Executive Bytes

08.01.22 Executive Data Bytes – How do you invest in AI and automation? And… is it for you?

August 1, 2022

Companies are spending serious money on artificial intelligence (AI) in 2022, and many are already making good money from the technology. One of the challenges with AI in recent years has been that projects involving the technology have frequently lacked sufficient economic returns. Read on in this MIT Sloan article to find out how companies are increasing their ROI. In the 2022 survey of senior data and technology executives by NewVantage Partners, 92% of large companies reported that they are achieving returns on their data and AI investments, and 26% have AI systems in widespread production

Artificial intelligence (AI) is one of the fastest-growing industries, and companies are investing in AI to automate and enhance business processes and generate more leads. Before you think about investing, read this article by Forbes to learn four steps you should take first. AI can solve many business problems, but it may not be the right solution for every business. Companies that lack enough data or continuous series of data flow may not be suited for AI automation

AI is a buzzword that gets more attention nowadays. AI can help your company in any number of ways, but you need to know exactly what you’re looking to achieve and how much it will cost. This Benchmark One blog answers the question, ‘How can AI help my business?’. There’s no single answer to how to incorporate AI into your small business. You can use virtual assistants, AI-run accounting, and market-research software, or pay for per-project AI services.

07.25.2022 Executive Data Bytes – This data, or that data – How to choose?

July 25, 2022

Many enterprises have mastered ‘small data,’ but big data is largely unstructured and random. Organizing big data is key to uncovering meaningful insights. This article from 3Pillar Global aims to teach you some best practices to get the most out of your data. Tableau reports that nearly 80% of employees are more likely to stay at a company that offers data-skilling programs. To help your team make sense of big data, implement these solutions.

The data analytics market is booming, and the demand for data analytics professionals is also exploding. This Forbes article presents the top eight trends that will define the data analytics market in 2022 and beyond. Composable data analytics allows organizations to combine and consume analytics capabilities from various data sources across the enterprise for more effective and intelligent decision-making.

Today’s business landscape runs on data. To make strategic decision-making, unearth new revenue streams, and reveal hidden waste generators, you need to assemble a tech stack that connects all relevant data sources. Read this article from 3Pillar Global to learn how to get the most out of your data. According to Harvard Business School, companies are better at collecting data about customers and competitors but fall short when it comes to analyzing insights and applying them strategically.

07.18.2022 Executive Data Bytes – Who does what? – Data Roles and Responsibilities

July 18, 2022

Welcome to another edition of Executive Data Bytes! This week, we are discussing some interesting data science roles and their responsibilities.

07.11.2022 Executive Data Bytes – There Is No Such Thing As A Crazy Idea

July 11, 2022

Welcome to another edition of Executive Data Bytes. This week, we are illustrating the point that there is no such thing as a crazy idea!
An idea is just a thought, a mental spark. It’s neither good nor bad until someone translates it into reality. Ultimately, it’s the context that proves whether an idea was good or not; even a ‘brilliant’ idea is worthless if it stays in someone’s head.

07.06.2022 Executive Data Bytes – What if machines could do all the learning for you? Deep learning is how!

July 6, 2022

Welcome to another edition of Executive Data Bytes! This week, we are talking about how businesses can apply Deep Learning. And impact it’s having across all verticals.
But what is deep learning? Deep learning is a machine learning technique that teaches computers to do what comes naturally to humans. With various uses, deep learning allows users to achieve more and to always be learning.

06.27.2022 Executive Data Bytes – Machine Learning and Everyday Business Processes

June 27, 2022

Welcome to another edition of Executive Data Bytes! This week, we are discussing the impact of machine learning and everyday business practices. Today, leading companies such as Uber, Facebook , Google, make machine learning part of their main operations. We are here to speak about Machine Learning and how it can boost your business!