Datashift Strategy

🔍 How GenAI Empowers Knowledge Workers A recent study by Boston Consulting Group (BCG) highlights the dual role of Generative AI (GenAI) in enhancing productivity among knowledge workers. While it significantly improves performance on straightforward tasks—such as data analysis and report generation—it also reveals that over-reliance can undermine effectiveness in more complex, nuanced activities. The study surveyed 480 consultants across various industries, uncovering essential insights into how GenAI interacts with diverse skill levels. It suggests that while less experienced workers may benefit greatly from automation and support, seasoned professionals might struggle with dependency on these tools for critical thinking and problem-solving tasks. To harness GenAI's full potential, organizations must strike a balance: leveraging its capabilities for efficiency while encouraging human expertise to address intricate challenges effectively. This approach ensures optimal outcomes in an increasingly digital workplace. #GenerativeAI #DataStrategy #Datashift

Recognize this? Rogue data sets propagate in silos, data breaches left and right, and the tech & infra stack can’t keep up with demand. We hope not, but in case you do there's work on the (data) defense side...🛡Data defense is about minimizing downside risk. Things like theft prevention, fraud prevention, ensuring compliance, but also operational risks like “single source of truth”. On the other hand, data offense is about maximizing upsides.⚔ Typically, increasing revenue, operational efficiency, and customer satisfaction. Such offense starts with building a modern data platform used by AI initiatives to keep your organization in the lead. Whether defensive or offensive, your efforts should be aligned with your business strategy.🐻🐂 This starts with a good data strategy to make sure you focus on what is most important. #DatashiftStrategy #DataStrategy

In 2023, more than half of Fortune 500 companies highlighted AI as a potential risk in their annual reports, a sharp rise compared to only 9% in 2022. This year, Fortune 500 companies have highlighted AI-related risks in their annual financial reports, including heightened competition, as boardrooms worry about falling behind rivals more adept at leveraging the technology. Additionally, concerns were raised about reputational and operational challenges, particularly in relation to ethical issues like AI's impact on human rights, employment, and privacy. Legal, regulatory, and cybersecurity risks associated with AI were also frequently mentioned. Datashift Strategy can help set up an AI risk management framework, apply it to specific high-risk use cases and set up the roadmap & workstreams to enable your organization to manage AI risk effectively. Contact us for more information. #AIrisk #RiskManagement

Join Datashift as a data strategy consultant, you won't regret it! At Datashift, we believe in the power of data science, analytics and artificial intelligence to solve the complex challenges in today's industries. We advise our clients based on actionable insights that drive decision-making and sustainable business value creation. As a data strategy consultant, you will play a crucial role in developing strategies for business growth through analytics for our clients.

CDOs Can Create Value by Assuming responsibility for analytics and AI. A majority of CDOs are also spending their time on enabling new business initiatives based on data, analytics, or AI. That makes them — either officially or unofficially — chief data and analytics officers, which is a fast-growing variant of the CDO title. We believe an excellent connection between the AI & analytics cases and “data foundations” is key in making the data organisation work. Want to see how we can assist your business? take a look at our website. #CDO #ChiefDataOfficers #AIusecases

We believe, setting the right direction to start is more crucial than building the perfect strategy upfront. Especially in a fast moving data and AI landscape. Need help in finding direction? Do not hesitate to reach out. #DataStrategy #AIStrategy

We help you target the right topics. Operating without a data strategy is like sailing without a compass. A well-defined data strategy is your North Star, guiding your organization to harness the power of data for achieving business excellence, driving growth and gaining a competitive advantage. Looking for organisational guidance? Do not hesitate to contact us. #DataStrategy #AIStrategy

The McKinsey paper “creating value from next-generation real-world evidence” does an excellent job in creating an overview of the capabilities needed to go from data to value. Very relevant if you’re active in the pharma industry and beyond: relevant to think through how the capability stack looks for your industry. You can find a link to the complete paper in the comments. Want to know more on how we want to leverage data and AI for your business success? Contact us through our website.

The Harvard Business Review presents "8 Strategies for Chief Data Officers to Create – and Demonstrate - Value". Great piece with many insights, link in the comments, complemented with our view: 🔴 Assume responsibility for analytics & AI, and become a Chief Data & AI Officer. An excellent connection between the AI & analytics cases and “data foundations” is key in making the data organisation work. 🔴 Focus on a few projects of value: better take on 2-3 high use cases with a focus on value and speed than diluting your focus across too many projects. 🔴 Establish data product thinking: data products are a powerful concept, but it’s a journey. Key is to proof value in MVPs / prototypes (not technical POCs!) first, and scale based on the learnings; avoid the pitfall of building first and worrying how business will use it later. #ChiefDataOfficer #ValueCreation #ValueThroughData

If you are looking for an excellent working knowledge of Generative AI, we recommend the BCG paper “The CEO’s roadmap on Generative AI”. Written more than a year ago, which feels like eternity in the GenAI field, but still highly relevant. The paper covers the potential GenAI bringes, the impact it has on the workforce and which risks to manage. Want to know more on how we want to leverage data and AI for your business success? Visit our website at www.datashift.eu/strategy