Algorithms provide businesses with more efficient ways to manage their data; however, they are not without problems. On the bright side, algorithms provide certain predictability to business models. They can be relied on for precise decisions and information on what will drive the key metrics. On the darker side, algorithms can increase business risks. Can… Continue reading House-Flipping Algorithms: How An American Tech Real-Estate Marketplace Company Lost Millions Flipping Houses
Tag: Innovation
What Every Business Executive Needs To Know About Artificial Intelligence and Machine Learning
Artificial Intelligence (AI) and machine learning (ML) have been hot topics the last few years, and for a good reason. With AI, we can do previously impossible or costly to do things. Artificial intelligence is also benefiting businesses by automating processes, saving time and money, and improving customer experiences. But what every business leader must… Continue reading What Every Business Executive Needs To Know About Artificial Intelligence and Machine Learning
Three FinTech Companies That Used Privacy By Design Principles To Offer A Unique Value Proposition To Customers
Privacy By Design Principles In the 1990s, Anne Cauvokian introduced privacy by design (PbD) principles that could strike a balance between big data analytics and individual privacy. The principles are outlined below (A. Cavoukian, Operationalizing Privacy by Design: A Guide to Implementing Strong Privacy Practices): Proactive, not reactive; preventive not remedial Privacy as the default setting… Continue reading Three FinTech Companies That Used Privacy By Design Principles To Offer A Unique Value Proposition To Customers
Data Analytics For Competitive Advantage
According to the Capgemini report1, only a small minority of consumer products (16%) and retail companies (6%) use data analytics to gain an edge from data. Such companies are data masters as they have the ability to understand the importance of storytelling skills. A data-powered company embeds the insights into the core business process and… Continue reading Data Analytics For Competitive Advantage