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All Blog Posts Tagged '#AI' (116)

3 Stages of Creating Smart

Tomorrow’s market winners will win with the smartest products.  It’s not enough to just build insanely great products; winners must have the smartest products!” – Bill Schmarzo

Okay, that’s a pretty bold statement on my part (especially to challenge the famous Steve Jobs statement about building insanely great products), but then again I’m an analytics dude and think that analytics should be a part of every product and space – smart cities, smart cars, smart…

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Added by Bill Schmarzo on August 22, 2018 at 8:12am — No Comments

Understanding Type I and Type II Errors

Reviving from the dead an old but popular blog on Understanding Type I and Type II Errors

I recently got an inquiry that asked me to clarify the difference between type I and type II errors when doing statistical testing.  Let me use this blog to clarify the difference as well as discuss the potential cost ramifications of type I and type II errors. I have also provided some examples at the end of the blog[1]

In statistical test theory, the…

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Added by Bill Schmarzo on August 18, 2018 at 3:35pm — 2 Comments

Why Digital Transformation Is So Dang Hard?

I recently talked to Clint Boulton, author of “Why digital transformations are lagging” about why Digital Transformation is so hard. His article raises lots of interesting points about the inhibitors of Digital Transformation, so I thought I’d share my thoughts about how to overcome some of these challenges.

Forrester published a report entitled “…

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Added by Bill Schmarzo on August 9, 2018 at 6:00am — No Comments

Leveraging Agent-based Models (ABM) and Digital Twins to Prevent Injuries

On the surface, preventing injuries to professional-caliber athletes would seem to have little in common with preventing operational failures for a machine (i.e., autonomous vehicle, locomotive, airplane, CT Scan).  However, both athletes and machines deal with inter-twined complex systems (where the interactions of one complex system can have a ripple effect on others) that can have significant impact on their operational effectiveness.

My son Max, the Director of…

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Added by Bill Schmarzo on August 6, 2018 at 11:19am — No Comments

Open Peer-to-Peer Communications to Facilitate Real-time Insights Sharing

My blog “Blockchain + Analytics: Enabling Smart IOT” drew some great feedback asking me to clarify my autonomous vehicle example that used blockchain as a means of near real-time, peer-to-peer communications between clusters of intelligent devices and machines.  But first, some background.

Edge analytics within an Internet of Things (IOT) world is very…

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Added by Bill Schmarzo on August 4, 2018 at 6:08am — No Comments

It's Not Digital Transformation; It’s “Intelligence Transformation” We Seek

Forrester published a report titled “The Sorry State of Digital Transformation in 2018” (love the brashness of the title) that found that 21% of 1,559 business and IT decision makers consider their digital transformations complete.  Complete? Say what?!

The concept of “Digital Transformation” is confusing because many CIO’s (at least 21%) and their…

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Added by Bill Schmarzo on July 30, 2018 at 3:47pm — No Comments

Importance of Metadata in a Big Data World

Updated from original posted on April 17, 2014

The importance of metadata only continues to grow as organizations are realizing that to fully exploit the business and operational potential of machine learning, deep learning and artificial intelligence requires that the raw data be enhanced with metadata.  And while we have growing volumes of  actual data, there is even more data, or metadata, around the usage and source of the actual data.

Metadata is…

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Added by Bill Schmarzo on July 23, 2018 at 4:30am — No Comments

Blockchain + Analytics: Enabling Smart IOT

Autonomous cars are racing down the highway at speeds exceeding 100 MPH when suddenly a car a half-mile ahead blows out a tire sending dangerous debris across 3 lanes of traffic.  Instead of relying upon sending this urgent, time-critical distress information to the world via the cloud, the cars on that particular section of the highway use peer-to-peer, immutable communications to inform all vehicles in the area of the danger so that they can slow down and move to unobstructed…

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Added by Bill Schmarzo on July 16, 2018 at 3:47pm — 4 Comments

Digital Transformation Law #6: It’s About Monetizing the Pain

Will I ever get this digital transformation thing right? The more work I do with clients on their digital transformation initiatives, the more I realize how much I don’t know. For example, first there was the “4 Laws of Digital Transformation”:

  • Law #1: It’s About Business Models, Not Just the Business. Digital Transformation is about innovating…
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Added by Bill Schmarzo on July 11, 2018 at 9:02am — No Comments

Driving AI Revolution with Pre-built Analytic Modules

What is the Intelligence Revolution equivalent to the 1/4” bolt? 

I asked this question in the blog “How History Can Prepare Us for Upcoming AI Revolution?” when trying to understand what history can teach us about technology-induced revolutions.  One of the key capabilities of the Industrial and Information revolutions was…

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Added by Bill Schmarzo on July 5, 2018 at 6:54am — No Comments

Cohort Analysis in the Age of Digital Twins

To be actionable, Big Data and Data Science must get down to the level of the individual - whether the individual is a customer, physician, patient, teacher, student, coach, athlete, technician, mechanic or engineer. This is the “Power of One.” By applying data science to the growing wealth of human purchase, interaction and social engagement data, organizations can capture individual’s tendencies, propensities, inclinations, behaviors, patterns, associations, interests, passions,…

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Added by Bill Schmarzo on June 30, 2018 at 5:31am — No Comments

Unintended Consequences of the Wrong Measures

In an attempt to put the patient first in healthcare, Congress and President Obama in 2015 approved a bipartisan bill for United States healthcare reform. The bill is known as “Medicare Access and CHIP Reauthorization Act of 2015”, or MACRA.  Among the major provisions of MACRA is the Quality Payment Program.  Under the Quality Payment Program, physicians, and nurses receive positive, neutral, or negative Medicare payment adjustments based upon a…

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Added by Bill Schmarzo on June 30, 2018 at 5:00am — 3 Comments

Crossing the Big Data / Data Science Analytics Chasm

The key of any organization’s digital transformation is becoming more effective at leveraging data and analytics to power their business models. That is, how can organizations exploit the growing bounty of internal and external data sources to uncover new sources of customer, product, service, operational and market insights that they can use to optimize key business and operational processes, mitigate compliance and cybersecurity risks, uncover new monetization opportunities,…

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Added by Bill Schmarzo on June 26, 2018 at 6:00am — 2 Comments

Tomorrow’s Digital Transformation Battles Will Be Fought at the Edge

Gartner’s recently released “Magic Quadrant for Industrial IoT Platforms” outlines how organizations can leverage the Internet of Things (IoT) to drive their digital transformation initiatives. In particular, Gartner believes that “By 2020, on-premises Internet of Things (IoT) platforms coupled with edge computing will account for up to 60% of industrial IoT (IIoT) analytics, up from less than 10% today.”[1]

More real-time sensor and…

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Added by Bill Schmarzo on June 20, 2018 at 1:30pm — No Comments

Trends learned from putting together a dataset of 10K AI companies

We recently set-out to build a massive list of AI companies from around the world.  This was a dataset that included companies with just seed funding all the way to the likes of Amazon and Google.  

 

The information we put together included:

Company Information: address & phone number

Products/Services offered: description of each product or service

Pricing:…

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Added by Utsav on June 12, 2017 at 5:30pm — No Comments

Trusting AI

As the current wave of Artificial Intelligence apps continue to gain routine use, do we really trust them?

If not, here's a way of improving trust.  Write the apps in Executable English [1], so that they can explain their results and actions at the end user level.

What other approaches are there?

[1]  …

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Added by Adrian Walker on September 29, 2016 at 11:30am — No Comments

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