Takalani CEO Ashanti AI Podcast on Covid19

Is artificial intelligence (AI) another weapon in the war against Covid-19?

How can AI help and could it be the answer?

Ashanti AI CEO, Takalani Madzhadzhi discusses and shares his thoughts on how to make sense of our already changing post-Covid19 world, and how to be smarter and serve our customers better.

Take a listen to the podcast with PowerFM. It is worth a listen for sure!

Takalani-Ashanti-AI-CEO_It all starts with data

It All Starts With Data

How to Create and Execute a Comprehensive Data Strategy

At the core of industry 4.0 is data.

According to the PWC South African Industry 4.0 report, 83% of respondents believe that data will be fundamental to any of their decisions. We cannot talk about artificial intelligence, data-driven strategies or setting up enterprise to take advantage of industry 4.0 without a clear data strategy. In addition, the volume of data and the increased complexity of data means that companies with a clear data strategy will be able to handle and exploit the data.
There are various considerations when developing a data strategy, chiefly among them should be the following components:

What business objectives is the data going to be used for?
A data strategy is not a standalone strategy. It exists to serve the broader objectives of the business. These objects could range from improving efficiency and understanding customer needs to create additional revenue streams.

Where will the data be collected from?
From understanding the business needs, the data that is required can be identified. The data strategy should define where the data can be sourced from. The strategy should note all the data that could be sourced internally and externally.
The strategy should also note the level of details that the data should have and how frequently it should be collected.

Where and how is the data going to be stored?
There are various technologies and tools that can be used to store or manipulate data. However, instead of focusing on the actual technology, the strategy should address challenges such as current data capability versus future data requirement, or how data will be consumed and stored.
The strategy can define whether a cloud solution or inhouse storage solution is required. Careful thought needs to be placed on this decision as going cloud is not always the best decision for every business.

The analytics that should be performed from the data
Some have argued that this is the most important part of a data strategy. It is the extraction of insights and the building of algorithms turns ensures that value is extracted from the data. There must be an alignment with what analytics are required to meet the business objectives, the availability of data and the business objectives.

Data governance and security
Given the increased value of data and increased threats of cyber security, it is important for the company’s data strategy to define security standards. This could be by means of tools, who should access the data, when should it be distributed and monitoring standards of the data.
Over the years, a number of roles (such as Chief Data Officer) have become prominent and have been tasked with being tasked with implementing the data strategy. However, to effectively implement a data strategy, a clear road map is required – one that is linked to the business’ KPIs (Key Performance Indicators).
More importantly, the culture of the business should be changed to embrace the value of data. Without data, industry 4.0 is simply a distant concept.

By Takalani Madzhadzhi, CEO of Ashanti AI and Fellow of the Actuarial Society of South Africa

Ashanti AI team argility acquisition

Argility’s acquisition journey continues with investment in artificial intelligence solutions business Ashanti AI

Argility – a member of the Argility Technology Group – has revealed it has made a substantial investment in artificial intelligence (AI) solutions business Ashanti AI, a BBBEE level two start-up.

This is the enterprise software solutions group’s fifth investment in two years.
Argility CEO Marko Salic says due to the alignment of a mutual vision and mission, the company sees this as a strategic investment to bring Ashanti AI into the Argility ecosystem.
“This emerging business will be a strong addition to our current retail, supply chain, Internet of things (IoT) and fleet expertise, and we feel it will serve to drive our focus on combining analytics with trending 4IR technologies supported by our current products and solutions.
“The synergies between Argility’s vision and Ashanti AI’s mission made this investment very appealing to us and a good fit that will augment our goal of digitally transforming our core business focus arenas using intelligent software, data science/AI, and IoT. Ashanti AI assists companies to increase revenues, make decisions faster and improve processes using AI.
“Combining these strengths will serve to enhance the Argility Technology Group’s portfolio and thus expand our solutions and service delivery for current and future customers,” confirms Salic.
Ashanti AI CEO and founder Takalani Madzhadzhi is an actuary with a financial services background. He heads up a team of data scientists with a vision to provide the best AI solutions for partners and customers. The company’s current customer base includes a number of blue-chip corporates plus partnerships with strong international consultancy firms.
“We started as part of an incubation hub linked to a data science academy. Since leaving the hub, we have grown our client base and developed a number of proprietary solutions,” notes Madzhadzhi.
He adds that going forward, the company is focused on building predictive analytic products for the retail, supply chain and financial services sectors.

Ashanti AI, strategic partner & associate of Argility Technology Group

Source: IT Web