[First published in 2019, but an ongoing labor of love updated as recently as February 2022]
To me, “going vegan” was not about being trendy or better-than-thou, showing anyone up, or guilting anyone into doing what I have come to believe is the right thing. It’s just what my wife and I have done in our household after our younger daughter introduced us to it back in 2016.
Below you’ll find links leading to literally thousands of choices ranging from tasty to delicious to downright delectable. In this piece, we:
Lead off with the fast-growing lineup of plant-based fare available at restaurants and on the go
Move from there to the incredible diversity of plant-based foods ready to tempt your tastebuds on the homefront, including (yes) “The Tesla of Chicken”
Follow it all up with Q&A, the science, thoughts, and opinions
A programming note: this post is rigorously sourced, but I couldn’t get references to click to the endnotes for you. Links that simply open to company websites and the like, not part of a news story, are embedded in text. Those sourced from research reports and news stories have a notation, from |a| to |z| and more. Either way, all links open the way God intended them to: in a new tab =;-D At post’s end you’ll find all endnotes with sources, titles, and the same links.
Eating On the Go: Plant-Based Burgers ROCK
These burgers feature something that would surprise those who haven’t tried them: THEY TASTE GREAT. Even if I weren’t a plant-based enthusiast, I would never go back to “regular” burgers.
As reflected in the opening image, we love Beyond Meat Burgers at TGI Fridays. Having had every burger Fridays makes over the years, to us these are the best and tastiest on the menu. We are also proud and happy $BYND shareholders.
Burger King rolled out its Impossible Whopper to rave reviews across the US and Impossible products are available in a handful of other countries. Beyond Meat products have far greater reach, currently sold in the US parts of EMEA, APAC, and Latin America. Both companies are of course looking to expand into other markets.Continue reading
I have detailed thoughts supporting each of these, but we live in an era of TL:dr. So to encourage you to read this, and maybe to care and act, here are the key points of the plan:
1) Make the death penalty the law of the land for any violent crime, which I hereby define as child sexual abuse and up, regardless of the age of the assailant. No plea deals. [Federal law]
2) Eliminate or supersede laws that prevent the state from helping the mentally ill if they or their families “don’t want to be helped.” [Federal law]
3) Force schools to address the serious bullying that has provably and directly led to a number of these shootings. Schools who ignore issues and do not immediately engage law enforcement face legal action. [Federal-state-local action]
4) Enact serious gun control including a ban on all semiautomatic weapons and high-capacity ammunition — not just AR-15s but any handgun or long gun that shoots many rounds in seconds — and a mandatory federal buyback program to compensate owners for the multitude of these weapons that are already in the field. “Then only criminals will have them”? See #1 above. [Federal law]
5) Make parents financially and legally responsible if any immediate family member ever commits a violent crime. [Federal law]
6) Return freedom of voluntary (not mandated) prayer to the schools and all public places. [Federal law]
7) Return the every-morning Pledge of Allegiance to schools. [Federal law]
8) Ban assault media. Get serious about banning or seriously limiting violence in all forms of entertainment from gaming to TV to movies to music. [Federal law]
9) Install metal detectors at the doorways of schools, malls, theaters, and other currently-unprotected public venues. [Federal-state-local action, public-private partnership]
10) Hire expert marksmen/sharpshooters for all schools, malls, movie theaters, and other currently- unprotected public venues. [Federal-state-local action, public-private partnership]
11) If anyone breaks into any public or private place, or even without breaking in pulls a weapon on anyone in any public or public place, any citizen and anyone acting on their behalf has the right to injure or kill the threatening party without being prosecuted. [Federal law]
12) No one who is hurt or killed while they themselves were in the commission of a criminal act as described in #11, nor their families or friends, nor anyone else on their behalf, shall be allowed to bring a lawsuit or negative action of any kind against those who hurt or killed the criminal. [Federal law]
13) Provide tax breaks and vouchers so every family everywhere is free (and supported) to choose homeschooling or charter schools instead of public schools. [Federal law]
14) Ban movie or book deals, or any form of compensation that originated from a violent crime, to the criminal and his or her family as far as their family tree goes, any friends or associates, or anyone acting on his or her behalf. [Federal law]
15) Restrict media mentions of the names of those who perpetrate mass shootings to only once on each media entity’s first mention of the crime. [Federal law]
[REPOST: APRIL 2022] What happens in Vegas: Sitecore Symposium, where Sitecore rolled out the latest version of its Customer Engagement and Experience solution.
