If you are clear about your business objectives, you can find data to support them, says TetraNoodle's Founder Manuj Aggarwal

Manuj Aggarwal, Founder at TetraNoodle Technologies, takes us through the potential of AI and big data of becoming a complete game-changer for businesses today. Read on to find out how businesses can leverage these technological innovations to fuel their growth.

Bitcoin and Ethereum are controlling trillions of dollars of transactions every day. It is as ready as it can be right now.

MEDIA 7: You have spent 25 years working with startups and Fortune 500 companies, while mastering the art of using applied Psychology with AI to help businesses grow. How do you use Human Psychology with AI in your technology stack to successfully achieve this?
MANUJ AGGARWAL:
You know business is all about humans, right? As a business, we manufacture something, whether it's a product or service. Then, the team or the employees of the company, or the salespeople go out there in the market and sell it to the customer. Business is all about human interactions. The trick is, if a seller and buyer can understand each other better in aspects like: what are people demanding and what do I have, what are their hopes, dreams, objections, etc. - then the buyer can really be effective in whatever he is trying to do or sell. In addition, salespeople who can listen to other people and sell better and people in operations who can really understand the needs of their teams can make their teams more efficient. These are things that we inherently understand in our minds, but when you add data into the mix, it is very easy to figure out the objective reality.

For instance, we have a product - a new design of a shirt. We may think that the color pink looks really good, right? That is our perspective. But if you collect data from the consumer by asking a hundred people, “Hey, do you like this color?” and there is, say, 56 people out of a hundred pick orange, we can know that pink is probably not the right choice. So, now, you can see that as we collect data, we can figure out what exactly people's preferences are and then act accordingly. But this is a very simple data set. Markets are a very complicated dynamic. There are many players and data points interacting with each other to figure out the objective reality. Let's say that you want to predict weather patterns. You need to take into account a lot of factors such as wind speeds, seasons, etc. When you put so many data points together, it is not easy for our human minds to analyze that based on a factor, something happened.

That is where Artificial Intelligence comes in, where it can actually take multiple parameters and then put it all together. So somebody who wants to understand what the target audience wants and utilizes AI, it makes it a lot easier to figure it out. You can see its use on social media platforms such as Facebook, which uses Artificial Intelligence to figure out what you are interested in. Based on the likes that you put in, it feeds you with similar content and so the result of that is that you look at the world in that way and believe that this is the ultimate truth. In the past few years, you have seen even political decisions have been altered based on the output of Artificial Intelligence. So now you can see how human psychology and Artificial Intelligence are already playing together.


M7: There's a lot of excitement about AI and big data in the market right now. According to you, how do you see it as a complete game-changer for businesses today and in the near future?
MA:
When a revolutionary technology comes on the scene, the long-term impact cannot be seen so far ahead, right. But here are a few analogies I use - when the industrial revolution started and before the steam engine was invented, 99% of the population used to work in the fields just to make sure that they had food on the table. They could not take time off or anything like that. But when machines came, then we could use our hands and legs to do whatever else because the machines are doing the heavy lifting. So then after that, we started having weekends, enjoying music, creating things, and all that. Now, with Artificial Intelligence, our minds will be free to do whatever we want because the mundane things will be taken over. So, it's that kind of radical shift.

We are already seeing the impact of such with self-driving cars, for example. A lot of medical diagnosis is also being done by AI. If you look around, from the start of the day, till the end of the day, you may be interacting with AI through at least 15 different points. So, the jobs which need repetition will be eliminated or replaced by computers because it's a simple pattern recognition or repetition. But the thing is that when these radical shifts happen, people who adapt to the changing environment, they can find new opportunities. As an example, back in 2005, nobody had heard of anything called smartphones. But people who recognized the opportunity made a lot of money. So, if people recognize this as a new opportunity, they will be able to find new ways of using it and people who don't use it, because they are scared of something, will miss out on those opportunities.

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M7: At this rate, do you think AI can replace humans and workforces in the near future?
MA:
Yes, it's already replacing it! Think about driving a car now. I took maybe two months to learn how to drive a car.  And even then, I was not perfect at it. Those two months have now been replaced by a chip. You don't need to do anything. So, is it not replacing humans? If intelligent people can take two months to learn how to drive and that has been replaced by a simple chip, it's already replacing the human race.


