Predictive Powerhouse: Elevating AI Accuracy and Relevance with Third-Party Data

Artificial Intelligence (AI) and Machine Learning's (ML) predictive capabilities are crucial for strategic decision-making, and enhancing accuracy and contextual relevance remains paramount. "Predictive Powerhouse: Elevating AI Accuracy and Relevance with Third-Party Data" will address this challenge head-on.

We will be joined by Stefano Biondi from Generali Real Estate, who will examine the transformative approach of enriching AI/ML training data with expertly curated third-party datasets and spatial insights. Attendees will learn how integrating external data can significantly elevate AI/ML predictions' accuracy and contextual relevance, enabling businesses to navigate market uncertainties confidently.

This webinar will highlight elements of data enrichment and showcase Generali's City Forward application, illustrating the profound impact of enriched data on predictive outcomes. Participants will gain invaluable insights into making AI/ML's applications more intelligent and contextually aware, ensuring hyper-local data insights inform decisions.

Whether you're a data scientist or a business strategist, this session promises to equip you with the knowledge and tools to leverage external data to enhance your AI/ML's predictive power. Join us to unlock the full potential of your AI applications and transform your approach to market analysis and decision-making.

1. Predictive Powerhouse Elevating AI/ML Accuracy and Relevance with Third-Party Data Antonio Cotroneo Director, Product Marketing, Precisely Stefano Biondi Head of Data Analytics and Engineering, Generali

2. Stefano Biondi Head of Data Analytics and Engineering, Generali Antonio Cotroneo Director, Product Marketing, Precisely

3. Why AI, ML, and advanced analytics? 180 ZB 94 % 75 % 3.5 Q 200 + ZB Enterprises hiring data scientists Believe AI is critical for 5-year plan Data created by 2025 Bytes of data created every day  Data in the cloud by 2025 AUTOMATE SCALE PREDICT COMPETE

4. Chances are… you’re already invested in AI of leading businesses have ongoing investments in artificial intelligence 91 %   Source: NewVantage Chatbots AI assistants AI-powered workflows AI recommendations Contact center intelligence Knowledge management

5. Chances are… your data is not ready "Only 4% said their data is AI-ready." GARTNER is a registered trademark and service mark of Gartner, Inc. And/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Bias & hallucination Poor model performance Inaccurate predictions Lack of relevance or nuance Excessive time invested in data prep Source: Gartner® Press Release, Gartner IT Symposium/ Xpo 2023 Orlando: Day 1 Highlights, October 16 2023, https://www.gartner.com/en/newsroom/press-releases/2023-10-16-gartner-it-symposium-xpo-2023-orlando-day-1-highlights 4 % Precisely View

6. Impacts of bad data on AI Lack of access to critical, relevant data can result in: Ageism & sexism Racial bias Classism, urbanism, conservatism, & anachronism Lack of data quality and governance can lead to: Incorrect results due to hallucination AI failures Exposure of internal or private data Lack of data context and nuance exposes you to: Weak insight into real-world characteristics Poor decision making with severe impacts Missing nuance and user connection Irrelevance Inaccuracy Bias

7. For trusted AI, you need data integrity Enriched data Comprehensive data integration Data quality & governance Strategize and drive your AI/ML initiatives with a business outcome driven approach 

8. Stefano Biondi Head of Data Analytics and Engineering, Generali years managing portfolio 190 360 + professionals in 9 countries buildings 2000 + billion assets 37.4 +

9. Industry leader in ML Innovation One of the first Real Estate Asset Managers to establish development and management of proprietary machine learning applications division.

10. Challenge: More precise investment strategies 60% change in value over 7 years was not explainable using traditional real estate metrics such as capital value and prime yield. 60 % change in real estate value

11. Transforming Real Estate through AI City Forward is a leading European location intelligence platform in   Real Estate More that a dozen use cases Scalable across industry and geographies Unprecedented granularity, variety, and forecasting Video

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13. Data enrichment   for bias reduction Ensure diversity in both source & type Comprehensive collection of European geographies and countries Diverse urban and rural landscapes City micro-area level

14. Maintain balance between global & local data sources Ensure consistency quality, and scalability Established partnership with the largest global providers of real estate and georeferenced data Custom data sampling Fresh and updated data Global partner specialties Data Quality Provider Considerations Points of Interest: Context/Proximity Sociodemographic data: People/Consumer Behavior Mobility Real Estate Ads Institutional Investments Generali Strategy: World leading data partners

15. KEY TAKEAWAY: Without context, there is no such thing as AI in the field of location intelligence. USE CASE: CITY FORWARD AI insights for CO2 estimation and analysis

16. For trusted AI, you need data integrity Enriched data Comprehensive data integration Data quality & governance Strategize and drive your AI/ML initiatives with a business outcome driven approach 

17. The data journey is complex and ongoing GENERATE MONITOR ENRICH ANALYZE & ACTIVATE CATALOG & GOVERN CLEANSE & VALIDATE INTEGRATE

18. Precisely partners with you along the way Software, data, and strategy services to meet all your data integrity needs GENERATE Enterprise Data sources CATALOG & GOVERN Data catalog Data governance MONITOR Data observability ENRICH Spatial analysis Data enrichment INTEGRATE Change data capture ANALYZE & ACTIVATE Customer experience CLEANSE & VALIDATE Data quality Geo addressing Master data management

19. eBook Trusted AI 101: Tips for Getting Your Data AI-Ready DOWNLOAD NOW: precisely.com/trusted-AI