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Big Data & Augmented Intelligence

“Each year computers are getting faster, but at the same time we as humans are getting better at using them.” – Daniel Gutierrez: Data Scientist at AMULET Analytics.

Augmented intelligence is the use of information technology to elevate human intelligence. It focuses on the assistive role of AI, highlighting the fact that it is designed to enhance human intelligence rather than replace it, by helping employees understand and keep up-to-date with the increasingly digital world that we live in.

Sean Gourley, CEO of Stealth Machine Intelligence Company, describes Augmented Intelligence as “humans and machines learning together to solve very, very difficult problems that neither one can solve by themselves.On the one side, you’ve got a very complex world, and we use mathematics to simplify it, and the other side, we’ve got the human version 1.0, where we use visualisation to enhance our natural cognitive ability, and It’s being used to solve some of the most difficult problems in the world.”

Companies like Quid, CognitiveScale, Eolian and Virtualitics are using Augmented Intelligence to improve their business outcomes, with many other emerging start-ups following the lead. Here are some examples of how the interface between humans and machines can help you increase the success of your organisation.

 

#1 – CONTEXTUAL DISCOVERY

Contextual discovery refers to the early phases of research where new knowledge or different ways of thinking about a subject are introduced. With the combined power of machine learning and human curation, contextual awareness across the entire data and analytics workflow is impacted.

“Augmented Intelligence enables contextual discovery so users can find what they’re looking for based on natural language queries and context of their work.” – Vice President of Brand Experience at Brainspace.

 

#2 – ENABLING OPPORTUNITIES ACROSS THE ORGANISATION

“Augmented Intelligence is the perfect marriage of machine learning and human intuition, enabling any user to become a data scientist; R&D can use it to research patents, HR can use it for workforce analytics, or corporate investigators can use it to explore cases.” – Brainspace.

Augmented Intelligence serves multiple purposes in an organisation across sales, finance, HR, operations and marketing departments, helping with the streamlining and classification of data, increasing savings, enabling better employee management and resource allocation whilst also reducing human error.

“Using augmented intelligence to make suggestions to staff, and to record their response, means that humans and the machines can work together to come up with the best solutions. There is less need to worry that people are going to miss important actions or take wrong decisions because of the visibility of what’s going on.” – Dataconomy.

 

#3 – FASTER & MORE ACCURATE INSIGHTS

“Quantitatively, the speed with which users can extract key insights with machine learning can save your organisation significant time and allocated costs. Augmenting worker intelligence allows your organisation to extract valuable data hidden in all corners of the company and connect it in ways that make sense to human users.” – Brainspace.

Time management is of high importance in every organisation. With augmented intelligence, the ability to extract meaning from unstructured data and present it logically enables the organisation to derive higher quality insights more quickly.

“AI developers are looking for opportunities to augment our abilities, and to develop tools to do tasks that we cannot do. Consider healthcare professionals, who only have seconds or minutes to make huge decisions.” – Ronald Van Loon: Director of Advertisement.

 

#4 – SECURITY ANALYSIS

Using AI, a business can analyse reams of structured and unstructured data and identify errors and security breaches faster than any human alone. Augmented Intelligence tools, like IBM Watson, are proving to be effective at this.
“Dozens of organisations are already working with this technology and helping discover new ways Watson can be used in the fight against cybercrime. In the future, bots will seek out network vulnerabilities, diagnose them, and recommend ways to patch them — all while working seamlessly with cybersecurity experts, who will be even more valuable in the fight against cybercrime because they have been trained in the use of augmented intelligence.” – Sandy Bird: Chief Technology Officer at IBM Security.

 

 

 

For more resources, please see below:

The Hype – And Hope – Of Artificial Intelligence

Augmented Intelligence: What You Should Know

How Augmented Intelligence Helps Businesses Grow

The Shift to Augmented Intelligence and How It Helps Your Organisation

Just Buying Into Modern BI And Analytics? Get Ready For Augmented Analytics

Big Data And The Rise of Augmented Intelligence: Sean Gourley at TEDx Auckland

Augmented Intelligence: How To Combine Human & Artificial Intelligence To Change Behaviour

Big Data & Analytics, Virtual & Augmented Reality, Artificial Intelligence & Cloud Are Driving Universities To Innovate

 

To discuss Augmented Intelligence and other topics, please contact the team at Contexti – + 61 28294 2161 | connect@contexti.com

Preparing Your Business For Digital Transformation With Data Science & Cloud Computing

“Modern enterprise technologies generate vast amounts of data, which can be challenging and time-consuming to analyse. By building data science models that are accessible, meaningful, and actionable, however, you can spot new opportunities quickly and speed up decision-making.” – The Infor Blog.

When it comes to speed of execution and reliability of insights, data science is a key component for success. Analysing data patterns allow businesses to build models that create forecasts of what can happen in different scenarios, create solutions and generate actionable insights.

 

THE KEY DRIVERS OF DIGITAL TRANSFORMATION

“Digital transformation can be defined as the acceleration of business activities, processes, competencies and models to fully leverage the changes and opportunities of digital technologies and their impact in a strategic and prioritised way.” – Mark Edmead: IT Transformation Consultant & Trainer at MTE Advisors.

Organisations are faced with the constant challenge of adapting to a changing business landscape in order to remain competitive. This includes keeping up with demand, changes in customer behavior and adopting new and innovative technologies into the business model. The key drivers behind digital transformation include profitability, scalability, and added value propositions to product and service offerings.

“Enterprises should be able to deliver custom applications at the speed of ideas. That’s the way to stay ahead in competition in today’s world. Lowering operational costs and enhancing customer experience is the core of digital transformation.” – Forbes.

When it comes to implementing digital transformation effectively, it’s not just about technology, it’s about building the right team. Organisational culture, the right mindset, good communication skills, and a clear understanding of the digitisation strategy are key players in the speed and effectiveness of digital transformation. Employees that are empowered by IT leaders and have received the right training feel more encouraged and enabled to embrace technology and data-driven decision making.

This is why it’s important to address any skill gaps before digital transformation takes place, and to also have a criteria of skill sets required for new employees, based on the goals your organisation is trying to achieve.

“The people you need to hire are the flexible, innovative and entrepreneurial ones. They’re not afraid to fail. They can pick up new techniques very quickly. They’re curious.” – Talent Sonar.

 

DATA SCIENCE IN THE CLOUD

“Data science is enabling the next generation of enterprise software, resulting in solutions that tell users what is going to happen and what they should do about it today.” – Ben Rossi: Contributor at Information Age.

Exploding data volumes are increasing the complexity of analysis, and with most data scientists running tools like AWS Machine Learning, Azure, Python and R in the cloud, it’s safe to say that data science and cloud computing go hand-in-hand.

Many organisations are investing a lot of time and resources on Big Data and making sure it stays in the cloud, in order to experience benefits like flexibility, ability to collaborate, reduced IT costs, and easy access to data.

“Businesses need to be continuously embracing new online marketing channels, bringing new digitally-evolved products to market, refreshing the value propositions of their offerings, and utilising cloud technologies to enable scaling and globalisation at pace.” – Conservit.

 

DATA STORAGE & ACCESSIBILITY

“Processing data and shifting it to Cloud organisations avails two benefits, including tackling large sets of data for decision making and reducing the overall cost of infrastructure.” – Edureka!

Data storage is a challenge for many businesses, but Cloud computing has made storing and analysing data much easier by simplifying IT management, data maintenance and infrastructure updates.

“Value of data is dependent on frequency and speed of access needed to deliver business requirements. Digital enterprises operate with radically different datanomics than conventional physical businesses. Here, digital information is the business.Yes, that means that there is exponentially more data to store and manage. But it also means a fundamental difference in how that data needs to be stored and managed.” – Ash Ashutosh: Contributor at InfoWorld,

Cloud computing, built around a series of hardware and software that can be accessed remotely through any web browser, can greatly assist businesses looking to improve their service offerings through accessible, machine readable data.

