This Week in Data Preparation (August 24, 2020)
This weekly post with news items from the data preparation market is brought to you by The Data Value Factory, the company offering Data Preparer.
17 links in this week’s post: 15 articles (on digital transformation, artificial intelligence, business intelligence, citizen scientists, data classification, data integration, data democratization, and master data management, by Genpact, Deloitte AI Institute, PwC, dotData, Data Ladder, Argility Technology Group, NASA, Critical Infrastructure LLC, InfoAdvisor, Emtiro Health, Innovaccer, Holon Solutions, JLL, Experian, Spark Hire, Splunk, GigaSpaces, Capacity, and Profisee), 1 research study on artificial intelligence used in workplaces (by the Oxford Internet Institute), and 1 company announcement (by Auritas and BigID).
4 ways AI and digital transformation enable deeper automation. “There was sort of that mad dash to do anything and everything [with AI],” said Sanjay Srivastava, chief digital officer at professional services firm Genpact. “We’ve tried it, experimented with it, applied it and now there is an evolution of AI in the enterprise”. “We’ve gone from an era where you’ve developed a digital technology and deployed it, to technologies that are continuously learning and evolving,” said Beena Ammanath, executive director of the Deloitte AI Institute. “There is a shift in companies wanting to use AI to generate insights,” said Anand Rao, global and U.S. artificial intelligence and U.S. data and analytics leader at PwC.
Is your BI team AI ready? Enter AutoML 2.0. “The notion of using data to predict future outcomes is far from new. Even highly technical products that performed “predictive analytics” analysis have already been available to enterprise organizations for many years. The notion of developing and deploying custom-built predictive solutions, however, have, for the most part, been the exclusive domain of Fortune 500 companies.” writes Ryohei Fujimaki, CEO at dotData.
What Happens When Your Customer Records are Not Linked Across Your Business Systems? “To truly understand your customer, you need to make sense of customer data, but when your records are of poor quality and are not linked across your business systems, your personalization & digital transformation initiatives risk failure.” writes Farah Kim, Product Marketing Specialist at Data Ladder.
Using analytics to gain competitive-edge. “The correct approach to business intelligence can help a company to remodel and enhance its customer experience, and boost its competitive advantage.” said Marko Salic, CEO of the Argility Technology Group.
Citizen Scientists Discover Dozens of New Cosmic Neighbors in NASA Data. “Vast modern datasets can unlock landmark discoveries, and it’s exciting that these could be spotted first by citizen scientists,” said Aaron Meisner, assistant scientist at NSF’s NOIRLab and the lead author of the study describing the brown dwarfs. “Our new discoveries help connect the dots between 0855 and the other known brown dwarfs,” said astrophysicist Marc Kuchner, the principal investigator of Backyard Worlds and the Citizen Science Officer for NASA’s Science Mission Directorate. “This paper is evidence that the solar neighborhood is still uncharted territory and citizen scientists are excellent astronomical cartographers,” said coauthor Jackie Faherty of the American Museum of Natural History in New York. “Being that this will be the first scientific paper that I’m a coauthor on, its publication will definitely be the highlight of working with Backyard Worlds so far,” said Les Hamlet, a citizen scientist in Springfield, Missouri, who has worked on Backyard Worlds since 2017.
Data Classification: Key for Improving Search, Discovery and Compliance. “Companies have been sold this idea that all their data is sacred, and if they don’t yet know why, then they should hold on to it, or hoard it until they figure out its use.” said Rich Mason, president and CSO of Critical Infrastructure LLC. “This is our time to be asking for assets to do cataloging and categorization of data.”, said Karen Lopez, Senior Project Manager and Architect at InfoAdvisor.
How Can Data Integration Promote Personalization, Availability of Health Care? Through the partnership between Innovaccer and Emtiro Health, data utilization will work to delineate and address social aspects known to affect the health of populations nationwide, said Kelly Garrison, CEO at Emtiro Health, and Paul Grundy, MD, chief transformation officer at Innovaccer.
Overcoming Data Fragmentation Is Key to Unlocking Value in Healthcare. “It’s no secret that healthcare has a waste and underperformance problem associated with data access. Even after decades of digitalization, providers and patients still struggle to get relevant information when and where they need it.” writes Jon Zimmerman, CEO at Holon Solutions.
How data management accuracy increased by 99% for JLL. “The failure rate is fantastic — and time to complete has been astonishing,” said JLL valuation advisory business applications manager for Asia Pacific Paul Fitzpatrick.
How businesses can achieve data excellence. “Recent research from Experian revealed that 85% of organisations see data as one of the most valuable assets. However, while most companies have an abundance of information, they are in short supply of meaningful insight.”said Jonathan Westley, Chief Data Officer at Experian.
Why Your CS Team Needs to Be Data-Driven. To ensure data literacy at video interviewing platform Spark Hire, Alexis Waarich, a manager of customer success, said data training takes place early and often across the entire CS org.
Data Democracy in the Data Age. “The next decade will usher us into a true Data Age where data can be used by anybody and influences all aspects of our world.” said Frank Dimina, vice president of public sector for Splunk.
Three tips for crafting an AI strategy. “When building an AI strategy, enterprises should define the optimal way to build their ML pipelines.” claims GigaSpaces’ Karen Krivaa.
3 Reasons Why Data Collection Won’t Work Without Human Interference. In this special guest feature, David Karandish, CEO of Capacity, suggests that while humans are teaching machines to consistently deliver the highest-quality results, we’re also filling in the gaps in the data collection along the way.
Garbage In, Garbage Out: How We Got Here and Why We Must Get Out Now. “Organizations across industries continue to deal with a broad-based inability to commoditize siloed business processes in favor of a digital business transformation — one that requires a common understanding of the organization’s master data.” writes Bill O’Kane, VP and MDM Strategist at Profisee.
‘Serious shortcomings’: Study finds workplace AI not doing what it claims. The report authors, Gina Neff, Maggie McGrath, and Nayana Prakesh, say the gap is considerable, especially “in how AI tools [are] used and how people talk about what they are supposed to do”. “Ultimately serious gaps remain between the social and technical infrastructures required for functional AI in many workplace settings,” said University of Oxford Associate Professor and Senior Research Fellow, Gina Neff.
Auritas and BigID Announce Strategic Partnership. “As a trusted partner for some of the world’s largest brands, we always want to bring the most innovative and advanced solutions for our clients,” said Deepak Sood, CTO, Auritas. “Auritas’ expertise in the data management space and the SAP portfolio of products combined with BigID’s data discovery, privacy and perspectives capabilities helps organizations gain deep data insight on their enterprise data,” said Nimrod Vax, Co-founder and Head of Product at BigID.
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