DataDriven

A Venture Capital StudyOverview of the most innovative approaches towards sourcing, evaluation, and supporting investments + 263 sources (articles, podcasts, videos, etc.) for further learningFor an industry which is supposed to be at the forefront of innovation, it’s shocking how outdated, or rather broken, venture capital really is.It’s almost 2020, and it’s still (mostly) the same biased guys investing in their nearby living friends solving imaginary problems, basing their investment decisions on crystal ball called…

Data-Driven Decision Making often provides a perfect answer to the “Wrong Question”.Photo by Claudio Schwarz on UnsplashNowadays, it is hard to find any firm that does not put “Data-Driven Decisions Making” (DDDM in short) on the top of their strategy list. Companies have more data than ever, and their natural incentive is to find out how they can create value out of this data. However, according to the report¹ (survey of 190 executives across various industries in the U.S.):Only 32% of companies reported being able to…

Understand how Causal AI frameworks and algorithms support decision making tasks like estimating the impact of interventions, counterfactual reasoning and repurposing previously gained knowledge on other domains.Source: https://pixabay.com/illustrations/ai-artificial-intelligence-sci-fi-7111802/AI and Machine Learning solutions have made rapid strides in the last decade and they are being increasingly relied upon to generate predictions based on historical data. However they fall short of expectations when it comes to…

Photo by fabio on UnsplashEvery minute, 69 million Messenger and WhatsApp messages, almost 700 thousand Instagram stories, and 500 hours of YouTube videos are streamed, shared, and uploaded on the internet, according to Statista. As we generate and consume more and more data, leaders of all industries seek answers to their business challenges in data science.But promising as it may be, data science is not always guaranteed to be the perfect solution. For example, 85% of AI projects fail, mostly due to miscalculated…

A dead-simple 3-step blueprint for start-ups to get data-driven right through the data meshThe 3-step blueprint for becoming a data meshed data-driven start-up. Image by Author.The word “data mesh” is the top trend inside the data industry. Common wisdom currently seems to be that it’s something for big companies.But that’s wrong IMHO. Even better, start-ups have the unique chance to leverage the data mesh from the very beginning of their existence to become more data-driven than any single incumbent in their market. The…