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From BI to AI with Nick Magnuson, Head of AI at Qlik

RIchie and Nick explore what Qlik offers, including products like Sense and Staige, use cases of generative AI, advice on data privacy and security when using AI, data quality and its effect on the success of AI tools, how data roles are changing, and much more.
· 43 min läs
Nick Magnuson

Gäst

Nick Magnuson

Nick Magnuson is the Head of AI at Qlik, executing the organization’s AI strategy, solution development, and innovation. Prior to Qlik, Nick was the CEO of Big Squid, which was acquired by Qlik in 2021. Nick has previously held executive roles in customer success, product, and engineering in the field of machine learning and predictive analytics. As a practitioner in this field for over 20 years, Nick has published original research in these areas, as well as cognitive bias and other quantitative topics. He has also served as an advisor to other analytics platforms and start-ups. A long-time investment professional, Nick continues to hold his Chartered Financial Analyst designation and is a past member of the Chicago Quantitative Alliance and Society of Quantitative Analysts.

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

The intersection of structured and unstructured data, to me, is really interesting. We're doing some very, I think, innovative and interesting things in there to help try and exploit the opportunities that those two seemingly isolated sets of data can provide. Foundational models are at the heart of that. Generative AI is at the heart of that.

For me, AI is a portfolio play, 100%. And when I say portfolio play, I mean, it's you're not doing one or the other, you're doing both. Like the way to get scale out of AI is to have a portfolio solutions that you can leverage across different personas within your organization, across different contexts. And so it's a portfolio. So in-house use cases depending on the organization, depending on how sparse those resources are. Some organizations don't even have data science teams, and that's fine. That's just a recognition that you're going to be looking at other solutions. So in-house use cases, again, depending on the resource availability, my recommendation would be to focus on things that require a level of customization, a level of specificity in the inputs that only those very talented individuals would be able to affect. And then for use cases that are the very core to the business, so to speak, that require a level of precision in their implementation and where the risks are potentially quite large if you don't get it just right. That to me is like, you wanna be hands-on, you wanna be very, very specific in the delivery of that.

Key Takeaways

  1. Prioritize the collection, standardization, and cleansing of a wide variety of data to fuel AI models, as data quality directly impacts the efficacy and reliability of AI outcomes.

  2. Avoid reliance on a single AI technology or application; instead, deploy a diverse set of AI tools and strategies across different business functions to maximize benefits and mitigate risks.

  3. Establish clear governance frameworks to ensure ethical use and security of AI technologies while empowering teams across the organization to innovate and apply AI to their specific areas of expertise.

Transkript

Richie Cotton: Welcome to DataFramed. This is Richie. Generative AI is invading everything, and I'm sure it's no surprise that that includes business intelligence platforms. Today we're going to discuss this marriage of AI and BI, and how you might make use of it at your organization. There are lots of subtleties in this, from how you develop an AI strategy, To how you deal with data quality and which use cases you ought to prioritize.

Today, we're going to figure out the answers to these problems. And our guest sits conveniently right at the intersection of AI and BI. Nick Magnusson is the head of AI at the BI company, Qlik. He was previously CEO at machine learning platform, Big Squid, and the founder of a quantitative investment firm.

Since we're combining both AI and BI in a two for one deal, I'm keen to get started and hear Nick's ideas.

Hi, Nick. Welcome to the show.

Nick Magnuson: Thanks, Richie.

Richie Cotton: So I'd love to dive straight in and talk about what's going on. Qlik. So I think QlikSense is perhaps your most famous product. This is your business intelligence platform. So, since there are a lot of BI platforms around at the moment. So can you tell me what's special about Sense?

Nick Magnuson: Yeah, Sense is sort of our core product. actually, Richie, this is the 30 year mark on Qlik's anniversary. So we're celebrating the long history of in the analytics and data space. Sense is you know, a product that enables people to get insight out of th

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