AI has Gone Viral, Filling the Skills Gap
January 4, 2024
© 2023 DataPrime – Confidential
© 2023 DataPrime – Confidential
© 2023 DataPrime – Confidential
What Are We Doing?
The World of data and AI
�Data Literacy & AI
�Closing the Skills Gap
© 2023 DataPrime – Confidential
The World of Data�An Evolving Landscape
© 2023 DataPrime – Confidential
180,000,000,000,000,000,000,000
The annual datasphere by 2025
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The Evolving World of Data
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The Data Driven Train – The Purpose of Data
DATA
ANALYTICS
Descriptive
Diagnostic
Predictive
Prescriptive
INSIGHT
DECISION
© 2023 DataPrime – Confidential
9
Let’s See Some Numbers
85%
87%
20%
11%
According to Gartner, 85% of big data projects fail
According to VentureBeat, 87% of Data Science Projects never make it to production
According to Gartner, 20% of analytic insights will deliver business outcomes
According to Qlik, 11% of employees are full confident in their ability to read, work with, analyze, and communicate with data
85%
According to Pactera Technologies, 85% of AI projects fail to deliver on their intended promises to businesses
85%
According to Gartner, 85% of machine learning projects fail
The combination of business and data
© 2023 DataPrime – Confidential
10
Organizational Readiness and Maturity
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The Four Levels of Analytics
Descriptive
Diagnostic
Predictive
Prescriptive
Observational Analytics
Insight Level
Let the Machine Talk
Let’s Fortune Tell
© 2023 DataPrime – Confidential
�Data & AI�Literacy
© 2023 DataPrime – Confidential
Roles and Support
Business
Data Analyst
Data Scientist
Data Engineer
Data Consumer
AI/ML Engineer
BI Specialist
Data Viz Specialist
CDO
Human Resources
Operations Management
IT Department
Marketing Department
Sales
Accounting & Finance
© 2023 DataPrime – Confidential
Benefits of Data & AI Literacy
Business
Data Analyst
Data Scientist
Data Engineer
Data Consumer
AI/ML Engineer
BI Specialist
Data Viz Specialist
CDO
Support
Decision Making
The Four Levels of Analytics
Automation
Efficiency & Effectiveness
Competitive Advantage
© 2023 DataPrime – Confidential
�Closing the Skills Gap
© 2023 DataPrime – Confidential
Ongoing Skill Enhancement & Understanding
Change and Adaptability
Understanding of Business Principles
Communication
Interpersonal Skills
Seek Mentoring and Guidance
Personal Pillars
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Vision and Strategy
Assessment
Communication Plan
Feedback
Performance, Adoption, and Change Measurement
Documentation and Standardization
Change Agents or Champions
Long lasting change and success…
Change Management – Create Your Playbook
© 2023 DataPrime – Confidential
The Four Rights of Data
The RIGHTS of Data
© 2023 DataPrime – Confidential
Mindset plays a key role to empowering an individual, unit, and organization to seize the opportunity that data and AI present…develop the right mindset.
The Power of Mindset
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For AI success, the majority of people need to improve question asking….
- Clear
- Concise
- Context
- Creative
The Power of Questions
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Become Data-Driven – Set Your Plan
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Resources
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THANK YOU!
© 2023 DataPrime – Confidential