{"id":3520,"date":"2021-11-01T15:43:00","date_gmt":"2021-11-01T10:13:00","guid":{"rendered":"https:\/\/tdw.co.in\/crux\/?p=3520"},"modified":"2022-04-06T19:59:42","modified_gmt":"2022-04-06T14:29:42","slug":"learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions","status":"publish","type":"post","link":"https:\/\/tdw.co.in\/crux\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/","title":{"rendered":"Learning to Trust: What Businesses Need to do to Capitalize on Third Party Data Solutions"},"content":{"rendered":"\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter\"><img src=\"https:\/\/analyticsinsight.b-cdn.net\/wp-content\/uploads\/2021\/11\/AI.jpg\" alt=\"AI\" class=\"wp-image-58648\"\/><\/figure><\/div>\n\n\n\n<h1><strong>Why and how to build trust in AI third-party platforms&nbsp;<\/strong><\/h1>\n\n\n\n<p>By Kathy Leake, CEO <a href=\"https:\/\/tdw.co.in\/crux\" target=\"_blank\" rel=\"noreferrer noopener\">Crux Intelligence<\/a><\/p>\n\n\n\n<p>As recently as a few years ago, many businesses were still grappling with the decision of whether to incorporate data into their core functions and operations. While every company sat atop some store of raw data, many lacked the expertise, vision, or technology to make use of its data assets.<\/p>\n\n\n\n<p>Today\u2019s organizations no longer have the luxury of choosing whether or not to use data in their operations. With digitalization accelerating dramatically over the past two years, any business that chooses to ignore its own first-party data resources puts itself at a severe disadvantage \u2014 one which their more technologically savvy competitors will be happy to exploit.<\/p>\n\n\n\n<p>But once a business has committed to pursuing data-backed decision-making, it must choose how to build or acquire the tools and strategies needed for success. While early adopters of data analysis often designed their own bespoke solutions, modern businesses now have the option of choosing from a growing number of third-party business intelligence (BI) platforms to perform these same tasks. To better understand how large enterprises are handling this divide, I spoke with Dr. Vikash Raj, Head of Analytics and Process Engineering at IDFC Asset Management Company Limited (IDFC AMC). In his work at IDFC AMC, Raj has taken <a href=\"https:\/\/tdw.co.in\/crux\/dr-vikash-raj-on-how-crux-simplifies-analytics-at-idfc\/\" target=\"_blank\" rel=\"noreferrer noopener\">significant steps to advance the company\u2019s data practices<\/a>; however, he recognizes that building trust throughout the organization\u2014in both these new processes and in the third parties who are executing them\u2014remains the most challenging hurdle for most companies in moving these initiatives forward&#8230;<\/p>\n\n\n\n<p class=\"has-luminous-vivid-amber-background-color has-background has-medium-font-size\"><strong><em>Read the full article on Analytics Insight <a href=\"https:\/\/www.analyticsinsight.net\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adopting business intelligence techniques \u2014 and ultimately entrusting their performance to a third party \u2014 is a step on the path to the higher utility. By turning over the most tedious, high-volume tasks to artificial intelligence, business leaders can focus instead on how to identify key business drivers, accelerate revenue, and better serve their customers. [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/tdw.co.in\/crux\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":17,"featured_media":3983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[49,62],"tags":[90,57,84],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Capitalize on Third Party Data Solutions | Crux Intelligence<\/title>\n<meta name=\"description\" content=\"Any business that ignores its own first-party data resources will be at a disadvantage. But how could we learn to trust third-party solutions? See the answer at Crux Intelligence.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/34.231.55.25\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Capitalize on Third Party Data Solutions | Crux Intelligence\" \/>\n<meta property=\"og:description\" content=\"Any business that ignores its own first-party data resources will be at a disadvantage. But how could we learn to trust third-party solutions? See the answer at Crux Intelligence.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/34.231.55.25\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Augmented Business Intelligence | Crux Intelligence\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-01T10:13:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-06T14:29:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/34.231.55.25\/wp-content\/uploads\/2021\/11\/Analytics-Insights.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kathy Leake\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kathy Leake\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/34.231.55.25\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/34.231.55.25\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/\"},\"author\":{\"name\":\"Kathy Leake\",\"@id\":\"https:\/\/34.231.55.25\/#\/schema\/person\/5f448cb67a7829d013228d46af53ed84\"},\"headline\":\"Learning to Trust: What Businesses Need to do to Capitalize on Third Party Data Solutions\",\"datePublished\":\"2021-11-01T10:13:00+00:00\",\"dateModified\":\"2022-04-06T14:29:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/34.231.55.25\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/\"},\"wordCount\":291,\"publisher\":{\"@id\":\"https:\/\/34.231.55.25\/#organization\"},\"keywords\":[\"AI Platforms\",\"Augmented Analytics\",\"Data-Driven Decision Making\"],\"articleSection\":[\"Design For the Future\",\"Press\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/34.231.55.25\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/\",\"url\":\"https:\/\/34.231.55.25\/learning-to-trust-what-businesses-need-to-do-to-capitalize-on-third-party-data-solutions\/\",\"name\":\"How to Capitalize on Third Party Data Solutions | Crux Intelligence\",\"isPartOf\":{\"@id\":\"https:\/\/34.231.55.25\/#website\"},\"datePublished\":\"2021-11-01T10:13:00+00:00\",\"dateModified\":\"2022-04-06T14:29:42+00:00\",\"description\":\"Any business that ignores its own first-party data resources will be at a disadvantage. 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