Aible: A CDO Magazine ‘Best Product to Watch for Chief Data Officers 2022’

Aible: A CDO Magazine ‘Best Product to Watch for Chief Data Officers 2022’

Introduction

The 2022 Gartner CDO Survey spotlights the compelling and now fully evolved role of the Chief Data Officer in driving bottom-line revenue for their organizations. The report highlights that “CDOs who lead business and IT leaders in linking data and analytics to prioritized, measured business outcomes will be more successful than their peers who do not.” A key finding on the survey was that for CDOs and their organizations, “Meeting revenue objectives means success: Explicit data monetization objectives are correlated with greater success, and CDOs who met revenue generation objectives were almost 3X as likely to be successful in their role.”

CDOs and related data and analytics teams are tasked to demonstrate their impact on the bottom line. However, the technology and tools they have at hand today fall short in helping these teams align to business goals and create financial impact for their organizations. While sophisticated technologies are available to aid these teams in solving challenges across data management, security, analysis, governance, ensuring data quality, analytics and machine learning deployment and more, a missing component is in helping them meet objectives on revenue generation and driving measurable impact from these investments. 

CDO Magazine observes a dual role for the CDO — one that accomplishes goals around governance, security, privacy and enablement, and the other that maps toward business impact creation and revenue growth. In today’s marketplace where only a handful of projects are driving financial benefit, the need for CDOs to pivot their attention in delivering business impact is imminent.

CDO Magazine’s Perspective

According to MIT-BCG research, a mere 10% of companies are seeing material ROI from their analytics and AI investment, which is a core problem that persists. It’s undeniable that CDOs need to focus on accelerating business value and software vendors, and service offerings have been challenged to meet that need. Aible, an enterprise AI solution, differentiates its approach and focuses on solving this challenge for CDO teams. What stands out is its commitment to helping enterprises see value from its technology by offering a money-back guarantee to customers who don't see measurable economic impact on their own terms, in one month.

A 2022 Best Product to Watch for Chief Data Officers

Aible, one of this year’s Best Product to Watch for Chief Data Officers, was chosen for its ability to help CDO teams quickly drive better organizational performance with line-of-business impact by aligning with business objectives from the onset. Recently rated #1 in Automated Machine Learning and CB Insights AI 100: The most promising artificial intelligence startups of 2022, Aible has consistently demonstrated the ability to guaranteeimpact within 30 days for multiple enterprises across key industries including health care, manufacturing and technology, among others. 

Business Impact in 30 Days 

What is immediately striking about this enterprise AI solution is its proven success across multiple organizations, across Fortune 500 and SMB. From Aible’s fairly substantial list of success stories:

  • A Fortune 500 technology company used Aible to identify actionable insights for sales opportunities in 20 days

  • Another Fortune 500 Healthcare Provider finds new insights in Social Determinants of Health (SDoH) data with a 20X improvement in speed to insight - YES

  • ​​Nova Southeastern University uses AI from Aible to potentially improve student retention by 17% in 15 days

  • A multinational CPG company used Aible to identify ways to drive $10M in additional sales in just 17 days 

  • A global food company identified ways to reduce food wastage by more than 10% in 27 days using Aible 

  • A global manufacturer identified ways to reduce the impact of late shipments by more than $4M annually in just 17 days using Aible - YES

  • A Leading Food & Beverage services company used Aible to identify actionable patterns and ways to improve sales efficiency by 5%

  • Another leading university uses AI from Aible to mitigate student attrition by 12% in 30 days

In a world laden with severe doubt that AI projects will make it from prototypes to production and generate business value, Aible’s risk-free approach creates a novel opportunity for CDO teams to become a profit center for the enterprise. The reality is that many companies are spending enormous amounts of money on advanced analytics and AI and seeing little or no payoff, but Aible zeroes in on solving that core issue in a very short period of time. This is further instantiated by direct feedback from end users that attributed material revenue gains and operational savings to the analysis and recommendations generated by Aible.

Product Round-Up

Aible’s areas of strength span its ability in evaluating data readiness and guiding exploration with augmented analytics to driving impact with optimized AI recommendations in end-user applications. The solution offers end-to-end automation for data preparation, model creation and training, deployment, model management and monitoring. What makes Aible different is that users specify the relative costs, benefits, and capacity constraints of their business together with current operating costs to train and compare models to deliver the greatest business impact. Key differentiators include:

  • Ease of Use: Aible offers guided and friendly interfaces for users to quickly prepare their data, identify key patterns and business drivers, capture the relative costs, benefits, and operational constraints, and launch a fully automated AI training process in your AWS or Azure account. When model training is complete, Aible shows you the business impact the newly created models can deliver. 

  • Visibility: Aible encourages true collaboration across all stakeholders by managing the full process across data validation, exploration, AI training and deployment. This provides both the CDO and business teams better overall visibility into the costs, benefits and adoption of AI throughout your organization. 

  • Speed to Value: End-to-end automation takes users from raw data to valuable insights in minutes or optimized recommendations within popular enterprise applications in hours. 

  • Cost: Aible delivers very low Total Cost of Ownership via automation with serverless and flat files.

The solution ultimately drives impact by providing tools for every stage of the data journey.

Evaluate Data-Readiness: Aible Sense automatically and quickly validates data quality and highlights the dimensions that have value. With this ability, Aible helps ensure a dataset is of sufficient quality so that statistically valid insights, high-impact predictive models, and high-value data warehouses can be built. Throughout, the data never leaves the end-user organization’s own secure cloud account.

Brainstorm With Open-World Exploration: Aible Explore enables teams with the ability to collaboratively brainstorm around data. Open-world exploration with Aible reveals new paths for discovery and helps identify impactful patterns and relationships among variables. With guided data exploration and augmented analytics, teams can visually understand business drivers, uncover root causes, detect sources of bias, and identify contextual insights in minutes.

Optimize Every Recommended Action for Impact: Aible Optimize understands your unique cost-benefit tradeoffs and business constraints, showing you exactly how the AI recommendations would impact your business. The AI recommendations surface in existing enterprise systems, such as Salesforce. With connectors for the Boomi platform, enterprises leverage Aible with 1500+ applications and technologies. Aible Optimize aligns your strategy with tactical decisions at all levels, with guaranteed business impact.

Individualization: Teams are able to adjust AI recommendations based on their unique preferences. For example, a salesperson who likes to churn through a lot of deals quickly to find the best prospects may want a more aggressive AI, while a salesperson who prefers to methodically work a few good deals may want a more conservative model. This gives users a say in the AI that affects them to ensure engagement at scale.

Real-Time Monitoring: Aible enables managers to see how often each user is following the  AI recommendations. By observing adoption patterns and fine-tuning the model to increase adoption, CDO teams can accelerate change management. Aible collects information about how business conditions are changing and recommends how to adjust the model to compensate, or when necessary, retrain the model.

Security: Because of its unique security model, Aible never gets access to the customer data. All data exploration, model training, and model deployment happens securely in the customer’s own cloud. Thus, CDOs do not need to risk the security of their data assets to monetize them. 

Summary

CDOs that are able to drive revenue and increase overall organizational value will have the greatest opportunity for success in 2022 and beyond. What makes Aible unique is that it gives CDOs a tool that will increase their probability of making stronger strategic decisions that will ultimately help organizations accelerate toward value-generation, making the CDO a key stakeholder in the C-suite. Learn more at www.aible.com.

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