The value of AI is the promise of AI improving your everyday work life, and hopefully improving your everyday social life. AI walks the tight rope of enabling and taking away work-life balance. The current driving force for applying Artificial Intelligence solutions, i.e. current AI value propositions – tend to solely focus on the optimization of business functions. How do I either maximize revenue or reduce costs? Or manipulate some factor or indicator that influences either one of those things? The primary driving force is an optimization function that builds upon business objectives.
Is your organization data-driven? Then you have probably wrestled with the issue of creating a data-driven culture. Having a data-driven culture means that data is the fundamental building block of your team. It means that every team member has a data-driven mindset. It means that every single decision maker uses data as their main evaluation asset. It means that every project uses, generates and pivots on data. It means that your team is constantly leveraging data as a strategic asset. But how do you get there?
Everyone wants to be innovative. Innovation refers to the successful conversion of concepts and knowledge into new products, services, or processes that delivers new value to society or the marketplace. Most of the project management professionals have no idea how to systematically foster innovation or make it an integral part of the DNA of their projects. As a project manager, you have to actively solicit ideas that add value throughout the project lifecycle in order to ensure that the desired innovative result is achieved. Let’s start with the fundamentals.
As a leader, today, both Technical Intelligence and Emotional Intelligence, often referred to as Emotional Intelligence Quotient or EQ are essential skills for long-term career success. The importance of EQ for the modern day leader cannot be underestimated. It is one of the fundamental pillars upon which your leadership is built on. If you recognize that a higher EQ would be beneficial for you, your team, and your organization, then today is the day to take those critical first steps in improving it. Enjoy the journey. The destination is far less exciting.
The proper use of data can make you and your organization very successful. Being aware of the areas that need to be improved and the areas that your customers love is a good thing. If you ignore the signal in your data, you risk seeing your operations and your products wither away before your eyes. Data can be your ally and it is now widely recognized as the most important asset that any organization, public or private, possesses. However, we need more leaders with the ability to shepherd the good and virtuous process of executing on a data mission.
Everyone that talks about scaling should understand that they are referring to the ability of their work – whether a system, a tool or some other innovation – to cope and perform under an increased or expanded workload. Something that scales well will be able to maintain, or even increase, its performance or efficiency when tested by larger operational demands. How do I increase the impact of my work? There are typically five steps needed to scale one’s work.
Competence refers to having sufficient skill, knowledge, and experience to perform the job, i.e. being properly qualified. The common set of skills that are required to be a Chief Data Executive include knowledge of the business and mission, knowledge of computer science, data science, or both, and knowledge of product definition and delivery. A competent Chief Data Executive is a rare mix of technical guru, businessperson, marketer, and adept executive leader — someone able to communicate in all spheres and that can easily translate between each.