Entrepreneurship is not easy and if you don't have any interest in it, you're going to give up.



M7: Talking about AI and big data, what are some of the best ways businesses can leverage the potential and the power of these two to help them grow and expand in the current marketplace?
MA:
What I say to people is that it is not about how people can utilize data, but you need to ask what is the main problem you are trying to solve and then work backward from there. Say, I want to sell a lot of shirts - that is my objective. Now I need to use data to find out which design I should be selling so that I can sell the most. So, I start by collecting data about shirts. You see, it doesn't work forwards. It needs to work backward. The idea is that if you have clarity on your business objectives, then you can find data to support them. That data can reside inside your organization or outside of your organization. It could be census data, could be data from advertising, different platforms, and others.

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M7: It's like working backward to build a supply chain or a manufacturing process to achieve desired outcomes. At TetraNoodle Technologies, how do you help businesses achieve this by using actionable insights to help them grow?
MA:
There is an overall strategy that we use. When somebody comes to us with an objective, and in some cases, they aren’t sure of what they want, we start with first identifying what kind of problems they have. Say, someone wants to disrupt the education sector. That's very broad, right? Sometimes someone might say, “When I was growing up, I hated exams. I didn't like exams so maybe you can do something about exams.” What we do is that, we narrow it down and then we come to a point where we know that this is the objective that they want to achieve now. And when we try to do something, we all know that we need to try different methods to achieve something new. So if something has already been done successfully, then obviously, there is no problem. But people don't come to us for things which have already been done, but when they want to innovate, or do something new. In this case, we have to come up with several hypotheses of what will work.

Going back to my previous example, there could be millions of colors that we can study in the market, but that is not feasible. Say, we pick five - green, white, orange, pink, and blue. Now we can take these five and then test it and see what works. If the orange one wins, we know this is the right choice. We do that for every component of the system. Let's say, somebody wants to build an app. We create different hypotheses and we test them, and then we proceed to implement the solution. We decide the timeline and how long it will take to first understand the market - what are the needs and the gaps - and then come across and create a strategy accordingly.  In case you want to build one bedroom. That may take two months. But if you want to build a 10-story building, that may take one year. So, when we work with startups, their cases are simple, but when we work with fortune 500 companies, their cases are more complicated. We can execute projects within four weeks up to several years.


M7: Currently, there is a lot of excitement around blockchain also. So, what makes it a trusted approach for growing businesses?
MA:
Fundamentally, what blockchain does is that it gives you a reliable way to trust each other. Businesses have been around for centuries. In prehistoric times, people used to barter and exchange goods. Over time, this evolved and today we have a system that is prone to people cheating each other, making it difficult to trust each other. Let's say you and I enter into a deal. You say to me that you want to get my consulting service and you’ll pay you a hundred dollars for that. Now if I provide the service early, I don't know whether I'll get paid or not. And you might think that if I don't get the right service, I wasted my money. So now that distrust requires us to contact a third-party, a bank or Escrow or something like that, where we say, “Hey, you know, you hold onto this hundred dollars. When we both agree with this service, then you can release the payment.”

And the bank will say, “Okay, I'm happy to do that, but I'm going to charge you $10 for that.” So now $10 is given to somebody else so that we can proceed with the deal. Inherently, right now, with blockchain, what happens is that you and I can directly go to a blockchain and proceed with the deal. You promise me a hundred dollars and I promise my service for it. As soon as we both agree, you release the payment. There is no bank needed. There is no fee needed. Therefore, with blockchain, everything is in such a way that we cannot tamper with it. There is no opportunity for us to go behind each other's back and alter any records. That is the power of blockchain. It can help businesses eliminate mistrust and establish concrete rules that can be triggered by technology itself rather than humans intervening with each other.

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There is no opportunity for us to go behind each other's back and alter any records. That is the power of blockchain.



