Be it healthcare, financial fraud or even our day-to-day activities – analytics has the power to find solutions to most complex issues that the future is set to throw at us
A VERY BRIGHT LIGHT IS SHINING today through the power of analytics. Years ago, decisions based on gut feelings and intuition were replaced with decisions based on data. Tedious hand calculations were replaced with reliable algorithms which were executed by machines. Food for thought: To discover the origin of analytics, machine learning, automation, and artificial intelligence (AI), we could go back a couple of decades and still find traces of these technologies.
Artificial intelligence and machine learning have amplified the conversations about the role of algorithms in all sectors. But analytics has always been a differentiator between those who use it and those who do not, or those who use it strategically and those who use it only tactically in isolation. For decades, analytics and data management have followed advances in technology and specifically advances in computing. Analytics adapted to the availability and capacity of computing. As processes are executed faster and memory capacity and storage increases, it becomes easier to solve bigger problems with more and more complex analytics and not just textbook theories.
At the SAS Global Forum 2018, Oliver Schabenberger, COO & CTO, SAS said that he is a lifelong learner. He spent 25 years of his first 30 years in classrooms to eventually find out that what he had learned had largely become irrelevant for the decades that followed. “We believe that curiosity is at the heart of human progress. We can improve lives through analytics. We believe that we can transform a world of data into a world of intelligence through analytics. We believe that we can empower and inspire youth to do great things with data. That is why we exist, that is our quest,” he added.
Denne historien er fra April 28, 2018-utgaven av Businessworld.
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Denne historien er fra April 28, 2018-utgaven av Businessworld.
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MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
