53 PUBLISHED IDEAS
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Across industries, value chains are facing increasing uncertainty from climatic anomalies, market volatility, and the COVID-19 pandemic, among other factors. Industries as diverse as agriculture, oil and gas, and mining face essentially the same problem: they need the ability to both run with increased efficiency and recover quickly from unforeseen or unexpected challenges.
If companies simply increase production levels, they’ll inevitably run into bottlenecks—and if failures occur that worsen those bottlenecks, the entire network can slow down and become less resilient.
Businesses with large amounts of unstructured data will find it difficult to simplify their operations or make informed decisions. But well-defined and structured data provides consistent data processing.
Data annotation is critical for Artificial Intelligence (AI) and Machine Learning (ML) implementations.
Organizations today are often faced with a challenge: How do we move forward even if we don’t have all of the answers yet? A data engineer can have an impact across the application, from application performance to the semantics and meaning of the data flowing across the system.
AI team members must be curious and humble enough to acknowledge that they don’t have all the answers and identify who can reach across different boundaries within a system to track down an answer.
Embedding AI across an enterprise to tap its full business value requires shifting from bespoke builds to an industrialized AI factory.
For AI to make a sizable contribution to a company’s bottom line, organizations must scale the technology across the organization, infusing it in core business processes, workflows, and customer journeys to optimize decision making and operations daily.
Achieving such scale requires a highly efficient AI production line, where every AI team quickly churns out dozens of race-ready, risk-compliant, reliable models.
“A basic or citizen’s income is not an alternative to a negative income tax. It is simply another way to introduce a negative income tax if it is accompanied with a positive income tax with no exemption. A basic income of a thousand units with a 20 percent rate on earned income is equivalent to a negative income tax with an exemption of five thousand units and a 20 percent rate below and above five thousand units.” — Milton Friedman, 1976 Nobel Memorial Prize in Economic Sciences
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