A speaker at a recent major tech event quipped that “they will only call it AI until it is useful”. The point was that AI for the sake of AI is pointless, and can even be counter-productive. As soon as someone conceives and develops an actual use case, they name
If you have ever been to the tropics, you will know that when it rains, it really rains. Bucketloads of water can fall in a very short period of time. But in an equally short period of time, all the water (usually) simply drains away, thanks to advanced civil engineering.
Data, it has been said, is the new oil. Indeed, according to Gartner, 90% of organisations apparently believe that data is an asset. But just having lots of data is not enough to ensure success: you also have to know how to use it to generate value. And in this
The auto insurance industry is facing an unprecedented number of challenges brought on by heavy price competition and increased claims costs. To counter this, the industry is now turning to new clever ways of using advanced analytics in order to be more competitive, and be able to better assess risk
Who doesn’t want to be proactive? Many a starry-eyed presenter have discussed the subject of predictive decision making. Usually, the story goes something like this: “You can’t drive your car looking in the rear-view mirror. You have to look out the wind screen. Therefore, you need predictive decision making.” Examples