Welcome Back, Hero!

Without ROI, research cannot be broadened in our data initiatives. Today let’s talk about this.

How to Leverage Data, Products & AI for Your Business 🏢

5 Steps to quantifying the ROI for data-driven initiatives

1 — Tie data initiatives to concrete KPIs like

- revenue growth
- cost savings
- customer retention

2 — Measure performance before data implementation and showcase the improvement.

→ Hard data speaks volumes.

3 — Assign dollar values to the benefits brought by data insights – making the ROI crystal clear.

4 — Highlight how data-driven decisions refined strategies, leading to more efficient operations.

5 — Demonstrate how data initiatives can scale, creating a ripple effect of increased ROI across the business. 📈 

PS → With a proven 5-step approach, 📌 we
- track metrics
- compare progress
- monetize benefits
- embrace feedback
- showcase scalability

Need help with AI-Powered Data Engg Solutions, Data Strategy, and Roadmap? → FREE consultation with roadmap, analysis, and data strategy.

Top 2 AI News and Development 📰

1 → KFC and Williams-Sonoma execs are talking about AI

• Companies are even adding AI to their name

• AI technology goes well beyond generative tools like ChatGPT or the Dall-E image generator

2 → Meta’s Llama2 - Large Language Model

• open source, free for research and commercial use

• Llama 2 was pre-trained on publicly available online data sources. The fine-tuned model, Llama-2-chat, leverages publicly available instruction datasets and over 1 million human annotations.

1 Action Tip from Data Experts for Leaders 🎬

Are you Establishing Clear Baselines for Data ROI?

Before diving into data initiatives, define precise baseline metrics to measure against.

This sharpens ROI evaluation and guides AI decisions toward tangible gains.

→ Identify Key Metrics
→ Collect Historical Data
→ Set Performance Benchmarks
→ Document Current Processes
→ Use Comparable Timeframes

All the best!

Investments in AI💲

HuggingFace → $4.5bn valuation
Hugging Face raises $235m at $4.5bn valuation

SizzleAI → Sizzle AI just raised $7.5 million in seed funding.

For Developers 🧑‍💻

Grit.io is an automated tool that simplifies code migrations and dependency upgrades

Career & Job in the AI field🚀

Sr Principal Machine Learning Engineer (AI, NLP, LLM, Generative AI)

Generative AI Software Developer (Remote within Canada)

Community & Connections🚀

Join 20,000+ data professionals on LinkedIn → Himanshu Ramchandani

GitHub and Resources

Free Data Stuff

Until next Week!

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