Importance of Data Science for Business Growth
Tech Deep Dives are best suited to our more technically advanced members. This session will look at the Importance of Data Science for Business Growth and will be delivered by our member organisation, ACI Worldwide.
In recent years data has become one of the most valuable assets a company can have. Data can give you the competitive advantage, it can help you better understand your customers, identify business opportunities, optimize your products, and increase revenue or reduce losses.
However, the value of that data will depend on how accurate it is, how well is understood and how can it be processed and translated into actionable insights. Big Data introduces new opportunities but also brings new levels of complexity and risks. While high-quality data can help your business make better data-driven decisions, low-quality data will have the opposite effect and will lead to misinformed decision making that can hurt your business resulting in profit loss or reputational damage.
Data Science is a fundamental component to ensure the accuracy of data-driven decisions process as part of the overall business strategy.
Objectives
Data Science for business decision-making
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Understand the risks of incorrect data-driven decisions.
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Asking the right questions
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Ethical AI and best practice
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Process Optimization
Target audience:
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Data Scientists
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Data Analyst and Business Analysts
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Researchers
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Managers, Business Leaders and Decision Makers for small, medium and large business.
This masterclass is part of our ‘Technical Deep Dive Masterclass’ series delivered by our member organisations on a monthly basis. If you or your organisation would like to run your own masterclass for the benefit of our community, please get in touch.
