DataFramed

We are in a Generative AI hype cycle. Every executive looking at the potential generative AI today is probably thinking about how they can allocate their department's budget to building some AI use cases. However, many of these use cases won't make it into production.

In a similar vein, the hype around machine learning in the early 2010s led to lots of hype around the technology, but a lot of the value did not pan out...

We don’t think about every decision we make. Some decisions are easy and intuitive, others can be riddled with doubt. In a business setting, decision-making is often crucial, and with that comes pressure to ensure we’re making the right decisions in the best way possible. We can often accompany decision-making with context, providing a narrative for how we might approach a decision, citing what data and insights have had significant input into our choices...

Arianna Huffington, co-founder of The Huffington Post, woke up in a pool of blood nursing a broken cheekbone after collapsing at her desk in 2007. Various stresses and pressures in her life had manifested themself into an episode of extreme mental exhaustion. This event was the catalyst for her to write a book on well-being as well as start the behavioral-change company Thrive Global. Many of us have, or will, experience burnout at some point...

2023 was a huge year for data and AI. Everyone who didn't live under a rock started using generative AI, and much was teased by companies like OpenAI, Microsoft, Google and Meta. We saw the millions of different use cases generative AI could be applied to, as well as the iterations we could expect from the AI space, such as connected multi-modal models, LLMs in mobile devices and formal legislation...

In January 2024, six activists were identified by British Police in London, suspected of planning to disrupt the London Stock Exchange through a lock-in. In an attempt to prevent the building from opening for trading. Despite the foiled attempt, the strategy for this protest was inherently flawed. Trading no longer requires a busy exchange with raucous shouting and phone calls to facilitate the flow of investment around the world...

Cookies were invented to help online shoppers, simply as an identifier so that online carts weren’t lost to the ether. Marketers quickly saw the power of using cookies for more than just maintaining session states, and moved to use them as part of their targeted advertising. Before we knew it, our online habits were being tracked, without our clear consent. The unregulated cookie-boom lasted until 2018 with the advent of GDPR and the CCPA...

We’ve never been more aware of the word ‘hallucinate’ in a professional setting. Generative AI has taught us that we need to work in tandem with personal AI tools when we want accurate and reliable information. We’ve also seen the impacts of bias in AI systems, and why trusting outputs at face value can be a dangerous game, even for the largest tech organizations in the world. It seems we could be both very close and very far away from being able to fully trust AI in a work setting...

Your data project doesn't end once you have results. In order to have impact, you need to communicate those results to others. Presentations filled with endless tables and technical jargon can easily become tedious, leading your audience to lose interest or misunderstand your point.

Data storytelling provides a solution to this: by creating a narrative around your results you can increase engagement and understanding from your audience...

Data used to be the exhaust of our work activities, until we started seeing the value it can provide. Today, data is a strategic asset, used to gain a competitive advantage and well guarded from those that might use it to harm others. With this change in attitude, how we access and safeguard our data has improved massively. However, data breaches are not a thing of the past, and with the advent of AI, many new techniques for maliciously accessing data are being created...

We learned so much about generative AI and its impact for people and organizations in 2023, we must anticipate many more innovations in the data and AI space 2024. One of the best places to look for this information is through the wisdom of those that spend their time with the Fortune 1000 leaders that are helping shape data and AI practices...