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All Blog Posts Tagged '#AI' (137)

Dean of Big Data Driving the Snakes of Data Science Out of Ireland

I recently had the great opportunity to keynote the Analytics Institute of Ireland’s annual conference.  The event was marvelous!  Over 500 attendees, outstanding presentations from an impressive lineup of presenters, and heavy engagement from the participants before, during and after my keynote.

Lorcan Malone, CEO of…

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Added by Bill Schmarzo on November 15, 2018 at 3:30pm — No Comments

The benefits of an AI Strategy for organizations worldwide

When people hear about Artificial Intelligence, things like Deep Learning, Robots and the automation of repetitive tasks in companies often come to mind. Nowadays the Artificial Intelligence research is in niches, it's called narrow AI, not one capable of making conclusions based on common sense yet. 

The main obstacle to the mainstream…

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Added by Renato Azevedo Sant Anna on November 12, 2018 at 7:48pm — No Comments

Hypothesis Development Canvas Version 0.4

In the blog “Data Science ‘Paint by the Numbers’ with the Hypothesis Development Canvas,” I introduced the Hypothesis Development Canvas as a tool for linking an organization’s data science activities with the organization’s strategic business initiatives (see Figure 1). …

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Added by Bill Schmarzo on November 10, 2018 at 1:16pm — No Comments

How Millennials Should View the World of Data Science

Many of my MBA students are perplexed about how much data science capabilities and skills they need in order to get hired.  It appears that in many job interviews, employers are looking for students who have both business subject matter as well as data science expertise. Here is an example of such a conversation:

MBA Student: I get lots of questions about my data science skills. I don't understand the need for that from me. I will never be as good as a…

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Added by Bill Schmarzo on November 8, 2018 at 1:38pm — No Comments

Stop Worrying About Your Job—Human Beings are the Biggest Factor in Successful Analytics

AI and machine learning have advanced rapidly over the past few years, and many have suggested that 2019 will be the year for businesses that have waited to finally embrace this new technology. Only 15% of enterprises are currently using AI, but 31% are slated to add it to their strategy over the next 12 months, according to a Digital Trends Report by Adobe. There…

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Added by Jay Bourland on November 1, 2018 at 4:58am — No Comments

The Power of Reframing and the Economics of Starting Pitching

I’m a big fan of Woody Allen’s earlier movies such as “Bananas”, “Sleeper” and especially the award winning “Annie Hall.”  One of the things that always impressed me about Woody Allen was his ability to reframe the conversation in a way that was both provocative and creative. For example in the movie “Annie Hall”, there is a scene where Annie Hall (played by Diane Keaton) and Alvy Singer (played by Woody Allen) are sitting with their respective psychoanalysts when they are both asked…

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Added by Bill Schmarzo on November 1, 2018 at 4:03am — No Comments

Data Science “Paint by the Numbers” with the Hypothesis Development Canvas

 When I was a kid, I use to love “Paint by the Numbers” sets.  Makes anyone who can paint or color between the lines a Rembrandt or Leonardo da Vinci (we can talk later about the long-term impact of forcing kids to “stay between the lines”).

 

Well, the design world is applying the “Paint by the Numbers” concept using design canvases. …

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Added by Bill Schmarzo on October 23, 2018 at 7:00am — No Comments

Critical Thinking and Becoming “Students of Data Science”

Social media and internet search scare me because it is so easy to acquire information without also acquiring the associated knowledge. It’s easy to find almost any information via search or social media, but an effective “student of data scientist” (as well as any effective future leader) must learn to discern easily acquired information with a sense of skepticism. To quote the character Dr. Ian Malcolm (played skillfully by Jeffrey Goldblum) in the movie “Jurassic Park:”…

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Added by Bill Schmarzo on October 20, 2018 at 12:29pm — No Comments

Embracing Conflict to Fuel Digital Innovation

When talking to clients about their business goals, most business executives are pretty clear as to what they want to accomplish, such as reducing customer churn or reducing inventory costs or improving quality of care or improving product line profitability.  But these “one dimensional” business initiatives really don’t push the organization’s innovative thinking.  For example, I can easily reduce marketing costs if I significantly reduce advertising and…

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Added by Bill Schmarzo on October 20, 2018 at 4:03am — No Comments

Why Is Data Science Different than Software Development?  It Starts with Data…Lots o’ DATA!!

Data science development is very different from software development, and getting the two to mesh is sometimes like trying to cobble together Tinker Toys with Lincoln Logs.  One data science expert once described the differences as:

Software development is “Measure twice; cut once,” while Data Science is “Cut, cut, cut!”