M7: So, would you say that blockchain is not susceptible to cyberattacks?
MA:
It is susceptible. Nothing in the world is not impenetrable. That means that if you buy a lock, it can be broken. There are always going to be barriers and they're always going to be people who try to overcome those barriers. In the security industry, it's a cat and mouse game. Especially with quantum computing coming, and all that locked-in can be cracked. But at the same time, you can also argue in the same sentence that these new technologies will also enable blockchain developers to make stronger encryption.


M7: According to you, is blockchain a ready approach for businesses to adopt as a strategy for growth?
MA:
Yes, I mean, Bitcoin and Ethereum are controlling trillions of dollars of transactions every day. It is as ready as it can be right now. Blockchain as a technology is good, but cryptocurrencies are creating a problem for a lot of governments who are figuring out how to control the currency flow and all that. Once that is regulated, then it will give way to mass adoption, but right now it is very early in the technology cycle. Artificial Intelligence has been around for several decades and now it is picking up steam and blockchain just got invented around 2008. It's very young.

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M7: Thank you so much for such an insightful interview. Lastly, as a business mentor, what is your advice to entrepreneurs today who are just starting and growing their businesses in a digital-first market?
MA:
There are two things – business, again, is about people. So, the first person that starts is you. Most people start a business just to make money, and not with any inherent interest in the business. I always recommend doing something that you're passionate about or something that you have experience in. Don't just say, that guy started a startup and now he is a millionaire. I'm going to do the same thing. You may have nothing to do with that field. And you might not find it interesting. And when you don't find something interesting, you will give up on that business. Entrepreneurship is not easy and if you don't have any interest in it, you're going to give up. Secondly, learn how to talk to people, communicate with people so that you can understand what they really want, because that's another problem where a lot of startup founders just say, ‘Oh, I'm only going to sell pink shirts.” Even when the demand is for orange shirts. When they don't care, the market will find the orange shirts somewhere else and their business will be lost.

ABOUT TETRANOODLE

TetraNoodle is a boutique big data and AI consulting company that provides strategic insights and develops problem-solving digital solutions for businesses of all sizes. They build solutions for cloud, desktop, mobile platforms as well as IoT devices. For the past 25 years, they have been able to work with some of the biggest companies, notably IBM, Microsoft, Pearson Education, Canada Health Infoway, University of British Columbia, Desire2Learn, and many more.

They use a multi-disciplinary approach – combining big data, AI, Blockchain, emerging technologies with human psychology to achieve clients’ goals in a range of verticals including retail & ecommerce, resources & minerals, consumer electronics, real estate, fintech & insurance, healthcare, education, transport & manufacturing. They are a unique blend of strategists, creative minds, technologists, and behavioral experts. The best part about the company is that they think out of the box and explore unconventional methodologies to solve complex problems fast and right.

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AI and Big Data Expo North America announces leading Speaker Lineup