Judging by his razor-sharp, on-point keynote, Sitecore CEO Michael Seifert, who I interviewed on an earlier sojourn to Vegas, was born for the stage, personable and well-paced as he spoke to the +/- 2,000 Symposium attendees. The theme of Seifert’s talk and the conference was: “Own the Experience.” Another oft-repeated phrase at the event was “Customers for life.” In fact, Sitecore Chief Strategy Officer Darren Guarnaccia said in his Product keynote: “We want to be the preferred tool for customer experience developers, marketers and merchandisers…this is a platform for life.” In this analyst’s view, Sitecore is well on the way to actualizing that vision.
Quotes & Highlights
Some notable quotes and concepts jumped out of Seifert’s keynote:
“This is the opportunity of our times: to present the right experience at the right time… the most important opportunity in today’s environment.”JeffTake:This is why both customer experience analytics and real-time analytics, two areas of focus for us at Stratecast, are so important today.
“An experience creates a lasting memory, and that beats content…but you must know the person to provide the experience, so that requires context…and, to bring it full circle, you must have creative, emotionally-engaging content.”JeffTake:we’re talking a lot about content and context, plus sentiment analysis, at Stratecast these days, and this encapsulates a lot of the ‘why.’
“Consumers are getting MAD: marketing attention deficit.” He explained they are bombarded with email, then Internet banners and popups, and they tune out whatever is perceived as an interruption or not relevant. JeffTake:this gets to the essence of speaking with and making friends with your customers and prospects, not “marketing AT them,” which is supposed to be the hallmark of digital communications as opposed to so-called traditional marketing.
Seifert talked about how marketers now have plenty of tools at their fingertips, but that technology is starting to overwhelm them. They face too much complexity; it’s becoming an arms race. He cited stats from the Digital Analytics Association that 50% of marketers’ time is spent gathering and analyzing data. And how, even after they’ve assembled all of that data, they still do not have a comprehensive view of the customer, just bits of it.
Remember, Seifert pointed out, that Amazon, for example, started out only selling online, which makes it simpler. Many organizations, however, have storefronts, distributors, other marketing, sales, and service channels and touchpoints from which they must gather info, and to which they must impart new ways of better serving customers. The idea is to capture all relevant data—but SIMPLIFY.
Sitecore Solution: Customer Experience Platform
Seifert next brought Guarnaccia on stage, and Guarnaccia showed a few dashboard screens from Sitecore’s new Experience Profile. Throughout the event, a number of Sitecorians referred to the Experience Profile as “The exFile.”
Sitecore’s “exFile” (which, come to think of it, could also be a great name for a database of ex-spouses and other partners) provides a current and comprehensive view of the customer. It builds that view based on data flowing into the also-brand-spanking-new Sitecore xDB and its Experience Database, built on MongoDB, with connectors and Sitecore application software. Guarnaccia explained how now you can collect all the information from social, internal, and external sources and really see who this customer is, what they like and don’t like, what they have been doing on your site (and other sites), and all in all, how they are interacting with your business. Thus armed, you can predict what they likely want to do or see next and provide what he termed “experience optimization”: tracking, visualizing, and predicting, then generating dynamic personas and lists for immediate action. JeffTake:first, this discussion points out the importance of Stratecast’s 39 Data Sources Enterprises Need to Access. Second, Sitecore nailed what we have been urging the market to do for years: provide solutions that empower users to ANALYZE, THEN ACT.