“Cloud computing offers your business many benefits. It allows you to set up what is essentially a virtual office to give you the flexibility of connecting to your business anywhere, any time. With the growing number of web-enabled devices used in today’s business environment (e.g. smartphones, tablets), access to your data is even easier.” – Business Queensland.

 

 

For more resources, please see below:

Benefits Of Cloud Computing

Why Your Business Needs Digital Transformation

5 Effective Steps To Hire For Digital Transformation

Why Digital Transformation Is Not Just About Technology

The Importance Of Data Science With Cloud Computing

Running Scalable Data Science on Cloud With R & Python

How Digital Transformation Disrupted The Storage Industry

How To Digitally Transform Your Business With Data Science

Digital Transformation: Why It’s Important To Your Organisation

Digital Transformation and Innovation In Today’s Business World

How Data Science Is The Driving Force Behind Successful Digital Transformation

Hottest Trends Driving Big Data In 2017

How businesses are using data is evolving, and the rise of new technology is changing data-driven projects for the better.

Here’s some of the hottest trends we’ve observed this year.

 

#1 – THE RISE OF CLOUD

“Enterprise IT had been rapidly changing, and the Cloud is playing an ever-larger factor. Cloud technologies offer unprecedented resource and flexibility for Big Data & Data Science.” – Zmags.

With the growing popularity of cloud computing, there’s been a lot of debate about the pros and cons of moving data from on-premise to cloud environments.

“Contrary to popular belief, on-premise systems were shown to be more expensive to operate annually than their cloud-based counterparts, with the overall cost 60% higher on an annual basis – even after the first year!” – Andrew Heriot: Head of Services EMEA at Maximizer Software.

With many businesses moving to cloud solutions as a way of cutting down costs, other key reasons why they’re deciding to make the switch are simplicity, flexibility, accessibility and experimentation.

“The cloud enables new kinds of possibilities, including inexpensive experimentation that allows businesses to configure ‘best fit’ solutions that satisfy their needs.” – Vasant Dhar: Professor at the Stern School of Business & the Centre for Data Science at New York University.

 

#2 – CYBER SECURITY

“The world will create 180 zettabytes of data (or 180 trillion gigabytes) in 2025, up from less than 10 zettabytes in 2015, according to IDC.” – Forbes.

With worldwide data reaching unprecedented levels, cyber attacks have also become more prevalent. As a result, cyber security through Big Data Analytics has become a major area of investment, and businesses who treat it as an afterthought rather than a major area of concern are leaving themselves vulnerable.

“An ASX survey of the cyber risk facing Australia’s top 100 publicly listed companies found that nearly two-thirds of Australian companies see cyber breaches as an “IT issue” rather than a major business risk, and only 45 per cent of ASX 100 companies are confident in their organisation’s ability to detect and manage a cyber hacking event.” – Alice Uribe: Australian Financial Review.

 

#3 – DATA AGILITY

“It’s not about how much data you can store and process. It’s about data agility. How fast can you extract value from your mountains of data and how quickly can you translate that information into action?” – tdwi.org

Businesses have shifted their focus from capturing and managing data to actively using it for business impact. To achieve this, new tools to discover and explore data are being developed for greater flexibility and speed. A great example of this would be Cloudera Altus, which our partner released earlier this year, taking the deployment of data platforms and data pipelines in the cloud to the next level.

“Our customers wanted to understand how to leverage the agility, scale, and ease-of-use offered by the cloud to efficiently and cost-effectively gain insights from their ever-growing business data.” Jennifer Wu: Director of Product Management at Cloudera.

 

#4 – DATA VISUALISATION

“Having the data is not enough, I have to show it in ways people both enjoy and understand.” – Hans Rosling (1948-2017): Professor of International Health at Karolinska Institutet & Co-Founder of the Gapminder Foundation.

