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How is data analytics changing our world? Our favorite TED talks.
There is an immeasurable amount of data being generated by businesses and consumers every single day. Choosing to harness this data to enhance business processes is no secret, but eventually, every aspect of our lives will be affected by data.
According to Forbes, 53% of companies are searching for and adopting big data analytics, so it’s clear that data is already being sought after to add genuine value across sectors. It can be hard, however, to navigate the reams of online information to find the most insightful discussions.
At Kognitio, we’ve been following discussions around data analytics over time, and have come across a number inspiring, thought-provoking talks. In this round-up of our favorites, hear what these TED and TEDx speakers have to say:
1. Tips on monetizing data
According to Gartner, 90% of large global organizations will have a CDO in place by 2019. Whilst most organizations are aware of the potential of their data, CDOs still struggle to find reliable ways to monetize this big data.
According to Mathias Lundø Nielsen in his talk, How to monetize big data, the availability of information now plays a core role in how individuals, companies and society operate. He discusses his tried and tested methods to drive genuine business value from data, including examples from his own ventures.
2. Learn how data can make the world better
In his TEDx talk, Big data in the service of humanity, Jake Porway encourages us to think about more about data. He wants businesses, big and small, to dive into its full potential.
But he points out that, whilst data can be used to make money, and better products, analysis isn’t always easy. Listen to Porway’s take on how even the ‘little guys’ can utilize complex big data to make the world a better place.
3. Using data to tell stories
Ever thought ‘data’ was a dry subject matter? If you’re an data enthusiast, probably not. But you might have struggled to fully engage your colleagues and friends from very different business areas.
Giorgia Lupi runs her own data visualization design company, and she designs and develops ways to make information visually accessible. In her TED talk called How we can find ourselves in data, she injects personality into the subject of data. She encourages us to remember that data is just a tool we use to represent reality.
According to Lupi, to make data representative of human nature, we need to start designing ways to include empathy, imperfection and human qualities in how we collect, process, analyze and display it.
4. Which job roles are more at risk with AI?
Machine learning and automation is certainly enhancing business processes and saving money, but the knock on effect is unease about the future of the workforce’s jobs. Anthony Goldbloom discusses in his TED talk, The jobs we’ll lose to machines — and the ones we won’t, which roles are more likely to be automated than others.
Goldbloom, a tech entrepreneur from Australia, explains that routine company audits, writing and reviewing simple legal contracts and inspecting medical images appear vulnerable to automation. But it’s not all bad news, he believes creative and strategic professionals will be in demand to come up with marketing campaigns and business strategies to find gaps in the market.
Overall, with data fundamentally changing the way to live our lives, businesses are in the prime position to tap big data to enhance their processes. With software like Kognitio, designed specifically to optimize the ease and speed with which insights are drawn from this data, organizations can get faster answers to their queries, powering enhanced, data-driven decisions.
5. How AI will enhance our future
As an AI expert for Apple, Tom Gruber believes that as AI gets smarter, so will we. His presentation, How AI can enhance our memory, work and social lives, focuses on what he names ‘humanistic AI’, discussing how AI and human collaboration brings mutual gains.
Gruber’s opinion is that data and AI will continue to be developed and exploited to augment natural human abilities. He goes on to outline how AI already benefits the lives of those with disabilities, helps with detecting cancer, and improves the human memory. Ultimately, according to Gruver, automation will not replace human intelligence, but enhance it.