Next, Sitecore VP Product Marketing Mark Floisand joined Guarnaccia on stage, and the two discussed some of the platform’s recent growth stages: Version 7.0 was about content. 7.1 was mostly about the user interface (UI: the SPEAK framework). 7.2 was about integrating Commerce Server. With 7.5 (the current version as of Symposium), Sitecore re-architected the platform to add the new xDB. In 8.0, Sitecore 8, the company was adding exFile, plus easy test and optimization for all website changes plus integration with Cloud ML on Azure to do predictive re-segmentation and next-best-experience offers. They announced that Sitecore 8 was in so-called “lighthouse” customers now [JeffTake: heavy beta with a trusted shortlist of top customers] and would be available for technology previews in November, with GA slated for next year.
Next, Sitecore partner Coveo dashed up on stage with breaking news: a free version of its enterprise search product for all Sitecore customers.
Commerce Server is an acquired addition and integration of eCommerce capabilities including merchandising, shopping cart, and more. Stratecast met separately with Sitecore Director of Product Marketing Wayne Smith, who told us they have been “skilling up” since the acquisition, and that a number of Commerce people came aboard along with the technology. A recent blog post by Guarnaccia talks about all of this and establishes a Customer Lifecycle that is far more extensive than most of what has passed for “product lifecycle” in the industry for, like, ever. With Commerce Server, Sitecore can now map, monitor, and act on everything from initial customer awareness through consumption and advocacy. JeffTake:this means acting as a reference customer, including on social media and as a positive contributor to things like a positive Net Promoter Score.
Author and marketing and sales strategist David Meerman Scott was an entertaining guest speaker, emphasizing, among other things, “humanizing” [personalizing] marketing. He also hit the real-time button HARD: ahh, a speaker after Stratecast’s real-time-data-espousing heart.
Microsoft has named Sitecore its top independent software vendor (ISV) partner several years running. Sitecore VP Business Development Jean-Paul Gomes told us “the Microsoft connection” pulls through major revenues for Sitecore. Gomes is an ex-Microsoft exec who is still well-connected there and spends much of his time at Microsoft’s Redmond, WA, campus. Sitecore’s partner roster reads somewhat like the Library of Congress, but the company told Stratecast it is moving toward having fewer partners to focus on bigger targets. That sound like “we’re going up-market” to me.
Like virtually every provider, Sitecore strives for replicable processes, but the fact remains that most Sitecore implementations are still one-off affairs because organizational structures, politics, digital maturity, and technical challenges are always different. Sitecore’s SBOS (Business Optimization Services) offering helps with this, and Sitecore has a number of implementation partners it certifies for various competencies.
Sitecore also offers solutions including Komfo (social media monitoring, analytics and publishing) and Print Experience Manager (formerly Advanced Print Studio, or APS), but did not heavily emphasize these at the conference. Nor was there talk about privacy and security in any of the sessions or briefings we attended. Best insight on privacy was an answer from panelist Avanade: “Get tight with your legal team.” (Avanade is a Microsoft/Accenture partnership that provides consulting, implementation management, and managed services.) We at Stratecast have a LOT to say about privacy…but hey, that’s part of why we are here.
As the cynical analyst, I keep wondering how Sitecore can continually remake and reposition itself to meet changing markets:
In years past, the biggest name in chargeable web content management (WCM, which, btw, is still raging full force under the hood)… Add analytics and marketing automation and it’s a customer engagement platform…
Now a MongoDB-fueled customer experience solution.
Somehow Sitecore does it. Or is doing it. Again. Remember, GA of Sitecore 8 is not until sometime next year. So the jury is still out, the pudding is not really proven, etc. — we’ll see what we see when Sitecore 8 hits the market next year.
Many Sitecore customers are running multiple instances of the platform and using different aspects of it, depending on their varying levels of digital maturity. Additional functions are being added and carefully integrated, because Sitecore’s most advanced customers want them and Sitecore believes all customers will need them.
Event-wise, Sitecore Symposium was really well managed. Oh, and each attendee got a copy of the bookConnect: How to Use Data and Experience Marketing to Create Lifetime Customers,written by three Sitecorians: Lars Birkholm Petersen, Ron Person, and Christopher Nash.
