Post Tagged with: "Experian"

You’re the captain, but with what ship and crew?

In 1971, the BBC aired a series about James Onedin, a ship captain who navigated the turbulent waters of industrialization and the transition from sailing to steamships. Set in Victorian England in the late 19th century, the series illustrates the complexities of a shifting market, with new technologies and skill sets, rising conflicts between entrepreneurs and managers, and strategic changes amid shrinking margins—challenges that faced those determined to keep their traditional sailing ships afloat. The captain’s role was to deliver his ship, crew, and cargo safely and efficiently to the destination. But what happens when the ship can’t compete, and rivals dominate the seas with new, innovative vessels? What if the shipowner lacks the resources or trust to adopt new technologies? And what of the crew—do they have the skills needed to operate the new ships? This scenario is familiar to many business leaders across industries. Companies today are confronting a rapidly evolving market landscape where traditional business models are often strained by rising operational costs, increased competition, and rapidly changing customer expectations. In this environment, businesses must constantly adapt to remain competitive.

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Harnessing data for good

After my first week as CEO for Experian in the DACH region (Germany, Austria, and Switzerland), I find myself profoundly thankful for the warm welcome and the many highly inspiring encounters with some of the best data and technology professionals on our planet. Experian is not only a data insights industry titan, one that operates in 32 countries, employs over 20,000 outstanding personalities worldwide but would also rank with its more than USD 30 billion market capitalisation compared to Germany’s leading stock index as the 19th largest DAX company in Germany. Experian serves as a global leader millions of consumers and businesses, leveraging data to make a transformative difference in people’s lives.

Yet, with tremendous reach and influence comes immense responsibility.

Reflections

Just as the Age of Enlightenment in the 18th century reshaped society through the dissemination of knowledge, we find ourselves at the precipice of a new era, one marked by the power and potential of data. The 21st century, in my view, must herald a fresh Age of Enlightenment, one underpinned by data literacy.

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Decisions

Data is indeed akin to water. Left unchecked or misused, it can wreak havoc. But when used right, when structured, analyzed, and enriched, it becomes invaluable. This is the essence of using „Data for Good“ – transforming the ubiquitous into the indispensable, guiding decision-makers toward better, more informed choices.

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Efficient use of AI determines the competitiveness and thus the future of German companies

Jochen Werne, CEO of Experian DACH, comments on the results for Germany: „As our survey clearly demonstrates, German executives are aware of the central role AI plays in the innovation process. Nevertheless, the considerable scepticism about the benefits of AI use indicates that many companies may not yet be able to make efficient use of their existing data. At the same time, the productive use of AI will be decisive for the future of Germany as a business location. Transforming raw data into meaningful insights and analyses – this must be the clear goal. Through the synergy of state-of-the-art technology and human expertise in combination with the best analytics, we create a significant competitive advantage for our customers.

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Charting Uncharted Waters: Europe’s Place in a World Remade

Europe and the world at large stand at a crossroads, our collective readiness—both in thought and action—will indelibly shape the course of the future. By internalizing lessons from yesteryears and harnessing the tools and knowledge of today, Europe has the potential to lead and inspire, forging a path of stability, prosperity, and holistic progress for all of humanity.

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Hot off the press: Data quality is crucial

Original published in German by IT Finanzmagazin – find here. Translation provided by DeepL.com. Photos provided by Pixabay, Experian, Jochen Werne. Collage design by Canva STRATEGY 23 January 2024 EBA deadline of 30 June: data quality will be decisive in the assessment of credit risks Financial institutions are facing a […]

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Mind over Machine

Mastering the Power of AI and Large Language Models for Business Success and Positive Social Impact By Jochen Werne Düsseldorf, 6 April 2023. Throughout human history, transformative technological innovations have heralded new eras, reshaping our societies, economies, politics, and daily lives in ways previously unimaginable. The printing press, introduced by […]

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