Summary: Some industries are a clear slam-dunk for AI/ML applications and some less so. The legal, regulatory, and compliance businesses (law firms, internal legal departments, and the contract review and regulatory compliance departments of heavily regulated industries) fall in this last category. This is a review of seven companies found by TopBots to be successful; pointing to opportunities others can follow.
Added by William Vorhies on November 4, 2020 at 10:00am — No Comments
The main components of systems theory that readers might remember are “inputs,” “processes,” and “outputs.” The part that tends to get neglected is “feedback mechanisms.” These mechanisms tell the system the extent to which operations fit the environment. If there is lack of fitness, there is stress. One adaptive impulse is to make processes more complex and intelligent - i.e. sometimes described as the fight response. Another impulse is to give up and run away - i.e. the flight…Continue
Although I deal with many different types of metrics, I believe they can be generally classified as follows: 1) time use; 2) alignment; 3) production; 4) performance; 5) service; 6) and market. In this blog, I will be providing some comments pertaining to each. Although I have yet to encounter any myself, I am certain that there must be text books on the issue of operational metrics and how to make use of them. However, I personally developed nearly all of those that I use. Although I do…Continue
Added by Don Philip Faithful on May 26, 2018 at 9:00am — No Comments
I came across the story of a manager who felt that the best way to encourage desirable behaviours was through reward and humiliation. This encouragement occurred indirectly through what I would describe as “persuasive data”: a table of data went out each week showing the best and worst performing employees. Everyone in the team could see the stats plainly along with the names of coworkers. They were encouraged to make comparisons. This represents an aggressive use of data. From my…Continue
Added by Don Philip Faithful on March 18, 2017 at 5:51am — No Comments
There’s a lot of buzzword around the term “Sentiment Analysis” and the various ways of doing it. Great! So you report with reasonable accuracies what the sentiment about a particular brand or product is.
After publishing this report, your client comes back to you and…Continue
Added by Vivek Kalyanarangan on November 4, 2016 at 5:00am — No Comments
I find that different types of surveys represent a large source of data for many organizations: client questionnaires; recruitment interviews; incident debriefings; interrogations; borehole drilling surveys; quality control checks; marketing surveys; security and patrol logs; and inventory audits. I believe that for many people, the idea of collecting information using surveys makes sense; and they recognize the need for the data. Problems arise in relation to the transition from survey to…Continue
Added by Don Philip Faithful on October 10, 2015 at 6:09am — No Comments