In fact, hey wait a minute, this analyst provided a quote for the book and I’m still waiting for my copy signed by the authors, or at least by Petersen. How about it, Sitecore?
Attendees got to create unforgettable memories (or at least killer Instagram photos) at the glowing ball pit, DIY graffiti walls, retro arcade games, and other immersive activities, such as getting a temporary tattoo in a sports car. Meanwhile, the Hood Internet and Vegas’s hottest DJs kept the soundtrack fresh all night long!
In a word, the Pop-Up Playground was: fun.
Something that is way less fun: being one of the many companies that increasingly find it impossible to keep up with the pace of business because their data platforms can’t keep up. Under those circumstances life is anything but a party, in fact, the opposite of a party.
That’s why MongoDB and Confluent teamed up, not just to throw the best party at re:Invent but to help companies run their businesses in real time.
An effective approach to real time could not come at a better time, because many companies are still trying to meet their data needs in ways that don’t match modern business reality. Some are mired in 40-year-old relational database technology. Others think updating to a NoSQL database is positioning them for the future. They soon learn that while getting data in may be easy enough, getting insights out is a whole different story, and what they are actually positioned for now are niche applications, not an effective new data strategy.
The results of pursuing the wrong data strategy can be harmful or fatal. CNBC Markets found that the average lifespan of S&P 500 companies has fallen from nearly 60 years in the 1950s to less than 20 years today. Innosight modeled the rate of attrition from the S&P 500 and predicted that over the next 10 years, half the companies will be replaced: drop out, go out of business, or be acquired, as digital transformation lowers barriers to entry for new players and helps drive out incumbents trapped in legacy infrastructures and processes.
The traditional request-driven data architecture that still exists at many companies helps keep them trapped in legacy limitations. It requires users and applications to make requests and wait until the requested information becomes available. Waiting for data kills opportunity and agility.
By contrast, event-driven architecture, which I posted about on jeffcotrupe.com, proactively makes a stream of data from source systems (producers) available in real time. Consuming applications and services (consumers) subscribe to topics of interest and consume data at their own pace. Capturing and acting on events in real time enables systems to react automatically and immediately to events. This helps a company rapidly position itself to outflank competitors. Detecting operational errors lets it take immediate corrective action. These benefits translate into not only operational excellence and cost savings but also enhanced customer experience as the company optimizes customer-facing processes. More broadly, an event-driven architecture helps the organization improve business agility.
The key driver today in making the need for real-time data an organizational imperative is the emergence ofmicroservices. Microservices architecture breaks up monolithic applications into small, discrete services or functions. It creates self-sufficient sprint teams empowered to bring new capabilities online independently of each other, then over time evolve and upgrade their microservice without impacting adjacent microservices. That is the essence of agility.
As beneficial as microservices can be, though, they require the ability to work with large volumes of data that change frequently, which is a challenge many existing systems cannot meet. Trying to implement microservices in a legacy relational database incurs the pain and friction of having to define a schema in the database and re-implement that same schema again to effect object-relational mapping (ORM) at the application layer. Then your development team has to repeat the process, first for each microservice and then every change to the data model as application functionality evolves.
With MongoDB, data modeling for microservices is easy, which is a big reason MongoDB is at the core of many event-driven systems today. MongoDB’s flexible document model gives you the best way to work with data, lets you intelligently place data where you need it (and when, as in immediately), and gives you the freedom to run anywhere. MongoDB helps you move at the speed your users demand. It gives you the power to launch new digital initiatives and bring modernized applications to market faster, running reliably and securely at scale, unlocking insights and intelligence ahead of your competitors.
By starting with the core MongoDB data platform and binding in complementary technologies, MongoDB provides the data persistence heart of an event-driven architecture. MongoDB and Confluent work together to enable you to readily build microservices and event-driven architectures to become an agile organization.
