Transformation Executive Paul Bailo Shares His Views On Data Analytics, Imagination, And The World Tomorrow
Paul J. Bailo, Executive, Digital Strategy and Innovation has shared his views on how data analytics and related technology can dramatically change the world and the lives of people in the near future. The third and final installment of the data transformation technology trilogy looks at data analytics as the most important aspect of data transformation.
“Massive changes are going to happen because of the influence of data analytics, Artificial Intelligence, and new technology,” says Paul J. Bailo. The world is changing and data is driving that change. Data analytics will ensure that the world will never be the same again as data will enormously influence key areas of our lives.”
Paul says that right now the world is confused about data but once they realize how to leverage its power in different aspects of life, it can be at the center of everything.
Paul believes that the biggest outcome of all these transformations will be the ability to make better and more accurate decisions.
Data analytics is such a powerful force that it can make predictions and help see the future before it arrives. Paul compares data analytics to a crystal ball that tells the future of everything in an individual’s life. Data analytics delivers peak experiences continuously to individuals without having to put too much effort.
Paul says that when people are confused about what they want to do as an occupation, data analytics can help identify the right career by analysing their skills and interests. It helps create experiences that can make people happy and satisfied.
According to Paul, data can be the health buddy of people, always helping them make the right choices using AI. It can even advise them what to eat and what to avoid.
Data analytics has a key role to play in the area of financial planning and budgeting. The system will take the trends, needs, and income of individuals and help them make the most appropriate decisions. It helps people by giving them the right advice in every area of their life – professional and personal.
Data analytics can be used to make processes more efficient and that too without human intervention. It is a path-breaking idea.
Paul says that most people think about the process more than they do about the person involved in the process. He gives the example of online stores such as Amazon where customers can return a wrong product and get the money back easily without talking to a human. People are happy with this type of set-up as they are more interested in the end result. They don’t care about the person but the process.
Just like humans and emotions have a connection, data analytics too can create and establish positive emotions because it helps people get the solutions they need in a rather effortless manner.
Paul Bailo says he imagines a world where he will be his own doctor with 24/7 accessibility through AI and technology. He believes that financial decisions taken using data analytics will be more productive. The same holds good for health. People can have a quality lifestyle and stay fit using equipment like Fitbit and others.
Paul says that over the next 12 months, the future of work will be rationalized because of the virus. There will be no nine to five or Monday to Friday offices. Everything will be based on the value delivered.
People will be spending more human time with the family and not worrying about work.
Paul is optimistic that the world will be a happier place to live in the next 12 months, thanks to data analytics and technology.
About Dr. Paul J. Bailo:
Paul Bailo is widely recognized by industry thought leaders for his C-level executive skills in Digital Transformation, Marketing, and Business Operations. His expertise in digital transformation, digital communications, emerging payments, operational excellence, data-driven decision-making, and ongoing product innovation is unparalleled.
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