Companies across industries, as well as governments, are increasingly realising that AI, the simulation of human intelligence processes by machines, is fundamental to their future success.
“For many years companies have had the capability to collect massive amounts of data from their day-to-day operations. With access to ever advancing AI capability, companies are increasingly able to use this data to solve business problems and create competitive advantage,” explains Martinez Camus, IMD MBA 2018.
However, many companies have been held back by limited access to the talent required to develop the AI they need internally. DataRobot, whose clients include a third of the Fortune 50, prides itself on democratizing AI by taking the complex, time consuming task of analyzing numerous machine learning algorithms to generate, employ and build custom-made predictive models by automating it. This platform not only augments data science and data engineering capabilities by improving data scientists’ productivity by five times, but also enables business analysts with no code background to build highly automated machine learning models.
“We enable ‘citizen data scientists’, which can be anyone in an organisation with a quantitative background, to use our platform to create value from their data,” explains Martinez Camus.
An important part of his role is to assist DataRobot’s clients with the development and implementation of their AI strategies and to develop new AI use cases.
“The importance of AI in all companies may be not critical now, but in five to ten years it will be a commonplace. All decisions in any value chain will be impacted by AI solutions. It’s no longer a case of AI coming, AI is already here. Companies that aren’t putting their data to work are falling behind and losing out to new and existing competitors,” explains Martinez Camus.
Martinez Camus explains that it is not just companies but also countries that will either benefit from being an AI first mover, or risk falling further behind by not giving it the attention it deserves.
“Some governments are taking AI very seriously. In Saudi Arabia, for example, they have Saudi Vision 2030, an plan to build a digitally-led economy. For them, AI is their number one priority,” he says.
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