TechEx Events | March 07, 2024

AI and Big Data Expo North America announces new speakers! SANTA CLARA, CALIFORNIA, UNITED STATES, February 26, 2024 /EINPresswire.com/ -- TheAI and Big Expo North America, the leading event for Enterprise AI, Machine Learning, Security, Ethical AI, Deep Learning, Data Ecosystems, and NLP, has announced a fresh cohort of distinguishedspeakersfor its upcoming conference at the Santa Clara Convention Center on June 5-6, 2024. Some of the top industry speakers set to take the stage are: - Sam Hamilton - Head of Data & AI – Visa - Dr Astha Purohit - Director - Product (Tech) Ops – Walmart - Noorddin Taj - Head of Architecture and Design of Intelligent Operations - BP - Temi Odesanya - Director - AI Governance Automation - Thomson Reuters - Katie Sanders - Assistant Vice President – Tech - Union Pacific Railroad - Prasanth Nandanuru – SVP - Wells Fargo - Rodney Brooks - Professor Emeritus - MIT These esteemed speakers bring a wealth of knowledge and expertise to an already impressive lineup, promising attendees a truly enlightening experience. In addition to the speakers, theAI and Big Data Expo North Americawill feature a series of presentations covering a diverse range of topics in AI and Big Data exploring the latest innovations, implementations and strategies across a range of industries. Attendees can expect to gain valuable insights and practical strategies from presentations such as: How Gen AI Positively Augments Workforce Capabilities Trends in Computer Vision: Applications, Datasets, and Models Getting to Production-Ready: Challenges and Best Practices for Deploying AI Ensuring Your AI is Responsible and Ethical Mitigating Bias and Promoting Fairness in AI Systems Security Challenges in the Era of Gen AI and Data Science AI for Good: Social Impact and Ethics Selling Data Democratization to Executives Spreading Data Insights across the Business Barriers to Overcome: People, Processes, and Technology Optimizing the Customer Experience with AI Using AI to Drive Growth in a Regulated Industry Building an MLOps Foundation for AI at Scale The Expo offers a platform for exploration and discovery, showcasing how cutting-edge technologies are reshaping a myriad of industries, including manufacturing, transport, supply chain, government, legal sectors, financial services, energy, utilities, insurance, healthcare, retail, and more. Attendees will have the chance to witness firsthand the transformative power of AI and Big Data across various sectors, gaining insights that are crucial for staying ahead in today's rapidly evolving technological landscape. Anticipating a turnout of over 7000 attendees and featuring 200 speakers across various tracks, AI and Big Data Expo North America offers a unique opportunity for CTO’s, CDO’s, CIO’s , Heads of IOT, AI /ML, IT Directors and tech enthusiasts to stay abreast of the latest trends and innovations in AI, Big Data and related technologies. Organized by TechEx Events, the conference will also feature six co-located events, including the IoT Tech Expo, Intelligent Automation Conference, Cyber Security & Cloud Congress, Digital Transformation Week, and Edge Computing Expo, ensuring a comprehensive exploration of the technological landscape. Attendees can choose from various ticket options, providing access to engaging sessions, the bustling expo floor, premium tracks featuring industry leaders, a VIP networking party, and a sophisticated networking app facilitating connections ahead of the event. Secure your ticket with a 25% discount on tickets, available until March 31st, 2024. Save up to $300 on your ticket and be part of the conversation shaping the future of AI and Big Data technologies. For more information and to secure your place at AI and Big Data Expo North America, please visit https://www.ai-expo.net/northamerica/. About AI and Big Data Expo North America: The AI and Big Data Expo North America is a leading event in the AI and Big Data landscape, serving as a nexus for professionals, industry experts, and enthusiasts to explore and navigate the ever-evolving technological frontier. Through its focus on education, networking, and collaboration, the Expo continues to be a beacon for those eager to stay at the forefront of technological innovation. “AI and Big Data Expo North Americais a part ofTechEx. For more information regardingTechExplease see onlinehere.”

