article thumbnail

Customer intent is a treasure trove of actionable data hiding in plain sight

1 to 1

According to IDC analysts, businesses were estimated to have spent $215 billion in 2021 on big data and business analytics solutions, a 10% increase over 2020. Apparel companies Stitch Fix and ThirdLove are two examples of companies that tout their use of data analytics and artificial intelligence in their services.

Data 29
article thumbnail

Getting Your Deal Done

Martinka Consulting

Have a strong balance sheet. For example, a client of mine had, over three years, four expense items I determined were owner compensation (officer salary, owner salary, management wage, and shareholder wages). As I write this it’s early 2021 so don’t forget the Covid non-financial factors.

article thumbnail

We Need to Approach AI Risks Like We Do Natural Disasters

Harvard Business

Managers have to figure out their higher and lower risk intelligent device vulnerabilities, add in redundant systems, and potentially set up the AI equivalent of tsunami early-warning systems. As a result, no company will be able to recover on its own.