Ga naar hoofdinhoud

Harnessing the Power of Now With Real-Time Analytics with Zuzanna Stamirowska & Hélène Stanway

Richie, Zuzanna and Hélène explore real-time analytics, the benefits of adopting real-time analytics, the key roles and stakeholders you need to make that happen, strategies for effective adoption, the real-time of the future, and much more.
· 53 min lezen
Zuzanna Stamirowska

Gast

Zuzanna Stamirowska

Zuzanna Stamirowska is the CEO of Pathway.com - the fastest data processing engine on the market which makes real-time intelligence possible. Zuzanna is also the author of the state-of-the-art forecasting model for maritime trade published by the National Academy of Sciences of the USA. While working on this project she saw that the digitization of traditional industries was slowed down by the lack of a software infrastructure capable of doing automated reasoning on top of data streams, in real time. This was the spark to launch Pathway. She holds a Master’s degree in Economics and Public Policy from Sciences Po, Ecole Polytechnique, and ENSAE, as well as a PhD in Complexity Science..

Hélène Stanway

Gast

Hélène Stanway

Hélène Stanway is Independent Advisor & Consultant at HMLS Consulting Ltd. Hélène is an award-winning and highly effective insurance leader with a proven track record in emerging technologies, innovation, operations, data, change, and digital transformation. Her passion for actively combining the human element, design, and innovation alongside technology has enabled companies in the global insurance market to embrace change by achieving their desired strategic goals, improving processes, increasing efficiency, and deploying relevant tools. With a special passion for IoT and Sensor Technology, Hélène is a perpetual learner, driven to help delegates succeed. 

Richie Cotton

Host

Richie Cotton

Richie helps individuals and organizations get better at using data and AI. He's been a data scientist since before it was called data science, and has written two books and created many DataCamp courses on the subject. He is a host of the DataFramed podcast, and runs DataCamp's webinar program.

Chat with AI Richie about every episode of DataFramed - all data champs welcome!

Key Quotes

How fast can a human make a decision, right? Treue real-time analytics allow all the human operators and systems to be reactive to change, while still collecting all the data and actually processing it in such a way that it's not for reporting, it's actually for operational decisions being made.

I'm extremely excited about the potential of live AI. Being able to actually act and have AI systems operating on fresh facts, like humans do, is going to be an enormous breakthrough. 

Key Takeaways

  1. The definition of “real-time” varies across sectors; milliseconds matter in Formula 1, while seconds suffice in logistics. Align your analytics latency with your industry’s specific requirements.

  2. Successful real-time analytics projects require collaboration among business units, data scientists, and engineers. Establish teams that bridge technical and business domains to ensure project alignment with organizational goals.

  3. Encourage teams to act on insights by presenting data in accessible formats, such as alerts over complex dashboards, to facilitate quick decision-making.

Transcript

Richie Cotton: Hi there, Helene and Zuzanna. Welcome to the show.

Helene: Great to be here.

Zuzanna: Hello.

Richie Cotton: To begin with, I'm never quite sure how fast Real time analytics is supposed to be, does it mean instantaneous or is it something else? So, can you just tell me, like, what does real time analytics mean to you? Zuzanna, do you want to go first?

Zuzanna: So real time analytics. It can mean different things depending on the industry. So of course we can talk about the real time when we're talking about a couple of milliseconds. So it's sort of very critical use cases. Like imagine in Formula One you don't want your engine to just explode during the race.

So you should be able to process all the data and actually get an alert that, okay, something is going wrong, as soon as possible. So here we're talking about milliseconds, but very often people who really care about this level of latency they would go as deep as the hardware to actually optimize for latency, and there are those cases.

But then actually we, many more cases, what we see is, let's say, sub second latency. Or even, you know, it may mean for some people mean second, but we're moving more towards just analytics being operational. So like how fast can a human make a decision, right? For example , this is something that allows all the human operators and systems to be reactive to change, still collect all the data and actually process it in such a way that it's not for reporting and

Onderwerpen

Gerelateerd

101 DataFramed George Trujillo.png

podcast

How Real Time Data Accelerates Business Outcomes