Spark 2019: Data is now a vital input for businesses, but how to get the most of it? Kenn Cukier, Senior Editor at the Economist explains what AI is, why it matters, where it's headed and how companies and executives can flourish.

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How AI revolutionises
business strategy
Kenneth Cukier
Senior Editor, The Economist
Co-author “Big Data: A revolution that transforms how we live, work and think”
Equifax • London • 16 May 2019
a story . . .
what
technology
data
mindset

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lesson
data = resource
new raw material
vital economic input
more is different
how
machine learning

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how
machine learning
everywhere, everyday
machine learning
computer translation
speech recognition
self-driving car
etc . . .

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hospitals companies
&
humans customers
thinking of the world
as a platform for
the collection and
analysis of data
technology
what does it lower the cost of?

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technology
what does it lower the cost of?
computer → arithmetic

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technology
what does it lower the cost of?
computer → arithmetic
technology
what does it lower the cost of?
computer → arithmetic
ai → prediction

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turn everything into prediction problems
and solve them with ai
scale, speed, accuracy
banking
scale, speed, accuracy
insurance

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complexity
spot patterns humans miss
search the entire “solution space”

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complexity
spot patterns humans miss
search the entire “solution space”
uncover new realities
implications
strategy
learn, not know

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change
people & organizations
advantage
legacy players
risks
privacy

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risks
privacy
ownership
risks
privacy
ownership
propensity
risks
privacy
ownership
propensity
explainability
“data-ism”

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next
thank you
KennethCukier@Economist.com
@kncukier