Harnessing AI With Data, Innovation, and Regulation
As artificial intelligence reshapes industries, its potential rests not only on powerful algorithms but on the quality of the data we feed it and a clear understanding of regulatory impacts. In this talk, we'll explore practical suggestions for harnessing data from the perspective of both the public and private sector, addressing data transparency and data sovereignty, respectively. We will also cover trending AI use cases and discuss the potential impact of upcoming regulation. Join me for a 30-minute exploration of actionable insights and inspiring possibilities. Let's spark ideas on how AI can drive meaningful impact in your organization.
AI projects don’t fail as often as people tend to claim, says Phil Winder, CEO of Winder AI. Based on his experience and surveys, over 70% of companies report that they use artificial intelligence. In his talk, he summarized why data is decisive, which use cases make sense, and what regulation brings. AI success rests on representative and clean data: free of errors, corruption, and nonsensical values. Developers spend most of their time sourcing, moving, and managing data, not training models. Investment in data management and quality management therefore pays off sooner than the chase for a “magical” algorithm. Moreover, if you can’t say where your data is and how it’s used, you’ll run into compliance issues. Transparency increases trust and enables better decision-making. Winder showed a map of average earnings in England and Wales and then the same picture after taking housing costs into account – the north–south divide was rearranged and new regions emerged that would deserve support. With the Corruption Perceptions Index from Transparency International, he pointed out that looking at rankings and error bars changes the interpretation of trends. Open data thus makes it possible to create useful derivatives from which citizens, business, and politicians can benefit.Why Data Determines Outcomes