{"id":14970,"date":"2023-07-05T11:58:13","date_gmt":"2023-07-05T06:28:13","guid":{"rendered":"https:\/\/www.vue.ai\/blog\/?p=14970"},"modified":"2024-01-22T22:32:17","modified_gmt":"2024-01-22T17:02:17","slug":"data-decisions-and-driving-impact","status":"publish","type":"post","link":"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/data-decisions-and-driving-impact\/","title":{"rendered":"Data, Decisions, and Driving Impact \u2013 A sit-down with Con Conlon at REBUILD"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d5212e22cbf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d5212e22cbf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/data-decisions-and-driving-impact\/#ai-across-industries\" title=\"AI across industries\">AI across industries<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/data-decisions-and-driving-impact\/#retail-e-commerce\" title=\"Retail &amp; E-Commerce\">Retail &amp; E-Commerce<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/data-decisions-and-driving-impact\/#pharmaceuticals\" title=\"Pharmaceuticals\">Pharmaceuticals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/data-decisions-and-driving-impact\/#transformation-of-data\" title=\"Transformation of Data\">Transformation of Data<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/data-decisions-and-driving-impact\/#conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<p>At REBUILD\u201822, we saw Industry Leaders take the stage to discuss the state and future of enterprise AI. In the fireside chat \u2018AI-Powered Growth Stories\u2019, we had Con Conlon, the CEO, and MD of the Merit Group, give us his two cents about Data, AI, and the impact it has had across domains.&nbsp;<\/p>\n\n\n\n<p>Merit Group is a leading Data Solutions provider specializing in harvesting, aggregating, and transforming data. Merit powers digital transformation by harnessing the power of data and code and have an esteemed B2B clientele and multiple success stories.<\/p>\n\n\n\n<p><strong>The Importance of Impactful Data<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201c<strong>We like data because, when done well and used well, it enables good decision making and is impactful. We like data that enables impact<\/strong>,\u201d<\/p><p>\u2013 Con Conlon<\/p><\/blockquote>\n\n\n\n<p>Con spoke about the Merit group\u2019s work to help construction businesses. In 2012, Merit programmed 450 robots to gather construction data. Tracking construction projects across the UK helped identify critical aspects across the various buildings being constructed \u2013 from tiny two-bedroom houses to huge retail complexes. \u201cIf you\u2019re a supplier in the construction industry, we can tell you what materials you need to supply to cater to specific requirements, from what type of insulation to use to what roofing options you need to go for. That\u2019s the kind of data that we like. And, you know, if you\u2019re a supplier of materials, that\u2019s hugely impactful in terms of how you sell, where you sell.\u201d he added.&nbsp;<\/p>\n\n\n\n<p>Simply put, when it comes to data aggregation, focusing on the quality of the data as much as the quantity can yield accurate, actionable, and impactful results.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ai-across-industries\"><\/span><strong>AI across industries<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Merit Group has worked extensively across industries ranging from retail to pharmaceuticals. Con elaborated on how data proved to be helpful for teams within organizations. While the impact of AI and data is felt across multiple industries, here are the key takeaways from the retail, pharma, and petroleum industries.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"retail-e-commerce\"><\/span><strong>Retail &amp; E-Commerce<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Vue.ai, for the retail industry, partnered with Merit Group to harness the rich data available in retail to enable users to make intelligent decisions about what outfits to put on their shelves. The Merit Group deployed 900 robots to collect qualitative and informative data beyond just the basic metrics, which in turn helped determine the products that were in-demand and fast-moving.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><strong>\u201c<em>If you saw a military-style overcoat, you know, and on your competitor websites, you saw it was sold out in 14 days. It\u2019s an excellent product to back. The data we collected told you not only that that product sold out quickly, what sizes sold first, what colors were sold first, and of course, all across the categories, which color palettes were moving quickly. Again, impactful data for sales teams and management teams.\u201d<\/em>&nbsp;<\/strong><\/p><p>\u2013 Con Conlon&nbsp;<\/p><\/blockquote>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"pharmaceuticals\"><\/span><strong>Pharmaceuticals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Merit undertook a similar process to track data in the pharma industry in the United Kingdom. Their goal was to analyze what drugs were being recommended by the National Health Service to treat different kinds of ailments. It provided sales teams of leading pharmaceutical companies with direction to identify critical areas for improvement and opportunities to push their top-selling treatments. This use of data has helped improve supply chain efficiency in the pharma industry, which has helped save many lives in the UK.