startups doing amazing things with their data
Data Value to accelerate the growth of your Startup
Data & AI play fundamental roles in boosting the growth of startups by:
- Scaling operations and increasing productivity
- Improving products and services by infusing them with Data & AI
- Opening new Data revenue streams
To reap these benefits, entrepreneurs need to figure out how AI can do all these things in the context of their company, set strategic priorities, and start building data capabilities. There are a number of common steps that each company will have to go through and that we can help accelerate:
Many of your colleagues and employees are probably already dreaming of AI use cases that could create tremendous value out of your company’s data assets.
How many of those ideas are actually doable given your organization’s stage of AI maturity? Which one is the best candidate for a first AI Proof of Concept? How are you going to define and measure the business impact of your AI initiatives?
We can help you with these questions. Learn more here.
Successful first projects are crucial to demonstrate AI’s business potential and establish trust across your organization.
Our pragmatic, nimble, and highly agile approach to executing early Proofs of Concepts focuses on generating quick wins while minimizing risks and costs. We also address the critical aspect of effectively communicating results to non-AI audiences, thereby making the benefits concrete and visualizable to all.
Learn more here.
Faced with many AI opportunities and competitive threats, your small Data team runs the risk of scattering their efforts, diverging from the company’s strategic roadmap. A continuous alignment process is needed, which hast to go both ways, as today’s business strategies become increasingly shaped by AI.
Learn more here about our simple and effective approach to AI innovation.
Great data assets remain buried in the ground if the necessary infrastructure, skills and processes to extract and refine them do not exist.
Also, your end users will need a fast, reliable, and convenient solution to access, visualize or otherwise consume the data they need, when they need it.
See here how our expertise can guide you.
How we empower Growth Startups with their Data
Ideation & Ranking of AI Low-Hanging Fruits
The first idea may not be the best to start with. Just as the AI innovation that will bring you ahead of the competition may be one ideation workshop away from being formulated.
Our AI expertise and external perspective can help you make the right first decisions in framing the early opportunities:
We have extensive experience running AI Ideation workshops with teams of business and IT experts across diverse functions and industries. We mature existing ideas, generate new ones, and structure all these use cases in a framework ready to be weighted against strategic objectives.
This is a fast, light-weight process, but a critical a critical one, necessary to make sure the next more expensive steps yield maximum results.
Not every AI use case is the right candidate for a relatively inexperienced organization to start experimenting with. And an early failure can seriously set back your AI roadmap.
We can help you choose the first project that will maximize the chances of success, and establish the confidence in AI on which to build the next steps.
First Successes with AI
Although an AI Proof of Concept may just look like the development of a slightly exotic software prototype, there are fundamental differences. And plenty of potential pitfalls.
We ourselves learned a lot from our early mistakes and are happy to help you to do it right the first time.
If you want to maximize your chances of early success, it makes sense to place multiple bets. Our parallelized campaign approach systematically experiments with multiple use cases, and produces a winning AI prototype within weeks.
You can quickly demonstrate a positive business outcome, accelerate ROI, and build trust in AI across your organization.
We have built a Machine Learning (ML) Sandbox that enables startup teams to test their AI ideas within hours and without writing a single line of code.
We provide coaching during critical Proof-of-Concept and Proof-of-Value phases, helping you with:
- Defining business process metrics to measure the ROI of your AI MVP,
- Designing an A/B testing plan,
- Deciding early on when your data scientists should stop tweaking their algorithms (trickier than it sounds!)
The results of a complex data science experiment, especially the link between algorithm outputs and business outcomes, can be difficult to explain to a larger audience.
With our expertise in Transformation and Executive Education, we can help turn dry data outputs into organizational excitement and adoption momentum.
AI Innovation & Product Strategy
Treating Data & AI as products rather than pieces of technology helps to accelerate business value creation with AI.
We have developed a smart, simple framework to drive AI innovation that incorporates key elements of Digital Product Management:
When designing a new AI solution, algorithms and their data output must be aligned with the needs and experience of end customers.
This is a complex AI<>Business translation process that we are happy to help you and your team master.
As your organization gradually increases its AI Maturity, AI innovation will start to spark from all corners, especially from people executing inadequate or poorly scaled-up operational processes.
Also, your competitors are likely to be experimenting with AI already, while Big Tech may be probing a potential disruption of your industry.
We have developed a light and effective AI innovation framework that helps ‘scanning the internal/external market’ for opportunities and threats. In turn, this focuses your AI resources on initiatives with the highest impact.
Organizational resistance to AI can have many different causes:
- Fear of change, fear of displacement,
- Misconception about what AI means and how it can help,
- Lack of incentives.
A thorough AI training and adoption plan will help boost the return on your AI investments.
Data Architecture & Infrastructure
When entrepreneurs are building a young company, they have a unique opportunity to leverage their data to do accelerate growth. Less burdened than older incumbents by legacy IT, disparate applications and incompatible data models, they can start afresh, straight into the cloud, building a scalable architecture at a relatively low cost.
We can help startups define key data architecture designs:
As a startup entrepreneur, you have a fantastic opportunity to build the architecture that will support your future data value stream.
Right from the start, agility and scalability give you an unfair advantage against your incumbent competitors, who are struggling to scale with their outdated legacy data architecture.
It’s great that you have plenty of ideas to create value for your clients with data from your core operations.
But are you generating your data with the right quality? Is the data you are storing today fit for your future purposes?
Get in touch, and we will be happy to help you with your data quality and process fundamentals.
Adopting the right data taxonomy from the start will help you talk the data language of your customers when the time comes for monetization.
Data Service Vendors & Partnerships
With limited time and resources, it doesn’t make sense for startups to try and do everything by themselves. Vendors of Data & AI Software-, Platform-, and Infrastructure-as-a-Service can be brought in to quickly deploy advanced AI capabilities.
Data & AI services and products can be complex, however, and costs can rapidly spiral out of control. We can help you navigate this:
There are many companies developing great services and products to help you accelerate your journey towards Data & AI Maturity.
We have the experience and methodology to help you select the best providers that offer the best value for money.
AI business services can be expensive, and extracting value from them without getting entangled is tricky.
We have deep vendor management expertise and are happy to share our best practices.