AI Is Destroying Traditional Business Thinking

We all have seen a shift in the companies and industries that have larger market value. The change from manufacturing to digital companies as the hot organizations has not happened overnight. Yet the speed in which they have climbed the ranks is faster than most could have imagined.

In the article below by Thomas H. Davenport, Barry Libert, and Megan Beck they answer the question; “So what do you do if you are a leader of a company and want to make the shift from the product and services economies of the last economy to the scale and economics of the current one based on platforms, networks and AI?”

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Tom Davenport
Spring Analytics Symposium in Review – Portland, OR 2019

Nearly 200 of IIA’s clients, analytics experts, and members of the analytics community gathered in Portland, Oregon this week for the spring Analytics Symposium. IIA also hosted its first Women in Analytics networking event, an interactive Analytics Workshop, and introduced two tracks of sessions to bring the most value to attendees. This blog covers key themes of the conference and highlights from each session.

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Human or Machine? Two Paths for Deploying Analytics

As data science and analytics teams continue to feel pressure to deliver more value from analytics, many organizations still struggle with the processes and technology required to deploy models into production and more rapidly make data-driven decisions. When evaluating how to best undertake these activities, organizations should consider an important distinction to determine the best path forward.

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Three Steps for Creating the Analytics Dream Team

Building your team is hard work. Finding the right skills, the right personalities, the right types of motivation to build a team that works well together like a well-oiled machine… feels almost impossible at times. So what do you do? We at International Institute for Analytics (IIA) have been answering that question for our clients for as long as we can remember. In this blog, we are going to share three key strategies we have learned working with analytics teams of all sizes and maturity.

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A Common Trap That Undermines Analytics Credibility

Over the years, I’ve seen analytics professionals of all stripes blow their credibility and lessen their impact by falling into a common trap. I have to admit that I fell victim to the same trap early in my career. While our intentions are pure, our analytical minds and approaches can get the best of us and we explain too much. We’ll be better off if we learn to provide less detail and stop talking sooner than we are naturally inclined to.

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Article Review: The New Job Description for Data Scientists

The New Job Description for Data Scientists, an InformationWeek article by Rich Wagner, outlines important trends about the future of data scientists and their role in analytics functions. This blog covers key takeaways from Wagner’s article and three recommendations for analytics leaders based on the trends discussed.

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The Benefits of Ignoring When Executives Misunderstand Artificial Intelligence

With the hype surrounding Artificial Intelligence (AI) today, almost everyone in the analytics and data science space has been asked about AI by their business partners. Unfortunately, during these conversations it often becomes apparent that the business person really doesn’t have a clue what AI really is or what AI is best able to solve.

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AI is a Linear — Not Exponential — Technology

Organizations like Singularity University are focused on what they call “exponential technologies,” for which “the power and/or speed doubles each year, and/or the cost drops by half.” They classify AI as exponential, but alas it is not. Ray Kurzweil, a co-founder of Singularity University, claims that the “singularity” for AI—the time when machines can do every intellectual task better than humans—will come in 2029.

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Tom Davenport Comments
Analytics Predictions and Priorities for 2019

IIA leaders Bill Franks, Tom Davenport and Bob Morison revealed their list of 2019 analytics predictions and priorities for data-driven enterprises. Pressing topics include ethics, unique data, artificial intelligence, security, model deployment, and organizing talent.

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The State of Analytics Degrees in Universities

If you want to hire students from universities with strong analytical skills, you need to know the landscape of available programs and skills. For companies hiring graduates of analytics master’s degrees in business schools, it’s important to be aware of the differences among programs. This blog discusses the skills you should consider when hiring analytics graduates.

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AI and Digital Resources in FinTech

This article describes the potential for AI to augment risk estimation for both individual investors and financial market assets. AI processes vast amounts of a variety of data to identify patterns underpinning processes and metrics. Evolving data resources including digital touch points provide AI with attributes that can enhance risk estimation to ultimately augment elements of modern portfolio theory.

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Stephan Kudyba
The Achilles Heel of Artificial Intelligence

An AI process can appear quite intelligent within very specific bounds yet fall apart if the context in which the process was built is changed. In this blog I will discuss why adding an awareness of context into an AI process – and dealing with that context – may prove to be the hardest part of succeeding with AI. In fact, handling context may be the Achille’s heel of AI!

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Women in Technology: The Future of Data Analytics

Studies show that only 26% of data-related jobs are held by women. I attended the Women in Technology International meeting featuring a panel discussion with Rehgan Avon, Katie Sasso and Kristen Stovell on the “Future of Data Analytics”. This blog covers insights from the event across a wide range of topics including machine learning, educational resources, responsibilities of data scientists, and managing big data

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Kathy Koontz