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AI Tech

Qlik Launches AI Council to Responsibly Accelerate Enterprise Adoption of AI

Qlik | January 25, 2024

<p> Qlik, a global leader in data analytics and integration, today announces the establishment of its inaugural AI Council &ndash; an initiative that further embeds leading edge, ethical AI development at the heart of the company&rsquo;s mission and industry proposition. By convening a distinguished set of advisors, Qlik will accelerate the responsible development of its AI-driven product portfolio, benefitting from the expertise of some of the world&rsquo;s most prominent AI experts, to help customers use their data to achieve more significant business outcomes.</p> <p> Qlik&rsquo;s Generative AI Benchmark Report found that 31% of senior executives plan to spend over $10 million on generative AI initiatives in the coming year and 79% have already invested in generative AI tools or projects. Despite this enthusiasm, it also found that they understand the need to surround them with the right data strategies to realize their potential. If the data building blocks of AI are not governed properly as it is democratized across the entire workforce, it could present a serious threat to the efficiency and integrity of business operations. The AI Council has been established to help Qlik&rsquo;s customers navigate these challenges and advise on best practices.</p> <p> Members of the Council will work within Qlik to guide the company&rsquo;s R&amp;D direction, inform its product roadmap and ensure its customers&rsquo; use of Qlik&rsquo;s AI is built with responsibility and ethics front of mind. The Council will also educate Qlik leaders and employees on how to harness the full potential of AI, while providing insights into the priorities of business leaders tasked with demonstrating value from AI investment.</p> <p> The AI Council features some of the most renowned subject matter experts from around the world. More information on these members can be found on our Qlik Staige website:</p> <ul> <li> <strong>Nina Schick &ndash; Author, Advisor and Founder of an advisory firm focused on GenAI</strong><br /> A world-leading authority on generative AI, Nina has long been analyzing emerging technology trends for society. With over two decades of geopolitical experience, she has advised global leaders, including Joe Biden, President of the United States, and was articulating her vision of the &lsquo;AI inflexion point&rsquo; years before ChatGPT made AI a global phenomenon.</li> </ul> <ul> <li> <strong>Dr. Rumman Chowdhury &ndash; Responsible AI leader, engineer, auditor and investor</strong><br /> Rumman is a pioneer in the field of applied algorithmic ethics, creating cutting-edge socio-technical solutions for ethical, explainable and transparent AI. She is currently the CEO and founder of Humane Intelligence, a tech nonprofit that builds a community of practice around algorithmic evaluations. She has also served on multiple boards, including the UK Center for Data Ethics and Innovation, and on UN&rsquo;s Broadband Commission for Sustainable Development, Oxford University&rsquo;s Commission on AI and Governance, and Patterns data science journal. Previously, Rumman was the Director of META (ML Ethics, Transparency, and Accountability) team at Twitter, leading a team of applied researchers and engineers to identify and mitigate algorithmic harms on the platform.</li> </ul> <ul> <li> <strong>Kelly Forbes &ndash; Co-Founder and Executive Director, AI Asia Pacific Institute</strong><br /> Kelly sits at the intersection of policy, research and industry, working with leading organizations and governments to address the risks associated with AI through international cooperation. With extensive experience in the Asia-Pacific region, Kelly has conducted research on AI governance, public-private dialogue and government policy issues.</li> </ul> <ul> <li> <strong>Dr. Michael Bronstein &ndash; DeepMind Professor of Artificial Intelligence, University of Oxford</strong><br /> An award-winning academic, Michael was previously Head of Graph Learning Research at Twitter, a professor at Imperial College London and has held visiting appointments at Stanford, MIT, and Harvard. Michael is also a serial entrepreneur, having founded startups such as Novafora, Invision (acquired by Intel in 2012), Videocites and Fabula AI (acquired by Twitter in 2019).</li> </ul> <p> &quot;The formation of Qlik&#39;s AI Council is a strategic leap, reflecting our deep-seated commitment to not just advancing AI, but doing so with ethical integrity and practical applicability,&quot; said Mike Capone, CEO of Qlik. &quot;Our goal is crystal clear: to enable our customers to harness AI in a way that&#39;s not only transformative, but also responsible. By uniting a cadre of AI luminaries, we are sharpening our focus on delivering AI solutions that are not just cutting-edge, but also seamlessly integrated and governed. This initiative is a pivotal chapter in our journey, marking a bold move towards democratizing AI in a manner that is both accessible and aligned with our core mission of driving substantial, data-driven business outcomes.&quot;</p> <p> Data and analytics leaders from around the world can hear from the AI Council at Qlik Connect, which takes place on June 3-5 in Orlando, Florida. At the pre-eminent event for data analytics, integration, and AI, Council members will share their take on the opportunities and challenges for businesses exploring the value of automation in their data strategy. Additional details and event registration is at www.qlikconnect.com</p> <p> &ldquo;I am excited to join Qlik&rsquo;s AI Council and work with some of the greatest minds in AI to optimize how businesses around the world use data,&rdquo; said Rumman Chowdhury, member of Qlik&rsquo;s AI Council. &ldquo;We&rsquo;ve reached an inflection point where innovations like generative AI are impacting the world as the internet did. This is not the time for complacency. &lsquo;Adopting AI&rsquo; is not as simple as some suggest, but getting left behind is a risky game. By taking responsible steps, organizations can enter an era of unprecedented innovation &ndash; I look forward to being able to contribute to this evolution.&rdquo;</p> <p> &ldquo;In working at JBS USA, I recognize the significance of Qlik&#39;s advancements in AI, embodying a responsible and pragmatic approach to enterprise AI development,&rdquo; said Stephanie Robinson, IT Business Intelligence Manager at JBS. &ldquo;Qlik&#39;s dedication to enhancing AI applications aligns with our focus on employing technology to drive substantial business outcomes. We value Qlik&#39;s commitment to ethical AI practices and are optimistic about the beneficial impact this will have on the industry.&rdquo;</p> <p> <strong>About Qlik</strong><br /> Qlik converts complex data landscapes into actionable insights, driving strategic business outcomes. Serving over 40,000 global customers, our portfolio leverages advanced, enterprise-grade AI/ML and pervasive data quality. We excel in data integration and governance, offering comprehensive solutions that work with diverse data sources. Intuitive analytics from Qlik uncover hidden patterns, empowering teams to address complex challenges and seize new opportunities. Our AI/ML tools, both practical and scalable, lead to better decisions, faster. As strategic partners, our platform-agnostic technology and expertise make our customers more competitive.</p> <p> 2024 QlikTech International AB. All rights reserved. All company and/or product names may be trade names, trademarks and/or registered trademarks of the respective owners with which they are associated.</p> <p> The development, release and timing of any product or functionality described herein remain at the sole discretion of Qlik and should not be relied upon in making a purchasing decision.</p>

