It’s a cliché that data is the oil of the information age, but it highlights the importance of data to the digital economy. Unlike oil, data is an infinite resource. In fact, it comes in such abundance that it is harder to refine than its industrial age counterpart.
One of the key challenges for enterprises is to put their data to good use. This means defining, measuring and analyzing the right parameters. It means turning data into a competitive advantage, into smoother and leaner processes, and better products and services – which drive market value just as much as customer satisfaction and, ideally, use fewer limited resources.
Ulrike Hoffmann-Burchardi, Senior Portfolio Manager and Partner at Tudor Investment, took a deep-dive into how data, AI and automation are key shapers of the enterprise of the future with Ali Ghodsi, Co-Founder and CEO of Databricks – a unified platform for massive-scale data engineering, collaborative data science, full-lifecycle machine learning and business analytics with a customer base of more than six thousand organizations worldwide.