Data Strategy

Do you follow the Tour de France?🚴‍♂️ 🚴‍♂️ 🚴‍♂️

As a duathlete, I was over the moon when I was in Paris on Sunday and able to attend the final stage. The cyclists started their journey on the 1st of July departing from Bilbao Spain and completed the competition on the 23rd of July to bring the Tour de France to a close at the Champ-Elysées in Paris. The video in the post shows the excitement we had cheering the cyclists!

Last night, the data strategy person in me couldn’t help but reflect on how Tour de France and the strategy for emerging technologies (especially AI) may seem unrelated at first. Still, in reality, there are so many resemblances. Here are a few comparisons which I thought about:

💻 1. Long and Challenging Journey: The Tour de France is a multi-stage bicycle race covering thousands of kilometres over weeks. Similarly, developing and implementing AI strategies can be a complex and long-term journey. Ai strategies require extensive planning, resources, and persistence. Before participating in the Tour de France, cyclists train hard to ensure they are fit enough for this challenging race. Likewise, building an AI strategy requires thorough preparation, including data collection, cleaning, and model training.
🌟 2. Teamwork is critical: The Tour de France involves teams of cyclists working together to support their leader and achieve the best overall outcome. Similarly, successful AI strategies often involve collaboration among teams like data scientists, domain experts, software engineers, and the business. It is all about teamwork.
🌪 3. Adaptability is key: Cyclists in the Tour de France must adapt to various terrains, weather conditions, and challenges during the race. In the AI world, adapting to changing data, technology, and market conditions is crucial for success.
💪 4. Risk Management: Cyclists face risks and uncertainties during the Tour de France, such as crashes or mechanical failures. Likewise, AI strategies need to consider potential risks, including data privacy concerns, biases, and ethical implications.
📚 5. Learning from Mistakes: In both the Tour de France and AI, mistakes and setbacks can happen. Learning from these experiences is crucial for improvement and better performance in the future.

Did you watch the Tour de France? What other resemblance do you see between Tour de France and data strategy for emerging technologies?

#datastrategy #data #AI #analytics #leadership

🗣️ A global industry practitioner, an academic and a non-Executive director who is on a mission to demystify how to create the right data strategies and ecosystems for scaling analytics and emerging technologies
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