Confluent Platform, including Apache® Kafka® and Kafka Connect, is designed as an event messaging queue for massive streams of data that sequentially writes events into commit logs, allowing real-time data movement between your services and data sources. TheMongoDB Connector for Apache® Kafka® — developed and supported by MongoDB engineers, and verified by Confluent as a first-class component of Confluent Platform — simplifies building robust, reactive pipelines to move events between systems. You can use MongoDB as a sink (consumer) to ingest events from Kafka topics directly into MongoDB collections, exposing the data to your services for efficient querying, enrichment, and analytics, as well as for long-term storage. You can also use MongoDB as a source (producer) for Kafka topics; in this mode, data is captured via Change Streams within the MongoDB cluster and published straight into Kafka topics. These capabilities enable consuming apps to react to data changes in real time.
MongoDB-powered event-driven architectures are at work in a range of user cases including IoT and other time series applications; financial services; AI; predictive maintenance, primarily in manufacturing but also in other verticals; Web activity tracking and log aggregation; and as an operational data layer (ODL) integrating and organizing siloed enterprise data to make it available to all users and consuming apps. Customers who have deployed event-driven architecture powered by MongoDB include Ticketek,EG, ao.com, Man AHL, and comparethemarket.com.
The figure below shows MongoDB and Confluent working together in an event-driven architecture supporting a microservices-based e-commerce application.
In this scenario, fuel costs to ship some items have just gone up, which could impact pricing. This produces events about the cost increase and places them into Apache Kafka. The Pricing microservice consumes the event, analyzes it against existing data, and produces events conveying the new pricing. MongoDB Atlas captures this data and, through the MongoDB Connector for Apache Kafka, publishes it into Kafka topics, which makes the data available to all consumers. Microservices directly impacted by pricing changes, such as those that manage inventory, marketing, promotions & coupons, point of sale (POS), and the e-commerce provider’s order management system (OMS), consume the price change events and update their individual databases accordingly. MongoDB Atlas aggregates and persists data from all microservices, enriches event streams with data from other sources, including historical data, and provides a central repository. This enables applications and users to benefit from all data across all microservices and provides a unified view of state across the e-commerce provider’s enterprise.
To learn more, download our white paper, How MongoDB Enables Real-Time Data with Event-Driven Architecture, and visit our Real-Time Analytics page.
My younger daughter is offering the best line of affordable skincare products on the market. One of their many features that doesn’t come with most other skincare products is a hassle-free 60-day money-back guarantee. They’re for women AND men, so “as beautiful as my skin is” =;-D I am using them myself. Click the little FB logo below, or click here, to enjoy the video and learn more.
For I think 10-15 years now I’ve been using the Office suite on PC to make PDFs of Word, Powerpoint, and Excel files and never gave links a second thought. You embed links in text like this in the source file and they’re live in the PDF. Fonts and layout are identical to what you created in the source file.
Not on Mac.
Oh, if you simply type out links as text, e.g., https://www.crunchbase.com/person/jeff-cotrupe, they do save as live links in PDFs. But it is self-evident why that is sub-optimal. Pretty much everywhere in all applications people embed links in all content like this, and that is the standard.
Create a file in Office on the Mac, save as PDF and you’re presented with two choices:
Saving your PDF as “Best for printing” preserves fonts/layouts but kills the links.
Saving as “Best for electronic and accessibility (uses Microsoft online service)” gives you live links, but is also dependent upon which fonts Microsoft has loaded on those servers. In any file I’ve ever tested, this method massacres fonts and layouts and is unworkable.
After much experimentation and testing, here are the only two ways you can use Word on a Mac to create PDFs with embedded live links AND the fonts and layout of your choice:
 Use Word for Mac to create your doc. Save as Best Print Quality. Your embedded links are dead. Buy Acrobat Pro DC for $450 or license it for a year for $180. Open your PDF and the source Wordfile. Copy link locations for all links in Wordfile and paste them in into new link boxes you create over those same words or phrases in PDF.
 Buy Parallels, Windows 10, and Office for your Mac. Parallels virtual machine frees Word to do on Mac what it does on PC: save embedded live links in PDF. Not sure what it cost my company to buy Parallels and Windows 10 licenses, and the new separate license for Office to use in Parallels.