The methodologies and processes that support successful software development do not work for data science projects according to one…

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Added by Bill Schmarzo on October 17, 2018 at 4:23am — No Comments

Predict ►Prescribe ►Prevent Analytics Value Cycle

Organizations looking for justification to move beyond legacy reporting, should review this little ditty from the healthcare industry:

The Institute of Medicine (IOM) estimates that the United States loses $750 billion annually to medical fraud, inefficiencies, and other siphons in the health-care system[1].

The report identified six major areas of waste: unnecessary services ($210 billion annually); inefficient…

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Added by Bill Schmarzo on October 2, 2018 at 2:30pm — No Comments

AI and the Future of Millennials

AI has snuck into our daily lives and there is nothing to stop it. Not only does AI power autonomous vehicles, but AI already decides what products you should buy, what movies you should watch, what music you should listen to, and whom you should date. If you talk to your iPhone, Google Home, and Amazon Echo, you are talking to an AI engine that powers these personal virtual assistants. AI decides whether you are approved for a loan, determines the outcome of a job applications, identifies…

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Added by Bill Schmarzo on September 30, 2018 at 2:11pm — No Comments

Data Engineers: Nobody Puts Baby in a Corner!

Oh,the lowly data engineer.  Harvard Business Review declared the role of the data scientist as “the sexiest job in the 21stcentury.” But the data engineer labors away in near obscurity acquiring, transforming, enriching, munging and preparing data for the data scientist to do their black magic.

In addition to building data pipelines –…

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Added by Bill Schmarzo on September 26, 2018 at 6:22am — No Comments

Using Confusion Matrices to Quantify the Cost of Being Wrong

There are so many confusing and sometimes even counter-intuitive concepts in statistics.  I mean, come on…even explaining the differences between Null Hypothesis and Alternative Hypothesis can be an ordeal.  All I want to do is to understand and quantify the cost of my analytical models being wrong.

For example, let’s say that I’m a shepherd who has bad eyesight and have a hard time distinguishing between a wolf and a sheep dog.  That’s obviously…

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Added by Bill Schmarzo on September 25, 2018 at 8:42am — 1 Comment

How do you know if you’re getting value from your data?

Perhaps to no one’s surprise, the growth in companies implementing Big Data and Analytics projects continues to climb – as evidenced by the continued growth in data lakes.  As most companies begin to implement their Big Data and Analytics strategy, they struggle to show value for their efforts.  This can come from several areas:

  • According to…
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Added by Bill Schmarzo on September 22, 2018 at 7:08am — No Comments

Aggregated Data Dilemma

Okay, I am weird (tell me something that I don’t know, say most of my friends).  For Christmas I wanted a Nike Apple Watch to go with my existing FitBit and Garmin fitness trackers (I look sort of like a cyborg in the photo below…which is always cool). 

While I was intrigued by the ability to do all sorts of cool things on the…

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Added by Bill Schmarzo on September 18, 2018 at 9:29am — No Comments

Defining AI Not as Important as Exploiting AI

Today’s Artificial Intelligence (AI) discussions remind me of a Steve Martin skit from the early Saturday Night Live days (1979). In the skit titled “What the Hell is that?”, Steve Martin, later joined by Bill Murray, is looking in the distance at something, repeatedly asking the question “What the hell is that?”  The skit reminds me of today’s AI discussions about “What the hell is AI?”, which distracts from…

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Added by Bill Schmarzo on September 18, 2018 at 4:30am — No Comments

Embracing Conflict to Fuel Digital Innovation

When talking to clients about their business goals, most business executives are pretty clear as to what they want to accomplish, such as reducing customer churn or reducing inventory costs or improving quality of care or improving product line profitability.  But these “one dimensional” business initiatives really don’t push the organization’s innovative thinking.  For example, I can easily reduce marketing costs if I significantly reduce advertising and…

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Added by Bill Schmarzo on September 12, 2018 at 4:21am — No Comments

Why Accept the Hype? Time to Transform How We Approach Emerging Technology

It’s like a rite of passage – a new technology pops onto the scene and the “pundits,” analysts and venture capitalists (among others) immediately start to over-hype the technology:

It’ll stop world hunger

It’ll cure cancer

It’ll end poverty

It’ll help the Cubs win the World Series (okay, that one was true)

And the ultimate result? The technology is forced to traverse the infamous Gartner Hype Cycle, soaring to the Peak of…

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Added by Bill Schmarzo on September 7, 2018 at 5:10am — No Comments

A Winning Game Plan For Building Your Data Science Team

One of the most exciting challenges I have at Hitachi as the Vice-Chairmen of Hitachi’s “Data Science 部会” is to help lead the development of Hitachi’s data science capabilities. We have a target number of people who we want trained and operational by 2020, so there is definitely a sense of urgency. And I like urgency because it’s required to sweep aside the inhibitors and resistors to change.

I started this assignment with a blog titled “…

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Added by Bill Schmarzo on August 31, 2018 at 7:30pm — No Comments

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