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Software

LambdaTest Integrates with New Relic to Deliver Unmatched Test Observability

LambdaTest | January 09, 2024

LambdaTest, a leading cloud-based unified testing platform, announced an integration with New Relic, the all-in-one observability platform for every engineer, to help bridge the gap between testing and performance monitoring. This integration empowers software engineering, quality assurance, and DevOps teams to visualize and understand their digital experience testing metrics in real-time by providing a single view of their LambdaTest results alongside performance insights from across the entire software stack—all within the New Relic observability platform. With the ability to optimize and monitor automated test execution results, technical teams gain deeper insights into automation scripts that enable them to deliver high-quality products at an accelerated pace. Every modern business is encountering challenges as digital ecosystems become increasingly complex, large, and distributed. At the same time, without a unified platform, software teams and testers have limited visibility into automation script performance, which can lead to collaboration silos, inefficient resource utilization, and slower incident identification and response times. To address the need for observability in test execution data and analytics, this integration arms engineering teams with actionable insights to efficiently address automation script issues, reduce testing bottlenecks, and optimize software performance. This allows organizations to ensure fast and reliable application delivery, so they can produce better digital experiences for their customers—before it impacts their bottom line. The LambdaTest and New Relic integration allow users to: Proactively improve digital experiences with a pre-built, curated New Relic dashboard to monitor key metrics such as test executions, durations, failure rates, and errors. Accelerate troubleshooting with deeper insights into test failures, anomalies, and environments where errors occurred. Build better cross-platform experiences by gaining insights on website and application compatibility and functionality across thousands of different browsers and devices. “In our digital-first world, poor user experiences are more than just an annoyance—they have the power to cause significant loss in revenue,” said Manav Khurana, Chief Product Officer at New Relic. "With the LambdaTest integration for New Relic, we’re combining the power to automate digital experience testing with our unified telemetry and all-in-one observability platform—so organizations can optimize their digital experiences, without needing multiple tools to monitor the rest of their software stack.” Mayank Bhola, Co-Founder and Head of Product at LambdaTest stated, "This integration is not just a technical enhancement but a strategic move towards empowering businesses with data-driven decision-making. The combined strength of LambdaTest and New Relic ensures that businesses can deliver high-quality software at a faster pace, ultimately contributing to their bottom line." This integration is now available to all LambdaTest users and all New Relic full platform users at no additional cost. To get started, check out the LambdaTest quickstart integration for New Relic. About LambdaTest LambdaTest is an intelligent and omnichannel enterprise execution environment that helps businesses drastically reduce time to market through Just in Time Test Orchestration (JITTO), ensuring quality releases and accelerated digital transformation. Over 10,000+ enterprise customers and 2+ million users across 130+ countries rely on LambdaTest for their testing needs.

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Spotlight

TetraNoodle Technologies

TetraNoodle Technologies is a boutique big data and AI consulting company that provides strategic insights and develops problem-solving digital solutions for businesses of all sizes. They build solutions for cloud, desktop, mobile platforms as well as IoT devices. For the past 25 years, they have be...

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