Long way and lot of money to go just to create live links AND not demolish your fonts and layouts when saving Word to PDF on a Mac, right? But those are your choices.
I bet Microsoft, Apple, and Adobe could get together and fix this in a New York (or Seattle, or Silicon Valley) minute. But there’s a lot of money changing hands in #s 1 and 2 above, so…
I am now a proud member of the Product Marketing team at MongoDB: the first database company to go public in more than two decades (NASDAQ: $MDB), its business growing at ~50% YoY, with the technology and vision to take on the multibillion-dollar incumbents as it disrupts and reshapes an entire industry. As an analyst I had forecast a total market opportunity of $67.89 billion in big data and analytics by 2019, growing to nearly $111 billion by 2022. I am excited to be at a truly global company capturing a sizable and growing share of that opportunity!
My role is Senior Solutions Marketing Manager, a core part of an energetic and globally distributed team reporting to the Senior Director, Products and Solutions, based in the UK. I am responsible for driving solutions marketing and GTM content positioning the UVP of our product/services portfolio to a senior audience.
If you are not already using MongoDB, let’s talk about what it can do for you and your organization. If you are, I’d like to hear how you are doing. You can find me at any contact point on the Connections page and I’ll be in touch soon.
If you are reading this, you probably want to be able to add or change contacts or calendar items in Outlook on your computer and have them reflected, ‘through the magic of iCloud,’ on your iPhone, and vice versa, from phone to computer. That was all I wanted, but I hit some walls that seemed insurmountable until I found solutions posted by some expert and helpful users. I decided to post them together to offer you, the reader, one-stop shopping to these fantastic fixes.
ISSUE: “Setup cannot continue because Outlook is not configured to have a default profile.”
This one smacks you in the face right out of the gate, after you have installed iCloud and are in setup. You check the box to tell iCloud to sync Mail. Contacts, Calendars, and Tasks, hit apply–and you get the message above. After rapidly descending on an estimated 11 zillion sites with solutions that did not work, I found one that did. SOLUTION: Close iCloud. Open File Explorer, go to c: \ Program files(x86) \ Common files \ Apple \ Internet and find the file simply called iCloud (it’s icloud.exe, but the extension may not be visible). Right-click it and choose Properties. Click the Compatibility tab and you should see something like this:
The compability troubleshooter button is highlighted, and I pressed that and put the system through its paces, but ultimately all you have to do is check the box and select the pulldown menu so it reads as it does here: “Run the program in compatibility mode for Windows 8.” Press [OK] at the bottom.
Now open iCloud again, check the box for Mail. Contacts, Calendars, and Tasks, hit apply, and it should go through its sequence to set up iCloud and Outlook to sync.
ISSUE: Contacts are syncing but calendar items are not.
I again found a number of sites with well-meaning solutions that weren’t, but thankfully found one pretty quickly that worked. SOLUTION: Open Outlook, choose calendar, and double-click in a date box to set up a new Appointment. You’ll notice Calendar at top left.
Your calendar may be defaulting to Outlook Data File as mine did:
If so, use the slider to page down, find your iCloud calendar, and check the box for Calendar:
I was going to say this is not a permanent solution because you will have to do this every time. However, it appears that if I just remember to keep the iCloud calendar checked instead of letting Outlook select Outlook Data File as the default calendar to show, new calendar invites I create are coming up correctly in iCloud calendar.
To close the loop, I double-checked whether calendar entries I create in iCloud are syncing to Outlook. iOS lets you preset the calendar in which new Appointments are created. So yes, new Appointments I create on my phone are syncing fine in Outlook without any adjustment.
As some of my friends in other parts of the world like to say: “There you are. All sorted.”
I am guilty of having saved content and screenshots in my files, but not links to the pages where I found this sage advice, to give credit where due. Thank you, solution providers. You know who you are, and you have my eternal gratitude.
