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The a16z Show

a16z Podcast: On Data and Data Scientists in the Age of AI

The a16z Show

a16z

Innovation, Software Eating The World, Disruption, Technology, Entrepreneurship, Culture, Science, Business

4.21.2K Ratings

🗓️ 5 December 2017

⏱️ 10 minutes

🧾️ Download transcript

Summary

Data, data, everywhere, nor any drop to drink. Or so would say Coleridge, if he were a big company CEO trying to use A.I. today -- because even when you have a ton of data, there's not always enough signal to get anything meaningful from AI. Why? Be...

Transcript

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0:00.0

Hi everyone, welcome to the A6 and Z podcast. Today's episode, continuing our series on translating

0:06.0

AI into practice, is one of our shorter bytes based on a panel discussion that took place

0:11.1

at our recent annual A6&Z summit event just last month. Operating partner Frank Chen, who put out a

0:17.2

microsite on getting started with AI earlier this year, talks with Janstoyka, co-founder of Databricks,

0:22.6

and Scott Clark, co-founder of Sigopt,

0:25.6

and both have been on this podcast if you want to hear more from them in other episodes,

0:28.6

about the cold start problem for companies getting started with AI,

0:32.6

especially focusing on the role of data scientists and domain experts in this context.

0:39.4

You guys now, between the two of you, have now sort of been with the customer on their journeys

0:44.5

from sort of day one until they have models in production. And so what advice do you have

0:49.6

for people who aren't Google, Amazon, Facebook, Apple to realize machine learning? What do they need

0:53.8

to do on day one?

0:55.0

I have many enterprise companies, and out of them, over 70% actually they have AI projects.

1:01.0

And what we see actually, if you take the step back, there are three stages.

1:06.0

The first stage is to make sure that you have the data.

1:10.0

Many times this takes more than actually

1:12.7

building the machine learning or AI model. The second thing is about once you have the data

1:19.1

to become, so to speak, to operationalize this, to become a data-driven company, to figure

1:24.2

out what are the KP, the key performance indicators which are going to be driving

1:30.2

your business. You need to take these KPI based on the data and operationalize, meaning to have

1:35.9

reports, dashboard, and so forth. And now, once you have this, then you are going to start and

1:41.7

use machine learning and AI to improve these KPIs.

...

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