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AI Today Podcast: Artificial Intelligence Insights, Experts, and Opinion
AI Today Podcast: AI Glossary Series – Analytics, Data Visualization, Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Proscriptive / Projective Analytics
Sep 22, 2023
This podcast episode discusses the importance of understanding analytics and data visualization in AI projects. It explains key terms such as descriptive, diagnostic, predictive, and projective analytics and highlights the tools and methods used for each. Understanding these concepts is crucial to the success of AI projects.
12:05
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Quick takeaways
- Thorough preparation and fundamental business buy-in are crucial for success in AI projects.
- Understanding the different types of analytics (descriptive, diagnostic, predictive, projective) enables better decision-making and project planning in AI projects.
Deep dives
Understanding the importance of AI project preparation
The podcast episode highlights the significance of thorough preparation in AI projects. It shares a story of a project manager who, in the midst of an AI project, realized that they lacked access to essential data. This realization forced them to reassess their project, emphasizing the importance of having fundamental business buy-in from the start. It serves as a reminder that basic understanding of common terms and proper planning is crucial for success in AI projects.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode