Five Rules for Fixing AI in Business

Viewed in BCG The promise and potential of artificial intelligence (AI) has been all the rage the past few years. One can be forgiven for concluding from this coverage that it has proven broadly helpful to those organizations utilizing it. One out of 10 companies enjoys significant benefits from AI But actually, as management consulting giant… More

Read more...

Is Your Company Gaining Ground in Data?

Viewed in BCG How important does management consulting giant BCG believe data will prove to today’s companies? Data is “akin to oxygen in most industries, and companies know they need to build core capabilities in order to capitalize on it,” the firm writes in this November 17 report. With a corporate asset and function that… More

Read more...

Data science trends of the future 2022

Viewed in Data Science Central As data science evolves, artificial intelligence and machine learning is beginning to influence the vast majority of industry sectors. This is great news for knowledge workers; data science has become field blossoming with both job opportunities and promising opportunities for expansion in the years and decades to come. In this… More

Read more...

Data in Difficult Times

Viewed in EgonZehnder Pretty quickly into the emergence of last year’s global pandemic,  global management consulting and executive search firm EgonZehnder sensed some fairly seismic moves were underway in the direction of global business. They responded by doing what any exceptional management consulting firm would do; they sought out the facts related to these changes…. More

Read more...

Forget about Building an AI-First Business. Start with a Mission

Viewed in MIT Technology Review Andrew Ng, the British-born technology entrepreneur, has proven a pioneer in 21st century artificial intelligence leadership, co-founding Google Brain in 2011, serving as chief scientist for China’s Baidu, and serving as an adjunct professor at Stanford University. Customer-Led and Mission-Led Artificial Intelligence So what does this artificial intelligence pioneer have… More

Read more...

7 Key Actions for the Data-Driven Chief Risk Officer

Viewed in Russell Reynolds Associates Management consulting firm Russell Reynolds Associates has communicated with senior leaders in risk and data and come away with seven actions for chief risk officers, which they detail in this report. Digitally fluent Perhaps most important in this current era of data, they conclude, is that chief risk officers “need… More

Read more...

Are your company’s leaders and data scientists on the same page?

Viewed in Harvard Business Review. The ascent of data science is increasingly both undeniable and self-evident. To one degree or another, nearly all large companies are engaged in it and see emerging artificial intelligence and other data-related technology tools available to them with great promise. Joel Shapiro, an associate professor at Northwestern University’s Kellogg School… More

Read more...

“Feel the force”: Gut instinct, not data, is the thing

Viewed in The Wall Street Journal. With the rapid ascent of data in corporate decision-making, is there any room left for managerial discretion? Absolutely, Wall Street Journal business columnist John D. Stoll writes in this column. At least in part this is because data is valuable but imperfect. Stoll cites Google chief decision scientist Cassie… More

Read more...

Why hedge funds are happy to let the machines take over

Viewed in Financial Times (Paywall). Quantitative investing models have been utilized for decades by money managers, but they are being aided substantially by the ongoing rise of artificial intelligence and machine learning, Financial Times reports. Some money managers, such as Michael Kharitonov of the San Francisco-based Voleon Group, say the trend is likely to accelerate… More

Read more...

It’s time to fight back for data sovereignty

Viewed in Forbes. What’s the world’s most valuable commodity?  For many years, it was oil. “But things have changed in recent years,” Forbes contributor Michael Ashley writes. “Oil has been dethroned.” Taking its place has been the commodities of the ascending technology industry. As a headline in The Economist put it last year, “The world’s… More

Read more...

Alternative Data by the Numbers

Viewed in AlternativeData.org. The data explosion is undeniably obvious across industries. But it is especially prevalent on Wall Street, where the number of buy-side mutual funds’ employees engaged in alternative data including geolocation, satellite, web and payment data, has grown by almost six times over the past five years. Alternative Data provides a helpful overview… More

Read more...