History has seeds of Future. Identification of these seeds is what a Business Leader needs.
Information age has made data capture of almost all the activities possible. It’s all about unraveling the patterns in these data which is the key to the future or decision making. So were to start - today there is comprehensive disciple of business intelligence. Dimensionalising our data structure and applying permutation and combination to better understand our business processes.
But that's just the beginning. Actuaries’ science is one of the most evolved application of peeping into future on the basis of history. It's time when statistical pattern analysis and prediction takes the central stage for conversion of the business data into artificial intelligence.
With the computing power and technological break-through (i.e. big data, hadoop distributed file system) huge amount of data can be churned in a scale out manner and that too in virtual space of cloud. Artificial intelligence hits the ground reality as the Data quantum used increases and becomes closer to depicting the population (in statistical context).
Business empires will be built on futuring now and technology organisations have a great opportunity in this.
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