Ditch the data scientists and weaponize your data with AI tech (VB Live)

  • ‘”Data scientists are all about the quality of the model, tuning it and getting two percent more or 50 basis points — that’s what gets them really excited,’ Butler says. ‘But if you’re a business line owner or you’re running a $100 million renewal business, it doesn’t need to be 99.9998 percent correct. I want to be 90 percent, which is worth $20 million this quarter, so let’s forget the next two percent and put it into production.’
  • ‘Don’t overthink it,’ Butler says. ‘Just get started. And remember if you get great results, the next step is to productize it and weaponize it.’
  • To learn more about how to weaponize your data in the most cost-effective, business-boosting ways using AI, the mistakes to avoid when you’re just starting out, and more, don’t miss this VB Live event!”


Data translators a big draw as companies make shift to large scale AI

  • “Even though the data boom is relatively a recent phenomenon, around 90 per cent of the world’s data has been generated in the past two years only. 
  • However, in terms of usage, firms have only been able to scratch the surface by harnessing less than 1 per cent of those to extract useful insights.
  • The current demand is led by the ecommerce segment, including FMCG/FMCD companies, where the demand for business analysts to understand buyers’ behaviour is high. 
  • LTI also conduct Hackathons to identify potential candidates with mathematics, statistics and data engineering backgrounds who showcase these traits.
  • Analysts suggest that for every data scientist, companies will need five to seven data engineers and around 10-15 translators.”


Walmart turns to Flipkart for tech

“In fact, Flipkart’s AI for India initiative was run by Sachin, who moved out of Flipkart right after the acquisition by Walmart. Flipkart already has more than 50 data scientists and is training another 100 of them. Hiring, too, is on. It is expected to have more than 250 data scientists and AI experts in the next couple of years.”