Attended the eTail West event two years running…placed two online orders during roughly the same period with a company I lovingly dub the Retail Death Star…had a deadline to meet for the IDG Infoworld blog…and it led to one of my most fun-to-write blog posts ever. The WELCOME mat above plays a pivotal role in the piece, but IDG wouldn’t run this photo because it doesn’t publish anything but its own internally approved pix. So here it is in all its boldly leaf-strewn glory, beckoning you to walk right over it and enjoy all the e-commerce action here.
Before I go: some of the arboreal wonders giving the mat that leafy look.
When Letterman was still hosting the Late Show, from time to time he’d say: “And if all THAT weren’t enough…and by golly, don’t you think it ought to be,” and would go on to mention something else that was noteworthy about the show or a guest.
Bear with me, I’ll go back to that in a moment, and it will tie into our discussion…which is about AI. AI is forecast to drive GDP gains of $15.7 trillion globally by 2030.* No organization can afford to miss out on its share of those trillions in opportunity. Adoption is low thus far, however. In Stratecast’s 2017 Big Data and Analytics Survey, only 20% of organizations said they are considering, planning, implementing, or using it. We think one part of it is market confusion; another is organizations not seeing the link between AI and revenue—both growth and retention.
Let’s first dispel some confusion surrounding AI. My practice analyzes big data and analytics (BDA), and here is where AI fits at a functional level: the Business Process and Strategic Analytics (BPSA) area of the BDA market. BPSA represents about one-quarter of the overall BDA market, which we assessed at more than $53 billion in 2017, and which we forecast to grow to nearly $68 billion by 2019.
Now let’s talk about other linkages between AI and money. Ever heard of Alexa and Siri? Amazon? Facebook, Google, Netflix, Tesla, and Uber? These and a multitude of others are making money right now by applying AI to their businesses. But wait, you say, what about financial institutions? Well, how about one of the largest online financial trading services in the world? It has used AI to reduce support costs by 80%. Or consider how, with hundreds of forms and more than 350 online apps, associates at a top-10 Wall Street investment firm were spending an average of 20–30 minutes looking for each form or app. The firm is now saving an estimated $32 million annually by applying AI to those and related processes. Even these examples, however, reflect a financial services market that is only beginning to scratch the surface of all the ways AI can benefit financial institutions. Customer-facing applications of AI include learning customer patterns and motivations to help guide them toward better financial decisions. In the back office, AI can, similarly, guide a financial institution’s own investment decisions. AI can automate tasks in many areas including underwriting, reconciliation, the development of risk models, and basic handling of incoming data and queries.
Sounds good, right? But delivering on the promise of AI requires a vision for applying smart analytics to the business. Nowhere is that concept more fitting than when talking about Tableau. Tableau provides the foundation underpinning the adoption of new and emerging technologies with an enterprise platform that covers all the bases in governance and security to help financial service companies guard against security breaches and ensure privacy compliance. Tableau offers rapid performance against massive datasets, an effect now accelerated by Hyper, its fast main-memory database system designed for simultaneous OLTP and OLAP processing (transactions and analysis in a single system) without compromising performance. Powerful, self-service analytics drive innovation, encouraging employees to discover opportunities for new products and services, contributing to customer and revenue growth—and enabling them to quickly run scenarios to assess the impacts of new business models such as blockchain.
Back to Letterman: “And if all THAT weren’t enough…and by golly, don’t you think it ought to be,” Tableau also has a vision for smart analytics that transcends AI-supporting BDA firepower with some pretty impressive AI building blocks. On the NL front, Tableau acquired Cleargraph and is combining Cleargraph’s NLP capabilities with Tableau’s existing Eviza natural language interface; and the company has partnerships with Automated Insights and Narrative Science to add NLG capabilities to the mix. In development are Tableau’s new Recommendations Engine, which will enable discovery, help users reuse the work of others, and leverage knowledge of their communities; Model Automation, which will offer smart defaults, saving time and providing ease of use; and Automated Discovery, to help customers discover hidden insights and answer more complex questions.
Planning on revenue growth? Failure to harness the power of AI could be a showstopper. Tableau has the content and the connections to ensure that the show will go on.
*PwC, AI to drive GDP gains of $15.7 trillion with productivity, personalization improvements, available here