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Traders have welcomed data indicating that US inflation is coming down and the economy remains healthy – Copyright AFP MOHD RASFAN
Friday, September 8th sees the starts of the second annual ‘Day for Data’ symposium. This event is set to will gather industry leaders and academia together for a practical exploration of business analytics.
The event is scheduled from 8 a.m. to 4 p.m. (EDT) in Virginia Tech’s Owens Ballroom and there will be a focus on the artificial intelligence revolution. The conference is hosted by the Pamplin College of Business’s Center for Business Analytics.
The event should provide an opportunity for shared learning and thought leadership in the field of business analytics (taking in and processing historical business data), including the application of generative AI and large language models, plus advanced data analytics, digital privacy, business leadership and intelligence.
Generative models can be used to develop a contextual understanding of data inputs and to also generate contextualised explanations for data outputs. In the business sector, generative AI is commonly used to build virtual assistants and chatbots, designed to interact autonomously with customers, handle inquiries and provide support.
According to Jay Winkeler, executive director of the Center for Business Analytics: “The interaction between students, faculty, and corporations is critical to harnessing the power of analytics and showing how skilled professionals translate analytics into meaningful business decisions.”
Winkeler adds: “For industry professionals, it is a chance to tell their success stories and gain critical exposure to a talented student and faculty population.”
The symposium will begin with opening remarks by Saonee Sarker, Richard E. Sorensen Dean for the Pamplin College of Business, followed by a keynote address from Andrew Allwine, senior director of data optimisation for Norfolk Southern.
Data optimization is the process by which organizations extract, analyse, and store data for maximum efficiency.
For example, with data optimisation, in one session, Andrew Allwine, senior director of data optimization for Norfolk Southern, will share strategies for aggregating and translating complex datasets into actionable insights and tangible return on investment for organizational decision-makers.
Oher topics include data ownership and data governance. This connects with a session led by Voices of Privacy, an initiative spearheaded by Professors France Bélanger and Donna Wertalik. This session seeks to prepare society to manage their information privacy amid the challenging modern digital landscape, as well as a research poster session highlighting the latest research in the field.
Taking a balanced approach, Tracy Jones, data strategy and management executive for Guidehouse, looks into the opportunities and threats of artificial intelligence implementation, including case studies of organizations that neglected ethical principles and suffered consequences.
Society is starting to have a conversation about artificial intelligence, including the most important ethical, legal, and technical considerations.
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