With technology advancing at a rapid pace, data visualisation is constantly evolving. A recent Business2community survey of data professionals found that the data science skill with the highest correlation to project success was data mining and visualisation tools such as Tableau and JavaScript.

“Data visualisation is the best way of engaging decision makers with a visual narrative that leads them to the insight. It also shows the quality of the data, where data is missing, and whether it’s valid with a quick, preliminary visualisation.” – Alex Lane: International Events Coordinator at Innovation Enterprise.

 

#5 – FROM IOT TO IOE

Forget the Internet of Things (IoT). The Internet of Everything (IoE) is re-inventing how we do business by bringing together people, process, data and things to create new capabilities, experiences and opportunities for businesses by connecting them to more valuable networks.

“The Internet of Everything builds on the foundation of the Internet of Things by adding network intelligence that allows convergence, orchestration and visibility across previously disparate systems.” – Cisco.

With digital technology constantly improving products and services, customer expectations are raised and businesses must rise up to meet the challenge. Now that digital is embedded in everything we do, IoT is not enough.

“The Internet of Everything will re-invent industries at three levels: business process, business model, and business moment.” – Hung Le Hong: Research Vice President and Gartner Fellow.

 

#6 – THE STARTUP BOOM

“Big Data has become a crucial growth enabler by empowering companies with deep insights on the internal business processes along with the competitors and market. This exponential demand for data has led to the mushrooming of startups focusing on acquiring, analysing and building innovative products on top of Big Data.”- Jacob Koshy: Content & Social Media Marketer at PromptCloud.

Big Data can achieve big outcomes, but is useless without the skills to analyse it. Recognising the challenge, several startups have emerged with their own solutions to making sense of this data and turning it into actionable insights for businesses.

“When a new startup comes up with technological advancement in Big Data and machine learning, none of the big guys want their competitors getting hold of it. This along with the advantage of having the best tools to handle data makes acquiring such startups a lucrative thing to do for the bigger companies.” – PromptCloud.

Companies like Apple, Microsoft and SAP are acquiring small start-ups for competitive advantage when entering into new markets, creating new business models, and making their enterprises more customer-centric.

 

For more resources, please read the following links:

 

Big Data Trends

Top 10 Big Data Trends 2017

5 Trends Driving Big Data in 2017

Big Data Trends To Watch Out for In 2017

15 Data and Analytics Trends That Will Dominate 2017

6 Predictions For The $203 Billion Big Data Analytics Market

 

Cloud

Five Ways to Move Your Big Data Projects Into the Cloud

The Cloud or Not to Cloud: Where Does Your Data Warehouse Belong?

Industry Experts Discuss Advantages & Risks of Shifting Data Analytics to The Cloud

 

Data Agility

Ready, Set, Go – How Fast Is Your Data?

Why Data Agility is a Key Driver of Big Data Technology Development

 

Cyber Security

How Big Data is Improving Cyber Security

Commonwealth Bank of Australia Years Ahead of Rivals on Cyber Security

 

The Internet of Everything

Internet of Everything FAQ

The Internet of Everything (IoE)

 

Big Data Startups

Why Large Enterprises are Acquiring Big Data Startups

Big Data at Work: Key Lessons from Startups and Large Firms

AI, IoT & Big Data Featured As Best-In-Show

It’s no secret that AI, IoT and Big Data are the three biggest technology trends, with more and more organisations responding to the challenges of innovation and relevance by integrating these technologies into their businesses.

According to SD Times 100 Award Winners 2017, a few key players are dominating the market.

Contexti is proud to announce that among the key players are our partners Cloudera and Talend, with Cloudera being awarded in this category for the fifth consecutive year.

So how is your business using digital transformation to create value today?

For more information, see the press release on our partner’s website:
Cloudera Named SD Times 100 Award Winner for Fifth Consecutive Year