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Overcoming Data Collection Challenges in Consulting

Tom Spencer

This may be because the client doesn’t have the data or doesn’t have the time to collect it. Since data collection can be focused on one or two pieces of information, data collection from third party sources is often much simpler. However, the key challenge with this option is identifying the right sources of information.

Data 78
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Leveraging Artificial Intelligence in Finance

Tom Spencer

Enhanced Data Collection and Analysis Traditionally, finance professionals have relied on a multitude of sources for market news including economic reports, company updates, earnings reports, and management presentations. NLP is revolutionizing this process by streamlining data collection and analysis.

Finance 78
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Solving Problems with the Hypothesis-based Approach

Tom Spencer

The investigative approach generally involves: Collecting and analyzing data Understanding key issues Identifying and developing solutions In contrast, the hypothesis-based approach to problem solving is appropriate where the opportunity is unstructured and unique and does not have an obvious solution.

Data 78
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Governance: Transforming Organizational Culture

Tom Spencer

In the realm of business, the term “ governance ” conjures images of stale bureaucracy, mundane meetings, and rigid roles. As organizations embark on the journey of reforming their governance structures, it is crucial to approach this process with a clear commitment to shaping the collective psychology of the organization.

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Understanding Your Target Market: Discovery Calls

Tom Spencer

The collected information is then taken into product development meetings, focusing all future engineering efforts on addressing the customer pain points in a way that can be monetized. Make the call enjoyable Discovery calls are not just about collecting data, but also about getting genuine feedback while building relationships.

Marketing 166
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Leveling Up: Consulting Skills for an AI-Powered World

Tom Spencer

Since AI systems can perform much of the data collection and analysis, consultants must bring higher level skills to the table, such as interpretation, effective problem solving, and clear communication. Image: Pexels The post Leveling Up: Consulting Skills for an AI-Powered World first appeared on Tom Spencer.

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Big Data: An Opportunity for Data Scientists & Data Analysts

Tom Spencer

It refers to a collection of disciplines required to collect, store, analyze, and use big data: Mathematics, Statistics, Computer Science, Information Science, Machine Learning, and Artificial Intelligence. Image: Pexels The post Big Data: An Opportunity for Data Scientists & Data Analysts first appeared on Tom Spencer.

Data 88