#229 Will AI take over the world?- Colin Priest | Manuj Aggarwal

Highlights:(0:00): You can't just throw an AI at it and go tell me the best price. Yeah, you have to bring in your human intelligence(0:08): Don't fall for hype. Start with an actual business problem that you have a reasonable understanding of and where automating would make a better experience. Or a better product.(0:21): Because we're not replacing humans, we're actually just giving them another tool to make them better at their job, because you still need a human.(1:00)Introduction: Colin is a sought after public speaker, thought leader and a firm believer in database decision making and applying automation to improve customer experience. With more than three decades of experience in financial services, Colin has held a number of C suite roles where he has championed data science initiatives in banking, FinTech insurance, risk management and marketing. Colin is the VP AI strategy for DataRobot, where he advises businesses on how to optimise their business operations using AI and manage data science projects. DataRobot is headquartered in Boston, Massachusetts, and has office locations across six countries. DataRobot enterprise platforms are used by Kroger, Humana, US Bank, Ben Kister, Australian Red Cross Blood Service, Boston Red Sox, lending tree, University of Michigan and a whole bunch more. Their platform helps steward health save $18 million. And their platform also helped a global bank financial services firm realise a 304% return on investment that amounted to about $33 million. Colin is passionate about how humans and AI can work together and is an advisor to the Singapore government on AI ethics, AI governance and the future of work. Colin is passionate about the science of healthcare and does pro bono work to support cancer research.(2:28)First of all, let's get to know you. How did you get into this? What was your journey like in your career up to up to this point.(2:42): Colin started in this field when it wasn't called AI or data science. It didn't have much hype back then. He shares his experience on how marketing professionals were more convincing than him. He learnt an important lesson from the book Sunsoo: The Art of War and he changed the conversations in the meetings to facts rather than who is more convincing. And step by step he did projects in marketing, operations and then healthcare and banking. Colin says he hasn't looked back since then.  (5:06)Like, you know, AI, and there are so many terms machine learning AI data science. Can you help us unpack these terms for a layperson who's not a geek like you and I? What do these terms mean and how do they apply in different business scenarios.(5:43): Colin Priest defines buzzwords in simple and understandable definitions. Colin starts with data science. He says,  Data Science is how you manipulate data to make better decisions. The next term he defines is machine learning.  He defines it as- You give the computer some examples, with the correct answer, and you get it to figure out for itself, how to get from the inputs to the outputs. And the last term Colin defines is artificial intelligence.  He says that there's a lot of people that haven't separated science fiction from fact. Artificial intelligence is merely a computer, doing something that historically required human intelligence. But that doesn't mean it has human intelligence. (8:20)Pricing is somethinSupport the showFollow me on Facebook ⬇️https://www.facebook.com/manuj.aggarwal❤️  ID -  Manuj Aggarwal■ LinkedIn: https://www.linkedin.com/in/manujaggarwal/ ■ Facebook: https://www.facebook.com/realmanuj■ Instagram: ...