&nbsp;<\/p>\n\n\n\n<p><strong>Petroleum<\/strong><strong>\u201c<\/strong>We track oil and gas prices for a company called Argus Media, and we help them to collect pricing and volume data on hydrocarbons. And that goes into pricing contracts used by oil and gas traders.\u201d Con added. Implementing AI systems can be transformative for an industry as old as Oil and Gas, where accurate and actionable information is essential.<\/p>\n\n\n\n<p>Maritime and Automotive are other industries in which the Merit Group has worked extensively, and data aggregation is a core part of their operations.&nbsp;<\/p>\n\n\n\n<p>But is just the collection of data enough for impact?<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"transformation-of-data\"><\/span><strong>Transformation of Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>One common point that every speaker at REBUILD \u201822, Chennai, touched upon is that data, to be used at its full potential, should be transformed into an understandable journey for teams to understand and act on.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201c<strong>Collecting data is just 30% of the challenge. It\u2019s all about transforming it and making it useful. That\u2019s where the mischief and delight are \u2013 when it works well.<\/strong>\u201c<\/p><p>\u2013 Con Conlon<\/p><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201c<strong>And the work that Vue.ai did, for instance, on e-commerce \u2013 the data you would get would just say \u2018Dress, 49.99\u2019. You can\u2019t do anything with that. Your tech enabled us to see that it\u2019s a&nbsp;<em>cocktail dress above the knee<\/em>. Identify that it\u2019s<em>&nbsp;a patterned dress.<\/em>&nbsp;That\u2019s what is useful.<\/strong>\u201c<\/p><p>\u2013 Con Conlon<\/p><\/blockquote>\n\n\n\n<p>In a domain like e-commerce, where data sources are vast and diverse, transforming the data to be decipherable and actionable is imperative.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><strong><em>\u201cAmong all the data we pull from different sources, some have gaps, and some are duplicative. They\u2019re all using these abbreviated words, but Vue.ai helped us distill that and make it usable. That\u2019s the heart of the matter, really. That\u2019s when it becomes impactful.\u201d<\/em><\/strong><\/p><p>\u2013 Con Conlon<\/p><\/blockquote>\n\n\n\n<p>Data-backed decision-making leads to better results, and AI enables that. But, that leads to the question: Can AI replace humans in making these decisions?<\/p>\n\n\n\n<p><strong>Human (AI)d<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"401\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2024\/01\/1.jpg\" alt=\"\" class=\"wp-image-17256\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2024\/01\/1.jpg 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2024\/01\/1-300x157.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2024\/01\/1-150x78.jpg 150w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure>\n\n\n\n<p>One of the key takeaways from everything that Con spoke about is the importance of human intelligence augmented by Artificial Intelligence. Data, when cluttered and unstructured, is ugly. It takes human intelligence to transform it into something impactful.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Our 3 takeaways from Con Conlon\u2019s insightful discussion at REBUILD \u201822 Chennai are:&nbsp;<\/p>\n\n\n\n<ul><li>Data needs to be impactful for it to yield actionable results.<\/li><li>Collecting data is just 30% of the job. It needs to be transformed into an understandable journey to be impactful.<\/li><li>The true potential of data can be materialized only when Artificial Intelligence augments Human Intelligence.<\/li><\/ul>\n\n\n\n<p>With REBUILD, we at Vue.ai aim to lead the charge to make the world AI-native through experiential conferences by building a community of thought leaders. Watch out for announcements for the upcoming editions, and join us in leading the AI-native movement!<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span> At REBUILD\u201822, we saw Industry Leaders take the stage to discuss the state and future of enterprise AI. In the fireside chat \u2018AI-Powered Growth Stories\u2019, we had Con Conlon, the CEO, and MD of the Merit Group, give us his two cents about Data, AI, and the impact it has had across domains.&nbsp; Merit Group  &#8230;<\/p>\n","protected":false},"author":23,"featured_media":14971,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1162,4,1160,1522],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Data, Decisions, and Driving Impact \u2013 A sit-down with Con Conlon | Vue.ai<\/title>\n<meta name=\"description\" content=\"At REBUILD\u201822, we saw Industry Leaders take the stage to discuss the state and future of enterprise AI. 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