Adopting Emerging Technologies
- 1. ADOPTING EMERGING TECHNOLOGIES Getting ready for the future.
- 3. MISTAKES TO AVOID ▰ Shiny Toy Syndrome ○ Many eager to adopt emerging technologies without understanding them. 3 ▰ NOT reasons to consider A.I.: ○ Fear of missing out ○ Buzz-worthy ○ Reduce workforce ○ Have a lot of data but don’t know what to do with it ○ Think it’s mandatory to be in the cloud ○ Bought hardware that is not being used ○ Already have an A.I. group in the company.
- 4. REASONS TO CONSIDER AI ▰ Business Impact ○ Measurable business problem to solve ○ Increase revenue or reduce cost ○ Accelerate R&D and business innovation ○ Automate mundane tasks 4 ▰ Key considerations: ○ A lot of quality data to analyse? ○ Can you quantify the problem through tracking metrics? ○ Someone to champion the investment? ○ Do you need tools to enable data scientists without burdening IT?
- 5. STRATEGIES TO REMEMBER ▰ Agile Data Management is required ▰ Technology, Culture and People are all critical to success ▰ Foundational Technologies need to be in place and well governed ○ Cloud Technologies ○ Business Intelligence and Analytics ○ Application and Data Integration ▰ A company’s Data Transformation maturity dictates Innovation success ▰ No matter how big your data is, insights and actions will deliver ROI and competitive advantage 5
- 7. WILL A.I. REPLACE HUMANS? ▰ Current A.I. is “Narrow A.I.” or weak A.I. ▰ Will not replace humans soon but will complement humans. ▰ Some jobs will disappear, but new jobs will appear. 7
- 8. IMPACT ON ANALYSTS Traditionally: ▰ 80% of Job: Data Cleaning (Mundane and repetitive) ▰ 20% of Job: Communicating Data (More meaningful) 8 A.I. can liberate analysts from the mundane and repetitive tasks and: 1. Allow analysts to focus on more meaningful tasks 2. Reduces human errors 3. More comprehensive and unbiased
- 9. 9 ~58,000,000New jobs to be created by 2022. 1 in 5 employees will be working with A.I.
- 10. TECHNICAL SKILLS – UPSKILLING 1. Analyze the situation and define the initiative 2. Design a skills plan 3. Use A.I. powered solutions to assess employees 4. Match job and engage employees 5. Device catered training program and talent roadmap 6. Monitor performance and identify top performers 10
- 11. SOFT SKILLS – FUTURE SKILLS 1. Be CURIOUS with data 2. THINK CRITICALLY to draw robust solutions 3. TELL STORIES to communicate output with impact 11 (4 simple principles of story-telling)
- 12. “The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn. 12 Alvin Toffler, Futurist
- 13. PRESENTED BY:
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