data governance to identify and prioritize important data assets.

Tips & Tricks for Implementing Data Governance to Drive Business Results: To optimize results, organizations must effectively select, collect, store, and use data. This article offers tips and tricks for implementing data governance, including conducting employee interviews, analyzing use cases, and establishing standard processes. It emphasizes the role of a chief data officer in overseeing data governance across all business units and ensuring data quality.

10.11.2022 Executive Data Bytes – Collect your data and manage it efficiently!

October 11, 2022

What Is Data Management? A Complete Guide With Examples: Data management is vital for informed decision-making. This blog provides insights into data processing, the importance of data accuracy, and tailoring data management approaches to your technology ecosystem. Integration is highlighted as a means to enhance data quality and improve the customer journey. The growing importance of data literacy is emphasized, given the projected value of the big data market.

3 Ways to Simplify Data Management: Data is crucial for business, but many organizations struggle to embrace a data-first approach. This article suggests identifying obstacles that hinder data-driven transformation and advocates simplifying IT systems to become data-first leaders. It notes that only 13% of respondents have achieved data-first status, making data management simplification essential.

5 Best Practices for Simplifying Data Management: Data management complexity is rising, but strategic thinking can simplify operations. This blog recommends documenting data sources, addressing data silos, centralizing storage and analytics on a cloud platform, implementing a data tagging policy, and enhancing visibility and searchability. These practices ensure effective data management, even as challenges grow.

10.03.2022 Executive Data Bytes – How to share, when, and with who – An insider look into data privacy

October 3, 2022

“In this edition of Executive Data Bytes, we delve into the critical topic of data protection and privacy. Discover 12 ways to safeguard user data and gain insights into Privacy by Design strategies that can enhance your projects.”

“Key takeaways include understanding data protection principles, implementing data loss prevention solutions, and the significance of data encryption. Additionally, learn about Privacy by Design as a legal requirement and its implications for web design.”

“Explore how to start implementing Privacy by Design into your systems and operations. Learn about organizational commitments to data protection, appointing data protection officers, risk management, and privacy training.”

09.26.2022 Executive Data Bytes – Explainable AI To The Rescue

September 26, 2022

“Delve into the world of Explainable AI (XAI) and its evolving definitions. Discover how XAI techniques are being applied in healthcare and finance, with explanations taking various forms, from human-language to heat-map interpretations.”

“Learn how explainability aids developers and machine learning practitioners in clarifying AI system decision-making processes. Understand its role in bridging the gap between technical and non-technical audiences.”

“Despite the demand for explainability, challenges persist in defining key terms and providing guidance on selecting and testing explanations. Explore the debate over whether opaque models should be replaced with interpretable ones.”