Letters: A birthday wish for the internet

[Re: As the Internet turns forty, we must invest in digital skills, Jan 4]

With the internet turning middle-aged this year, the importance of data for businesses has never been more central. The 40th birthday of the internet should act as a call to arms for business leaders as online innovation  enters a new stage.

 While the article correctly highlights the importance of predictive technology for future growth, it fails to elaborate on what this “predictive” technology means for businesses.

The spiral of economic challenges in 2023 mean that business leaders are under huge more pressure to make informed, data-driven decisions. However, many lack the skills to benefit from these insights – if they can access them at all.

To fulfil this need, many businesses across sectors are investing in “predictive” approaches to Business Intelligence and analytics.

Being predictive, however, is only one part of the puzzle. AI and machine learning is transforming how businesses prepare data, generate insights, and explain those insights to

people. This is putting the power of analytics in the hands of more decision-makers than ever, without necessarily requiring them to have a technical background.

There is huge potential here for firms in London to benefit, whether it is a retailer seeking to understand customer behaviour to decide on their next product lunch, to the capital’s world-leading finance firms still struggling to monetise decades of legacy data.

Tom Warren

MD of UKI at Pyramid Analytics

For all the latest Lifestyle News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.