Last Updated: June 22, 2018
Twice a month, we bring you headlines from around the industry to keep you informed of the latest trends and conversations. Whether you are in marketing, sales, insights and innovation, or finance, we are your go-to source to learn how predictive analytics, machine learning and AI, combined with human intelligence, can transform business planning and performance.
Enterprise investments in advanced analytics, artificial intelligence and machine learning are growing each day as these tools have become increasingly important to business success. As machine learning continues to improve, its potential for generating original ideas could spur a radical change in economic growth rates, says Northwestern University economist Benjamin Jones.
Whether to allow machine learning to advance to the level of producing original thought has been hotly contested though, this CNBC article discusses how AI and machine learning may speed up or take over the ideation of new business innovations. Read it here.
There is little question that artificial intelligence has changed the lives of consumers and c-suite executives. From Siri and Alexa gleaning data to marketers using that same data to improve consumer demand forecasts, artificial intelligence, powered by machine-learning and paired with predictive analytics, is here to stay.
In fact, Gartner predicts that by 2020, 85% of customer interactions in retail will be managed by AI. As such, almost 98% of corporate leaders leaders see AI as essential for their businesses.
This HuffPost article provides examples and highlights of some of the transformative ways machine learning dramatically amplifies the ability to extract insights from data and perform complex tasks at scale. See the details here.
The New Currency Of The Economy: Data Analytics
In today’s economy, data is the most sought after resource, and the amount of consumer data that is being generated daily is growing daily. For forward thinking companies, though, success cannot be measured by big data, but through analysis and the insights gained from it. This means faster decisions, faster trades, faster transactions and faster money.
Implementing technology to improve business processes and bringing data into real time is key to this success. Read details on how a digital economy in conjunction with a strong analytics industry will make data the currency of the future, here.
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